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We are reglamented by
Molainių st. 11B, Panevėžys, Lithuania (1 stage)
Amount of funding
50 000 €
LTV
60%
Annual interest rate
13.00%
Total expected project return
25.99%
Loan period
24 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
11
Raised:
2 000 € Goal:
50 000 €
2 000 € Goal:
50 000 €
4.00%
How much will I earn if I invest:
Investment size
100.00 €
48 000.00 €
13%
With this project in one month I will earn
€
After 12 months I will earn
€
After 24 months i will earn
€
* This calculator is exemplary and provides approximate results. Please note that the actual earnings may differ from the results provided by the calculator
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | MB Senvagės rezidencija įstatai.pdf |
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| 2 | Turto vertinimo ataskaita.pdf |
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| 3 | Potvarkis dėl adreso pakeitimo.pdf |
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| 4 | Žemės sklypo planas.pdf |
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| 5 | PIID (1 etapas).pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
50 000 €
LTV
60 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
24 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
60 000.00 €
Purpose of the Loan
The financing requires a total of 150,000 EUR, which will be raised in stages. UAB Senvagės Rezidencija will use the loan proceeds to continue renovating the building it owns—a shopping center located at 11 Molainių St., Panevėžys—which was built in 2005 and has been fully leased for more than 20 years to tenants engaged in stable business operations. The usable area of the shopping center’s leased premises is approximately 2,400 square meters, and the average monthly rental income amounts to approximately 16,000 euros. This will ensure a steady cash flow from operations, allowing for the loan to be serviced properly and on time. The loan will be repaid by refinancing it with another financial institution or from the proceeds of the sale of the renovated property. The project owner is contributing 60,000 EUR to the project.
About the Project
The real estate being used as collateral is a plot of land located at 11B Molainių St., Panevėžys. In previous documents, the same property was listed at the address 2 Nevėžninkų St., Panevėžys, but pursuant to an order by the mayor of Panevėžys City Municipality, the address was changed to 11B Molainių St. The land parcel’s registry number is 44/818086, its unique property number is 4400-1206-2954, cadastral number—2701/0021:484, Panevėžys City Cadastral District. The owner of the plot is UAB “Senvagės rezidencija,” legal entity code 302518674. Ownership was registered on March 13, 2026, based on purchase and sale agreement No. 2138.
The primary intended use of the land plot is “other”; the type of use is “commercial property area.” The total area of the plot is 0.3104 ha, i. e., 3,104 sq. m. The plot was formed through cadastral surveying; the date of cadastral data establishment is August 21, 2007.
The land plot is irregularly quadrangular in shape, with flat terrain. The plot is surrounded by streets on the east, west, and north sides, while on the south side it borders on residential properties. Electric utility lines and a medium-pressure gas pipeline run along the plot boundary; therefore, when planning development, connections to utility networks, safety zones, and design conditions should be thoroughly reviewed.According to the Real Estate Register, there are no appurtenances to the property listed in any other register. No state or municipal land trust rights have been registered; no other real property rights have been registered; and no legal facts have been registered.
The best and maximum use of the mortgaged property is its use in accordance with its current purpose and method of use, i.e., for commercial properties. Given the plot’s location in a residential neighborhood, its proximity to apartment buildings and single-family homes, as well as the nearby retail, service, and other daily-use facilities, the most rational use would be the development of a commercial facility serving the local community. This could include retail, service, administrative, food service, small-scale office, medical, beauty, childcare, sports, household services, or other facilities compatible with the needs of the surrounding residents, provided that such activities comply with applicable requirements for land-use planning, construction, sanitation, transportation, parking, and other relevant regulations.
The property’s appeal is determined by several key factors: the lot is located within the city limits, in an established residential neighborhood, adjacent to a street, with good and convenient access; the surrounding infrastructure is well-developed; the size and configuration of the plot are favorable for the development of a commercial property; and there is a potential daily flow of customers in the surrounding area. An additional advantage is that the lot is surrounded by streets on three sides, giving it better visibility and potentially more flexible access and transportation options than lots located deeper within the neighborhood.
In terms of liquidity, the mortgaged property is considered a commercial land plot with moderately good liquidity in the Panevėžys city market. Its liquidity is enhanced by its urban location, commercial use, proximity to residential areas, convenient access, well-developed surrounding infrastructure, and favorable plot size.
The property is a 0.3104 ha commercial land plot located in the city of Panevėžys, featuring clear registry data, a favorable location within the city and neighborhood, good access, and well-developed surrounding infrastructure. The best use of the property is the development of a commercial property in accordance with its current use. The property is attractive due to its location, size, configuration, and the demand generated by the surrounding residential environment; however, additional investments in development, design solutions, and infrastructure installation are necessary to realize its potential and unlock its value. Appraisers assess liquidity as sufficient within the commercial land segment, and the primary buyer base consists of commercial property developers, investors, and operators of service or retail businesses.
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 13 %
The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.
Loan term and repayment
Loan period
24 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2026-07-03
Estimated loan repayment date:*
2028-07-03
If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.
* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.
Procedure for disputes between parties to a financing transaction
The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform
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