Trys dvibuciai Didziojoje Rieseje IIProfitus
We present the second stage of the phased financing project – “Trys dvibuciai Didziojoje Rieseje”. The funds of this stage will be allocated for the development of real estate. The amount to be raised is EUR 40 000.
The aim of the project:
The owner of the project has acquired 10 plots of land on which he is developing a semi-detached houses project. The houses under development are 307 and 316 square meters in size. Each semi-detached house will have a 10 acre plot of land. Construction has already begun on two plots of land on two plots of land. The project owner will allocate funds for this phase to continue the work – for the construction of three semi-detached houses. This loan will be repaid by the proceeds from the sale of the company’s real estate.The sales revenue of the three semi-detached houses is estimated at about EUR 1 395 000.
Progress of the project:
The walls of the first floor are currently being built in the project. In the near future, ceilings will be installed and the walls of the second floor will be laid.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, six plots of land with a total area of 62 ares are pledged at the address Zemoji st. 46, 48, 52 and Vieversiu st. 10, 12, 16, Didzioji Riese village, Vilnius district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 267 200.
Maximum planned amount of funding for the project: EUR 900 000. 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.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.