Naujakuriu daugiabutis Kaune XVProfitus
We present the fifteenth stage of the project – “Naujakuriu daugiabutis Kaune”, the funds of which will be allocated to the development of real estate, to continue the construction of apartment buildings. The amount to be raised at this stage is EUR 155 000. This loan will be repaid from the company’s operating income and real estate sales.
The aim of the project:
The project owner is developing two apartment buildings with a total area of 2 152.59 square meters with a planned closed parking lot. The apartment buildings will have apartments of 50-75 square meters. One apartment building will consist of 18 apartments, the other – 15. The apartments are planned to be sold with partial finishing. Revenue from the sale of all apartments will amount to EUR 4 000 000.
Progress of the project:
The owner of the project allocated a part of the project funds for refinancing loans, paid the designer, the infrastructure fee, made advance payments for materials, and started construction work on apartment buildings. In one apartment building, windows and exterior doors have been installed, ducts have been laid, the roof is being installed, staircases for 6 apartments have been plastered, and piles have been drilled and concreted to install turkeys. In another apartment building, the 3rd floor has been bricked, the sewage inlets to the apartments on the 1st floor have been brought out, the windows have been installed and reinforced concrete has been installed. Currently, according to the data of the Registry Center, the registered partial completion of both apartment buildings is 8%. Actual completion 36% and 47%.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors a plot of land with an area of 33.80 ares and two apartment buildings are pledged at Naujakuriu st. 116 and 118, Kaunas. According to an independent real estate appraiser of UAB “Inreal”, the value of real estate pledged to investors is EUR 1 864 000.
Maximum planned amount of funding for the project: EUR 1 400 000. 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. LTV at this stage – 55%.
Interest by investment amount:
– From 100 EUR to 999 EUR – 9%
– From 1 000 EUR to 4 999 EUR – 9.5%
– From 5 000 EUR to 14 999 EUR – 10%
– From 15 000 EUR – 10.5%
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.