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Lakštingalų st. 10, Telšiai, Lithuania (1 stage)
Amount of funding
50 000 €
LTV
60%
Annual interest rate
12.00% - 13.00%
Total expected project return
12.00% - 12.99%
Loan period
12 mo.
Risk
B (medium)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
3
Raised:
180 € Goal:
50 000 €
180 € Goal:
50 000 €
0.36%
How much will I earn if I invest:
Investment size
100.00 €
49 820.00 €
12%
12.25%
12.5%
12.75%
13%
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 |
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| 1 | Nuostatai MB Logatusa |
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| 2 | Turto vertinimo ataskaita |
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| 3 | PIID (1 etapas) |
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About the loan
Purpose of the loan
Acquisition of real estate
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
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
42 000.00 €
Purpose of the loan
The financing required amounts to 72,000 EUR, which will be raised in stages. The loan term is 12 months. The loan proceeds will be used for the purchase and renovation of the real estate being pledged as collateral. The real estate located at Lakštingalų st. 10, Telšiai—consisting of a 0.1500 ha plot of land, a residential house with a total area of 292.08 square meters, and a farm building with a total area of 101.83 square meters, including living quarters. As of April 30, 2026, the appraised market value of the entire property complex is 120,000 EUR. The project owner plans to allocate 42,000 EUR of their own funds to the project.
About the Project
The property consists of a 0.1,500 ha plot of land with a residential house and a farm building containing residential premises, located within a single functional real estate complex at Lakštingalų St. 10, Telšiai. The land parcel’s unique No. is 4400-0128-4300, cadastral No. 7868/0012:179 in the Telšiai City Cadastral District. Primary intended use: other; type of use: residential area; nature of use: construction of low-rise residential buildings. The total area of the plot is 1,500 square meters, of which 1,000 square meters are registered as built-up area, and 500 square meters are agricultural land, meadows, and natural pastures. The lot was established through cadastral surveying.
The main building of the complex is a residential house, unique No. 7899-2009-6017, marked 1A1p on the plan. Construction of the house began in 1992; the year of completion listed in the registry is 2017; the building category is “non-special”; the registered completion rate is 100 percent. The building is classified as a single-family or two-family dwelling, with its primary use designated as a single-family residence. The total building area is 292.08 square meters, the usable area is 145.44 square meters, the living area is 94.64 square meters; an additional 19.00 square meters of commercial space is listed in the registry, and the area of the basements/semi-basements totals 146.64 square meters. The house is registered as having 6 rooms. The building’s volume is 1,246 cubic meters, and the built-up area is 224 square meters. Structurally, the house is brick-built: concrete foundations, brick walls, reinforced concrete floors, a pitched roof with metal roofing.
The residential house is equipped with a local central heating system that uses solid fuel. According to the most recent property registry extract, water supply and sewage disposal are provided by municipal utilities; electricity is connected, but there is no natural gas. The windows have plastic frames with double-pane glass; the entry and interior doors are wooden. The interior finish varies: the floors feature laminate flooring, wooden planks, and tiles; the walls are painted, wallpapered, or tiled; and the ceilings are painted or finished with wood paneling. The condition of the residential building’s finishes is satisfactory. The more recent interior photos provided confirm this conclusion—some of the rooms are currently in use. To achieve a higher property classification and a better sales outcome, it would be prudent to renovate the interior.
The second building in the complex is a farm building with residential quarters, unique No. 4400-3073-3942, marked 2I1b on the plan. According to the most recent registry extract, construction of the building began in 1992, and the year of completion is listed as 2014; however, its status is legally registered as “under construction,” with a completion rate of 74 percent. The building’s total area is 101.83 square meters, the main area is 53.22 square meters, the volume is 340 cubic meters, the built-up area is 70 square meters, and the number of stories is 1. According to registry data, the walls are made of cinder blocks, the roof is covered with metal, and separate heating, water supply, sewage, and gas systems are not registered for this structure. The building is currently classified as agricultural, and its primary intended use is specified as the handling of agricultural products.
The entire complex constitutes a single property, and the values of its individual parts are distinguished only conditionally. On April 30, 2026, the total market value of the property was determined to be 120,000 EUR, of which 90,000 EUR was provisionally attributed to the residential house, EUR 20,000 to the land parcel, and EUR 10,000 to the farm building with residential quarters. The report used the comparative method; similar residential house transactions were identified in the market, and the adjusted price of the comparable properties ranged from 381 to 442 EUR/sq. m, with an average of 412 EUR/sq m. This confirms that there is a genuine buyer’s market for this type of property in the Telšiai market.
The best and most economically rational use of the property is to maintain its current residential use. Its current use as a single-family home represents the maximum and best use of the property, and changing to an alternative use is not economically viable. Considering the 1,500-square-meter lot, the large floor area of the main building, the six-room layout, the basement, the attic, and the additional outbuilding, the property is practically best suited for spacious living by a single-family household or a multigenerational family, while also utilizing the additional spaces for storage, workshops, household purposes, or other auxiliary activities.
The property’s marketability is enhanced by its central location in the city of Telšiai, its proximity to the city center and Lake Masčio, a 15-ar private lot, a paved driveway, municipal water and sewer connections, and the fact that the main residential house and the auxiliary building are 100% complete. On the other hand, liquidity is reduced by the large size of the residential house—292.08 square meters—its age, the interior finish that is satisfactory but in need of renovation in some areas, solid-fuel heating, and the fact that the auxiliary building is 74 percent complete. Taking all these factors into account, it is reasonable to consider the property’s liquidity as average: the property has a clear market and a reasonably good location; however, the time to sale and the achievable price will depend significantly on pricing and the buyer’s willingness to invest in renovations.
This is a functionally unified, residential real estate complex located in the central part of Telšiai, featuring a good-sized lot, a large main residential house, and an additional building. The property’s strengths lie in its location and its versatility for residential use. Based on the market data provided in the documents, the property is considered marketable; however, its liquidity is average and highly dependent on the asking price.
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 12 %
- Investing from 1 000.00 € - fixed interest 12.25 %
- Investing from 3 000.00 € - fixed interest 12.5 %
- Investing from 5 000.00 € - fixed interest 12.75 %
- Investing from 7 500.00 € - 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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2026-10-02
Estimated loan repayment date:*
2027-10-02
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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