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Namas Svajoniu g. V

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100 %
  • Status funded
  • Goal 25,000 EUR (€)
  • Raised 25,000 EUR (€)
  • Investors 28
  • Interest rate 10%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the fifh stage of the phased financing project “Namas Svajoniu g.”. The raised funds will be used for the development of real estate. The amount to be raised at this stage is EUR 25 000.

About the project:
The owner of the project is developing a 158.23 square meter, A++ class, two-story residential house with garage, in the Vilnius district. The house is already for sale, and the estimated sales income is EUR 349 000.

Progress of the project:
Since the beginning of the financing of the project, the owner of the project covered the roof, installed stairs, installed windows, doors, gates, completed the insulation of the facade, installed the fence, and completed the clinker gluing works. They laid out the water supply, electricity, heating system, insulated and concreted the floor, and plastered the walls. The leveling of the plot of land was completed, pavers were laid, outdoor stairs were installed, electrical boxes were installed and a part of the fence was installed.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of investors, 5,63 acres of land with a building is pledged, at Svajoniu ave., Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is currently EUR 310 000.

Maximum planned amount of funding for the project: EUR 217 000. 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 – 10%
– From 500 EUR to 1 999 EUR – 10,5%
– From 2 000 EUR to 4 999 EUR – 11%
– From 5 000 EUR – 11,5%
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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