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Namas Paluknio gatveje II

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100 %
  • Status funded
  • Goal 35,500 EUR (€)
  • Raised 35,500 EUR (€)
  • Investors 94
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new staged financing project “Dvibutis Paluknio gatveje II”, the funds of which will be allocated to the development of real estate. The amount to be raised at this stage is EUR 35 500.

About the project owner:
The project owner has experience in real estate development. Implemented different real estate development projects with a total area of 20 000 square meters.

The aim of the project:
The owner of the project is developing a residential building with an area of 146.03 square meters on a plot of land of 8.9 acres. Currently, the owner of the project has purchased a plot of land and poured the foundations of the house with his own funds. The house will be sold fully furnished. Estimated sales revenue is EUR 330 000.

Progress of the project:
With the funds raised for the first stage, the owner of the project brought communications and erected the walls of the first floor. The walls of the second floor are currently being erected.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a plot of land with an area of 8.9 acres and a residential house with an area of 146.03 square meters are pledged, at the Paluknio st. 61, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 121 900.  

Maximum planned amount of funding for the project: EUR 150 000. 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 – 9,5%
– From 500 EUR to 999 EUR – 10%
– From 1 000 EUR to 2 999 EUR – 10,5%
– From 3 000 EUR – 11%
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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