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Namai Misko panoramoje

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100 %
  • Status funded
  • Goal 150,000 EUR (€)
  • Raised 150,000 EUR (€)
  • Investors 103
  • Interest rate 7.5%
  • Loan To Value(LTV) 21%
  • Credit Duration 3 month

We present a new financing project – “Namai Misko panoramoje”. The amount to be raised is EUR 150 000, of which EUR 89 900 will be allocated to the refinancing of the existing loan, and the remaining loan amount to the completion of construction works.

About the project:
The project owner is building 3 semi-detached houses in Vilnius, Grendaves street. The apartments will be 143 square meters, two floors with a garage for one car. On the first floor there will be a common kitchen and living area, a bathroom, a cloakroom, on the second floor there will be three bedrooms and a bathroom. Apartments for sale with partial finishing and fully arranged environment. The sale price of one apartment is EUR 170 000, the planned sales revenue of the whole project is EUR 1 020 000.

Progress of the project:
The developer requisites EUR 50 000 to complete facade and outside area. After completing these works, a sale transaction of one of the mortgaged apartments will be executed, for which a preliminary purchase and sale agreement has been concluded. The apartment is sold for EUR 185 000 euros and the loan will be repaid from the proceeds of the sale of this apartment.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors three plots of land with a total area of 31.3 ares and two semi-detached houses with a total area of 577.36 square meters are pledged at Grendaves and Derioniu streets. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 715 800.

Interest by investment amount:
– From 100 EUR to 999 EUR – 7,5%
– From 1 000 EUR to 4 999 EUR – 8%
– From 5 000 EUR to 9 999 EUR – 9%
– From 10 000 EUR to 24 999 EUR – 9,5%
– From 25 000 EUR – 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.

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