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S63 loftai

Profitus
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100 %
  • Status funded
  • Goal 110,000 EUR (€)
  • Raised 110,000 EUR (€)
  • Investors 185
  • Interest rate 7.5%
  • Loan To Value(LTV) 66%
  • Credit Duration 12 month

We present a stage project for investment “S63 loftai”. Funding collected for the acquisition and development of the attic Savanoriu ave. 63, Vilnius. The amount to be collected in the first funding phase is EUR 110 000

“S63 loftai” is a new project in Vilnius, on the left bank of the Neris, near Vingis Park. Strategically convenient location to reach any point of the city on foot, by public transport or by car. By car to the city center – just 6 minutes away! It is planned to install 5 loft-type apartments in the premises, the area of ??each apartment is 50 square meters. The planned end of the project is December 2021. The estimated selling price is EUR 1,980 per square meter. The planned sales revenue of the whole project is more than 450 thousand. EUR.

The project owner has experience with the development of attic premises – has successfully developed and sold similar types of attics.

In the interests of investors, 217.73 square meters of shelter premises and a brick house in Vilnius, Savanoriu ave. 63-6A. According to the real estate appraiser, the value of the real estate was set at EUR 169,000.

Investors at all stages will be mortgaged on the primary mortgage.

The maximum amount of financing is EUR 350,000. The borrower will have the right to borrow additionally in other stages, provided that it does not exceed the maximum set LTV of 70%. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. The loan-to-value ratio (LTV) at this stage is 66%.

Interest by investment amount:
– From EUR 100 to EUR 499 – 7,5%
– EUR 500 to EUR 2 999 – 8%
– From EUR 3 000 to 8,5%
Important: individual investments 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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