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„Seimos dvibutis” Gvazdiku kvartale III

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100 %
  • Status funded
  • Goal 17,200 EUR (€)
  • Raised 17,200 EUR (€)
  • Investors 68
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new phased financing project – “Seimos dvibutis” Gvazdiku kvartale” III. The raised funds will be used for the development of the real estate project. The amount to be raised at this stage is EUR 17 200.

About the project:
The owner of the project is developing an A++ class, 189.40 square meter, two-story semi-detached house with a carport on a 7.96-acre plot of land. At the moment, the walls of the semi-detaached house have been raised in the project, the roof work has been completed, the partitions on both floors have been built, concrete stairs have been installed with a part of the overlay. The apartments will be sold partially finished. Estimated sales revenue of the entire project is EUR 370 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a plot of land with the foundations of a semi-detached house, is pledged at Gvazdikiu Sody str. 11, Vilnius. According to an independent real estate appraiser, the value of real estate pledged to investors is EUR 146 800.

Maximum planned amount of funding for the project: EUR 200 000. 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. LTV at this stage – 66%.

Interest by investment amount:
– From 100 EUR to 499 EUR – 9.5%
– From 500 EUR to 1 999 EUR – 10%
– From 2 000 EUR – 10.5%
Important: investments made separately 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.

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