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Namas Dvaro G59

Profitus
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100 %
  • Status funded
  • Goal 161,000 EUR (€)
  • Raised 161,000 EUR (€)
  • Investors 265
  • Interest rate 10%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new staged financing project – “Namas Dvaro G59”. The funds raised will be used for real estate development. The amount to be raised at this stage is EUR 161 000. 

Project owner:
The project owner has experience in real estate development. Has implemented 4 different construction projects with a total area of 4 700 square meters.

The aim of the project:
The owner of the project will allocate a part of the raised amount to the repayment of the existing loan, and the rest to the construction of apartment buildings.

About the apartment buildings under development:
The developer is developing two apartment buildings with a total area of 2,247.5 square meters with a covered parking area. Apartments with an area of 50-75 square meters will be formed in the apartment buildings. One apartment building will consist of 18 apartments, the other – 15. The apartments are planned to be sold with partial decoration. It is estimated that the proceeds from the sale of all apartments will reach EUR 4 200 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 549.32-square-meter residential house with a terrace and a 144.44-square-meter farm building with a sauna and a 4.7250-hectare plot of land are pledged at Dvaro stt. 59, Kaunas district. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 433 000.

Maximum planned amount of funding for the project: EUR 303 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. 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. LTV at this stage – 38%.

Interest by investment amount:
– From 100 EUR to 499 EUR – 10%
– From 500 EUR to 2 499 EUR – 10,5%
– From 2 500 EUR to 4 999 EUR – 11%
– From 5 000 EUR to 14 999 EUR – 11,5%
– From 15 000 EUR – 12%
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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