We present a new phased financing project – “Zvelgaicio namai”. The raised funds will be used for the refinancing of existing loan and the development of real estate. The amount to be raised at this stage is EUR 140 000.
The aim of the project:
The owner of the project will allocate a part of the raised amount (EUR 90 000) to the refinancing of the existing loan, and the rest to the construction works of two residential houses. Houses under development are 188 square meters, energy class A++, two floors. Currently, the registered completion rate according to the data of the Register Center is 41%. The houses will be sold partially finished. The planned sales revenue of the entire project is about EUR 446 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 2 residential houses under development with a total area of 235.76 square meters and a plot of land with an area of 10.55 acres are pledged at the address Zvelgaicio st. 14, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 278 000.
Maximum planned amount of funding for the project: EUR 250 000. 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 – 9%
– From 500 EUR to 999 EUR – 9.5%
– From 1 000 EUR to 4 999 EUR – 10%
– From 5 000 EUR to 9 999 EUR – 10.5%
– From 10 000 EUR – 11%
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.