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R. Kalantos st. 137 - 225A, Kaunas, Lithuania
Amount of funding
20 930 €
LTV
65%
Annual interest rate
14.00% - 15.00%
Total expected project return
14.00% - 15.00%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
6
Raised:
500 € Goal:
20 930 €
500 € Goal:
20 930 €
2.39%
How much will I earn if I invest:
Investment size
100.00 €
20 430.00 €
14%
14.25%
14.5%
14.75%
15%
With this project in one month I will earn
€
After 12 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 | Nuostatai MB Ingridos projektai lt.pdf |
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| 2 | Turto vertinimo ataskaita.pdf |
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| 3 | PIID.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
20 930 €
LTV
65 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
11 270.00 €
Objective of the loan
The amount of EUR 20 930 is required for the financing, which is being raised in a single round. The loan will be used to refinance the borrower's existing loan with another financial institution and for the simple renovation of the mortgaged apartment at R. Kalantos st. 137-225A, Kaunas. The loan will be repaid by refinancing with another financial institution or from the company's activities or from the proceeds of the sale of real estate. The amount to be contributed by the project owner is EUR 11 270.
About the property
The property is an Apartment / Room - Room with common use premises, located in Kaunas, R. Kalantos str. 137-225A. In the Real Estate Register this object is registered as a room / apartment, unique object number 1996-8008-9014:0034. The property's purpose group is residential, the main purpose of use is residential, flats. The object is located in a building with the unique number 1996-8008-9014, plan designation 1N4/p. The year of completion of construction of the building is 1968, the completion rate is 100 per cent. The property is located on the 2nd floor and consists of one room and associated common areas. The total and useful floor area is 14,70 sq.m. and the living area is 10,18 sq.m. The documents detail that the property comprises rooms 225a - 10,18 sq.m., 1-8 - 1,70 sq.m., 1-9 - 2,82 sq.m., and parts of the common areas 1-12 - 0,16 sq.m. The property has central heating, communal water supply, communal sewage disposal, natural gas, a gas cooker and electricity. The building has the following structural solutions according to the information provided: brick walls, reinforced concrete slabs for the flooring, metal exterior doors, wooden framed windows with glass. Interior finishes: linoleum flooring, painted walls, tiles in sanitary facilities, painted ceiling, wooden internal doors. The condition of the property is average.
The best use of the property, taking into account its legal purpose, size, location, type of building and actual condition, is for its current residential use as a one-room dormitory-type dwelling with shared facilities. The attractiveness of the mortgaged property is enhanced by the fact that it is located in Kaunas city, in an urbanised area, has well-developed communications, is accessible by public and private transport, has a relatively small total area, and therefore its acquisition and maintenance costs are potentially low. However, the attractiveness is limited by the small size, the common area factor, the age of the building, the energy performance class G, the average/worn actual condition and the need for repairs. The liquidity is considered by the assessors to be medium: the property can be marketed due to the low absolute price and the demand for low floor area dwellings. Potential buyers could be individuals looking for affordable housing in Kaunas, investors in low-rental properties, buyers looking for student or worker housing, as well as individuals for whom low purchase price and accessibility to the city's infrastructure are the most important criteria. The property is a low-cost, low-rise residential property, functionally suitable for use as a residence or rental property.
For more information about the property (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 14 %
- Investing from 1 000.00 € - fixed interest 14.25 %
- Investing from 3 000.00 € - fixed interest 14.5 %
- Investing from 5 000.00 € - fixed interest 14.75 %
- Investing from 7 000.00 € - fixed interest 15 %
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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2026-05-29
Estimated loan repayment date:*
2027-05-29
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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