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Rugiageliu takas III

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100 %
  • Status funded
  • Goal 95,700 EUR (€)
  • Raised 95,700 EUR (€)
  • Investors 273
  • Interest rate 11%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the third stage of the phased financing project – “Rugiageliu takas”. The raised funds will be allocated by the project owner for real estate development. The amount to be raised at this stage is EUR 95 700.

About the project owner:
The project owner has experience in real estate development. Implemented different individual house projects with a total area of 7 000 square meters.

The aim of the project:
The owner of the project is developing semi-detached houses in the Vilnius district. Eight semi-detached houses will be built on eight plots of land, a total of 16 property units. The total area of all houses under development is about 2 072 square meters. The house will be an A+ class, two stories with a garage. This loan will be repaid from the income from the sale of real estate. The planned sales revenue of the entire project is EUR 2 960 000.

Progress of the project:
At the moment, two semi-detached houses have already been built, at Rugiageliu st. 6 and 6A. The semi-detached house under construction on plot Rugiageliu str. 6 is almost finished, the registered completion of the semi-detached house is 85%. The walls of the semi-detached house being built on plot Rugiageliu str. 6A are bricked, the ceiling is covered, the stairs are installed, and the roof is covered. Windows have also been installed, an underfloor heating system has been installed and the floor has been concreted, and communication inputs have been brought to the house.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, 7 plots of land with total area of 100.51 acres and semi-detached houses are pledged,  at the address Rugiageliu str. 6, Vilnius district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 283 100.

Maximum planned amount of funding for the project: EUR 1 150 000. 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 – 11%
– From EUR 500 to EUR 2 999 – 11.5%
– From EUR 3 000 to EUR 9 999 –12%
– From EUR 10 000 – 12.5%
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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