A new staged financing project “Misko namai” in Vilnius, the funds of which will be used for real estate development. The amount collected is EUR 75 000.
The project owner has acquired six plots of land on which an individual, the residential project will be developed. It is planned to build three one-room and three two-room houses. Two plots have building permits, so the development of the project is planned for the autumn of this year. The apartment areas will be from 110 to 150 square meters, one-story houses on one floor and two-story houses on two floors. The apartments will be sold with partial finishing and tidy well-being. The estimated sales price is EUR 1 600 per square meter, and the planned sales revenue of the whole project is as high as EUR 1 600 000.
The project is located in a picturesque, northern part of Vilnius, in a quiet and forested area, Karaciunu Street. The plots are bordered by a pine forest, and Lakes Balzis and Tapeliai are easily accessible within a few kilometres. The project has a well-developed infrastructure – just 20 minutes by car or public transport to the city centre.
To protect the interests of investors, six land plots are pledged as plots of land with a total area of 44,16 ares, located in Karaciunu Street, Vilnius, Antakalnis District. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 130 800. .
Maximum planned amount of funding for the project EUR 1 000 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set – 70%. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded. The loan-to-value ratio (LTV) at this stage is 58%.
Interest by investment amount:
– From EUR 100 to EUR 499 – 8%
– From EUR 500 to EUR 999 – 8,5%
– From EUR 1 000 to EUR 4 999 – 9%
– From EUR 5 000 to EUR 9 999 – 9,5%
– From EUR 10 000 – 10%
Important: investments made separately are not aggregated.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.