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New Seaside VIII

Profitus
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100 %
  • Status funded
  • Goal 50,000 EUR (€)
  • Raised 50,000 EUR (€)
  • Investors 79
  • Interest rate 8%
  • Loan To Value(LTV) 51%
  • Credit Duration 12 month

Loan for real estate development – “New Seaside” Phase VIII. The company is developing 51 residential houses on the seaside. Until this stage, the company registered the built foundations, performed a new assessment, and started further work.

Currently, the works are already being carried out in six one-room houses and one two-room apartment. So far, the developer has insulated the house from the inside, completed the exterior decoration. Installed windows and began interior decoration work in two houses. At this stage of financing, the company will use the borrowed funds for the further construction of 6 one-room houses and one two-room house. The developer has signed reservation agreements for three houses worth 333 thousand euros.

“New Seaside” is a completely new “green” energy recreation-residential quarter in the quiet resort of Sventoji, Elijos Street, just 1 kilometer or 15 minutes walk to the sea. It is a house complex designed on a particularly spacious 9 ha plot of land.

Investors are pledged on a plot of land owned by the developer, where 34 one-room and 17 two-room houses will be built.

One-storey apartments – 2 floors (72 sq. M.) And two-storey buildings – 2 floors (126 sq. M. M.) Are being developed, with full or partial housing decoration. Each house will be equipped with a solar power plant (solar panels integrated on the roof). The whole architecture will prevail in the whole quarter, each house will have a private plot of land and its own terrace. All engineering networks are planned: water supply, domestic sewage, electricity. The environment and infrastructure have been arranged, and pedestrian and bicycle paths have been installed.

For all investors, real estate is mortgaged with a primary mortgage.

Maximum planned Project financing amount: 700,000 Eur. 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.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds.

Project visualizations are provided. More information about the project: www.naujasispajuris.lt

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