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Namas Jaunystes g. III

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100 %
  • Status funded
  • Goal 60,000 EUR (€)
  • Raised 60,000 EUR (€)
  • Investors 167
  • Interest rate 8%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new staged financing project “Namas Jaunystes g. III”, the funds of which will be allocated to the development of real estate. The amount to be raised at this stage is EUR 60 000.

The aim of the project:
The owner of the project plans to develop a 108.43 square meters A++ class modern residential house project on the purchased plot of land. The house will be one-story, with a flat roof and a separate carport. The building has two bedrooms, a common spacious kitchen living area, auxiliary facilities: technical room, storeroom, wardrobe. The master bedroom will have a separate bathroom and walk-in closet. After second phase: the exterior walls of the house have been built and all the windows have been installed. The interior work is scheduled to start soon.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of the investors, an apartment with an area of 69.50 square meters, at Ateities st. 2E-14, Vilnius and a plot of land with an area of 8.24 acres, at Ziezmariu st. 45, Vilnius, are pledged. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 203 900. 

Maximum planned amount of funding for the project: EUR 250 000. 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.

Interest by investment amount:
– From 100 EUR to 499 EUR – 8%
– From 500 EUR to 1 499 EUR – 8,5%
– From 1 500 EUR to 2 999 EUR – 9%
– From 3 000 EUR – 9,5%
Important: investments made separately are not aggregated.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.

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