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Namu kvartalas “Naujasis pajuris II“

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100 %
  • Status funded
  • Goal 120,000 EUR (€)
  • Raised 120,000 EUR (€)
  • Investors 196
  • Interest rate 8%
  • Loan To Value(LTV) 48%
  • Credit Duration 12 month

Phase II of the staged financing project “Namu kvartalas “Naujasis pajuris”. Funds for this phase will be used to continue construction work and infrastructure development. The project owner is developing a block of A + class, 68, recreational buildings on the seaside, Elijos str. 9F, in Palanga.

The project is successfully expanding – since the beginning of the project, the foundations for 25 recreation buildings have already been registered, roads and sidewalks have been built, 1 two-apartment and 6 one-apartment recreation buildings have been built – these houses are finished. 4 more two-apartment houses are being built, where windows and roofs are already installed. The developer has signed preliminary reservation agreements for three leisure buildings worth EUR 333 600. Once the road to the project is paved, active inspections and sales will begin.

“Naujasis pajuris” is a completely new quarter of green energy recreation buildings designed on a 900-acre plot of land. In the quiet resort of Sventoji, on Elijos Street, just a 15-minute walk and a 4-minute drive to the sea.

2-storey single-storey apartments of 72 sq.m. m, with full or partial housing decoration. Each recreation building will be equipped with a solar power plant (solar panels integrated on the roof). The whole architecture will prevail in the whole quarter, each recreation building will have a private plot of land and a private terrace. All engineering networks are planned: water supply, domestic sewage, electricity. The environment and infrastructure have been arranged, pedestrian and bicycle paths have been installed.

Investors are pledged 857.82 acres of land, 6 recreation buildings, foundations of 25 recreation buildings, Elijos str.9F. According to the real estate appraiser, the value of the mortgaged real estate is EUR 2 058 210. For all investors, the property is pledged with a primary mortgage.

The maximum planned amount of project financing is EUR 3 000 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) is currently 48%.

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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