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Namu kvartalas „Gintaro slenis“ IV

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100 %
  • Status funded
  • Goal 44,000 EUR (€)
  • Raised 44,000 EUR (€)
  • Investors 48
  • Interest rate 12%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the fourth stage of the phased financing project – “Namu kvartalas „Gintaro slenis”. The funds of this stage will be used for the refinancing of the existing loan and for the continuation of construction works. The amount to be raised is EUR 44 000.

The aim of the project:
The company is developing a block of residential houses at Klaipeda district. So far, 4 houses have been built in the project. Now the owner of the project is developing the construction of another 4 residential houses. The newly built houses will have an area of 79 and 73 square meters. Currently, in the project, the walls of two houses have already been erected, windows have been installed and the roof structure has been installed, electricity, water, sewage, and walls have been plastered. For the house at the address Lazdyneliu str. 6 – the facade works are being carried out, next week it is planned to install and insulate the ceiling, install partition walls. The foundations of the other two houses have been poured. For two houses, at Lazdyneliu st. 6 and 9, a preliminary purchase and sale agreement has been signed, a notarial transaction will take place within half a year.

About the project:
“Gintaro slenis” is a new construction project located just a few kilometers from Klaipeda city center. It is an A + energy efficiency class, modern design project focused on ecological solutions and an open settlement. The project is being developed with full infrastructure: convenient transportation, tidy well-being, parking lots. Residential houses under development, with partial finishing 85% or fully equipped. More about the project: https://gintaroslenis.lt

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 34 plots of land with 4 residential houses under construction (two with an area of 79 square meters and two with an area of 73 square meters) are mortgaged for investors, at the address Lazdyneliu st., Klaipeda district. The total area of land plots is 5.667 hectares. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 812 000.

Maximum planned amount of funding for the project: EUR 1 000 000. 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 EUR 100 to EUR 499 – 12%
– From EUR 500 to EUR 2 999 – 12,5%
– From EUR 3 000 to EUR 9 999 – 13%
– From EUR 10 000 to EUR 19 999 – 13,5%
– From EUR 20 000 – 14%
Important: separately made investments 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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