We present a new staged financing project “Pumpuru namai”, the funds of which will be allocated to the development of real estate. The amount to be raised at this stage is EUR 30 000.
About the project owner:
The project owner has experience in real estate development. Implemented four different real estate development projects with a total area of 320 square meters.
About the project:
The owner of the project will develop the project of two residential houses on two plots of land with a total area of 21.53 ares. The house will have an area of 135 square meters. The house will be sold. Estimated sales revenue is around EUR 460 000.
To ensure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, two plots of land with a total area of 21.53 acres are pledged, at Pumpurau str. 1, 2, Klaipeda district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 60 100.
Maximum planned amount of funding for the project: EUR 260 000. 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 EUR 100 to EUR 499 – 10%
– From EUR 500 to EUR 999 – 10,5%
– From EUR 1 000 to EUR 2 999 – 11%
– From EUR 3 000 – 11,5%
Important: separately made investments 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.