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Vakaro Aleja III

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100 %
  • Status funded
  • Goal 100,000 EUR (€)
  • Raised 100,000 EUR (€)
  • Investors 124
  • Interest rate 12%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new phased financing project – “Vakaro aleja III”. The raised funds will be used for the development of real estate. The amount to be raised at this stage is EUR 100 000.

The aim of the project:
The project owner will allocate the raised amount forr the construction of a four-story, 3 103 square meter, 60-apartment building in Palanga. The apartments will have an area of 22-71 square meters. At the moment, the project has raised two-story walls. Apartments will be sales. The planned sales revenue of the entire project is EUR 5 358 000.

Progress of the project:
The owner of the project refinanced the existing loan with the funds raised in the first and second stages and started the construction of the third floor.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, an apartment house under development with an area of 3 103 square meters and a plot of land with an area of 45.86 acres are pledged at the address Pavasario st. 6, Palanga. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 1 110 000.  

Maximum planned amount of funding for the project: EUR 2 200 000. 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.

Interest by investment amount:
– From 100 EUR to 499 EUR – 12%
– From 500 EUR to 2 499 EUR – 12.5%
– From 2 500 EUR to 4 999 EUR – 13%
– From 5 000 EUR to 9 999 EUR – 13.5%
– From 10 000 EUR – 14%
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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