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Namas Sutemu G23

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100 %
  • Status funded
  • Goal 129,100 EUR (€)
  • Raised 129,100 EUR (€)
  • Investors 275
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the new phased financing project – “Namas Sutemu G23”. The raised funds will be used for the refinancing of existing loan and the development of real estate. The amount to be raised at this stage is EUR 220 000.

About the project owner:
The project owner has experience in real estate. He has implemented 6 apartments in Bajorai, the total area of which is 600 square meters.

The aim of the project:
The owner of the project will allocate a part of the raised amount to the refinancing of the existing loan, and the rest to the development of two residential houses with a total area of 480 square meters, at Pupoju str. 32, 34 Vilnius. Currently, the completion of houses under construction is 46% and 50% according to the Register Center. The house will be sold fully furnished. The planned sales revenue of the entire project is EUR 1 344 000.

To secure the interests of investors, real estate is pledged with a secondary mortgage:
To secure the interests of investors, a 243.40-square-meter residential house and a 9-acre plot of land are pledged at Sutemu st. 23, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 460 000.

Maximum planned amount of funding for the project: EUR 322 000. 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 999 EUR – 9.5%
– From 1 000 EUR to 4 999 EUR – 10%
– From 5 000 EUR to 9 999 EUR – 10.5%
– From 10 000 EUR – 11%
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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