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Namu kvartalas “Naujasis pajuris” III

Profitus
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100 %
  • Status funded
  • Goal 295,000 EUR (€)
  • Raised 295,000 EUR (€)
  • Investors 323
  • Interest rate 8%
  • Loan To Value(LTV) 65%
  • Credit Duration 12 month

Phase III of the staged financing project “Namu kvartalas “Naujasis pajuris”. Raised funds will be used to continue construction work. 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 financing, 6 houses and 11 semi-detachedhouses (a total of 28 property units) have already been built. Six houses and the first two semi-detached houses are finished. In front of the first houses of the quarter, the welfare has already been arranged: paved sidewalks, planted pines and other ornamental plants. The road from the main Sventoji road is also reinforced and lined with additional gravel. Active sales started last month and three new reservation agreements were signed. In total, the developer has signed preliminary reservation agreements for six assets worth EUR 743,600.

“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.

68 apartments of 72 sq.m. 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 with 6 registered recreation buildings and 19 installed and registered foundations at Elijos str.9F. There are also 26 installed foundations on the mortgaged plot, which will soon be registered and pledged to investors. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 2,058,210. For all investors, the property is pledged with a primary mortgage.

Interest by investment amount:
– From EUR 100 to EUR 999 – 8%
– From EUR 1 000 to EUR 9 999 – 9%
– From EUR 10 000 – 10%
Important: separately made investments are not aggregated.

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 62%.

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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