• Strong financial commitment to the project: A personal investment of EUR 305 000 demonstrates the owner's real belief in the project's success and their commitment to its implementation.
• Extensive Real Estate Experience: The project owner possesses extensive real estate experience, having developed approximately 15 residential projects. This demonstrates a deep understanding of market trends, needs, and specifics, enabling informed decision-making and project success.
• 40% reserved: 5 out of 12 apartments are reserved, with preliminary sales contracts signed. This shows the huge interest of potential buyers and the exceptional value of the project, with advances received amounting to EUR 742 000.
• Prime Location: The project is being developed in the very heart of Kaunas, at Totoriu st. 12. This unique location is surrounded by rich history and vibrant infrastructure. All of the city's most important attractions, cafes, restaurants, and shops are within walking distance.

About the Project Owner:    
The company's shareholder has extensive experience in real estate development, having successfully completed approximately 15 residential projects with a total area of around 12 000 m2.The developer's expertise includes 4 similar multi-family housing projects, as well as the successful development and realization of commercial premises on Savanoriu prospectus in Kaunas.

About the project:
T12 is a project of prestigious, exclusive and luxurious apartments developed in the central part of Kaunas. The apartment building will be developed in a very beautiful location of the city - on the slope of Totoriu Street. Thanks to the location of the plot and the position of the apartment building, the future residents will be able to enjoy both the beautiful panorama of Kaunas city and the green slope on the eastern side. A short five-minute walk will take you to Laisves Alley and a five-minute walk to Karaliaus Mindaugo Avenue. In the adjacent street, on sunny days, residents will be greeted by the Ramybes Park. The project will have eight apartments over three floors, with two exclusive luxury penthouses at the top. The basement level will include commercial space, a 21-space parking garage, and two of the twelve apartments. The remaining eight apartments will be distributed on the second and third floors of the building. Residents of the penthouse apartment, whose windows will open to the panoramic view of the central part of Kaunas, will be able to watch the sunsets from a spacious 54 m2 terrace.

Project objective:
The project owner has been working on this project since 2016. 6 years ago, the shareholder of the company bought a wooden three-apartment house built in 1920 and a plot of land at Totoriu st., Kaunas. During this period, he prepared the project, coordinated it with the public and the city municipality, and in December 2022 received a building permit for the construction of the apartment building. After obtaining the building permit, the project owner updated the terms and prices for the supply and production of materials and components and started the construction work. The development of the project is expected to be completed by the end of the third quarter of 2024. The project is expected to generate revenues of approximately EUR 6 500 000.

Project progress:
The funds raised in the last stages have been used to complete the brickwork, glazing the windows of the whole house, subdividing the rooms into separate properties, insulating the façade of the building, paying an advance to the lift supplier, installing slopes and concreting all four internal terraces. The project owner will use the funds raised in this phase to refinance the existing loan and to continue with further construction work.

The maximum financed amount: EUR 3 000 000 (EUR 813 800 already raised). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 70% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.

Interest by investment amount:
– From 100 EUR to 249 EUR – 8.50%
– From 250 EUR to 699 EUR – 9.00%
– From 700 EUR to 1 999 EUR – 9.40%
– From 2 000 EUR to 6 999 EUR – 9.80%
– From 7 000 EUR – 10.20%
Important: investments made separately are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.