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Paslaugu patalpos Basanaviciaus al. II

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100 %
  • Status funded
  • Goal 56,600 EUR (€)
  • Raised 56,600 EUR (€)
  • Investors 111
  • Interest rate 10.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new staged financing project “Paslaugu patalpos Basanaviciaus al. II”, the funds will be used for the development of real estate. The amount to be raised at this stage is EUR 56 600.

The aim of the project:
The owner of the project will use the raised funds for the development of real estate. Currently, the structure of the building has already been changed, the overlay has been changed, the ceiling has been raised, demolition work has been completed, new spacious rooms have been created and facade insulation work has been carried out from the outside. After the repair work is completed, the premises will be rented or sold.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, service premises of 453.14 square meters are pledged at J. Basanaviciaus al. 75-1, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 287 000.

Maximum planned amount of funding for the project: EUR 350 000. 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 100 EUR to 499 EUR – 10.5%
– From 500 EUR to 999 EUR – 11%
– From 1 000 EUR to 2 999 EUR –11.5%
– From 3 000 EUR – 12%
Important: investments made separately are not aggregated.

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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