Phase I financing project “Vanagupes slenis” – Phase I. Project funds will be allocated for the acquisition and development of real estate.
The project developer buys a recreational building in Palanga, Vanagupes str. 13A, where the premises will be repaired, a superstructure and an annex will be built and 30 apartments will be formed. The estimated sale price of apartments in the building is 2200 EUR / sq.m. m. The estimated sale price of the apartments formed on the superstructure is 3000 EUR / sq.m. The planned sales revenue of the whole project is 2.86 million euros.
The developer has experience in the implementation of this type of projects: projects in Vilnius, A. Goštauto str. 12 (~ 800 sq.m.) and D?m? str. 3 (~ 1200 sq.m.), where the condition of the premises was improved by redesigning and installing the property. These objects have been successfully developed and sold.
1268.09 sq. m. Is pledged to protect the interests of investors. m building and 0.3602 ha part of the land plot, address Vanagupes 13A, Palanga. The property to be purchased is in good condition and does not require large-scale construction work. Registered completion of the property – 100%. Investors at all stages will be pledged the property with a primary mortgage.
Maximum planned amount of project financing: EUR 2,000,000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Maximum loan-to-value ratio (LTV) 65%.
Interest by investment amount:
– EUR 100 to EUR 49 999 – 10%
– From EUR 50 000 to EUR 499 999 – 11%
– From EUR 500 000 – 12%
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.