We are supervised by
M. K. Čiurlionio st. 73, Druskininkai, Lithuania (refinancing) 1 stage
Amount of funding
290 000 €
LTV
49%
Annual interest rate
12.50% - 14.50%
Total expected project return
18.75% - 21.74%
Loan period
18 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
0
Raised:
0 € Goal:
290 000 €
0 € Goal:
290 000 €
0.00%
How much will I earn if I invest:
Investment size
100.00 €
290 000.00 €
12.5%
12.75%
13%
13.25%
13.5%
13.75%
14%
14.25%
14.5%
With this project in one month I will earn
€
After 12 months I will earn
€
After 18 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 | Trumpai apie mus.pdf |
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| 2 | utf-8''%C4%8Ciurlionio%20%20M%C5%ABzos%20Planas.pdf |
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| 3 | Statybos leidimas M.K Čiurlionio-2.pdf |
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| 4 | Vertinimas Druskininkai M. K. Čiurlionio g. 73.pdf |
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| 5 | Visuomeninio maitinimo erdvių koncepcija.pdf |
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| 6 | Priešprojektiniai pasiūlymai.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
290 000 €
LTV
49 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
18 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
According to the fact that the terms of project development are longer than the term of the granted loan, the extension (refinancing) of the loan for a new term of 18 (eighteen) months is started even before the term of the loan has come to an end.
At this stage, construction works inside the building has already started, have been prepared pre-project proposals, and has been prepared the concept of public catering spaces for optimal commercial use of the facility has been prepared. The project is being developed further, after the completion of the preparatory works, the sale of apartments will begin.
The loan funds will be used for the further development of the real estate at M. K. Čiurlionio st. 73, Druskininkai, Lithuania, and for the necessary construction works.
The loan will be repaid from the proceeds of the sale of the property under development and/or refinancing (the borrower is currently negotiating with potential investors to refinance the existing loan and finance the development of the entire facility to completion).
About the project
Investment project - Residential (apartment) commercial building in Druskininkai, M.K. Čiurlionio st. 73. The existing area of the building is 3538 m2, the area of the building after reconstruction is 4154 m2, residential premises 1894 m2, commercial premises 2260 m2.
"ČIURLIONIO MUZOS"
The vision is to give you a feeling of being surrounded by space and nature that you are independent of everyday worries, can indulge in dreams and the creation of plans for their realization.
Positioning the implementation of the vision:
- Accommodation in apartments is cheaper than in a separate private house, the feeling here is the same;
- The price difference between these properties can reach tens / hundred thousand euros (reserve investment to the buyer, or the fulfillment of a dream for loved ones);
- Range of amenities, wide price range;
- There will be no shortage of extensive integrated public and social spaces in the state-of-the-art recreational complex;
- The easiest way to define value: location, price and available amenities;
- The facilities in the recreational building are like a luxury property, offering many more amenities and attractive properties than the average, and above-average value apartment.
Project location
Druskininkai city center. The fresh Ratnyčia stream winds through the country, and in the immediate vicinity - both in winter and summer enchanting Dineika and Vijūnėlė parks. Just 10 minutes away - Druskininkai Old Town, Čiurlionis House museum and other facilities: shops, banks, restaurants, library - a few steps away.
More about the project (see Documents).
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12.5 %
- Investing from 500.00 € - fixed interest 12.75 %
- Investing from 1 000.00 € - fixed interest 13 %
- Investing from 3 000.00 € - fixed interest 13.25 %
- Investing from 5 000.00 € - fixed interest 13.5 %
- Investing from 7 500.00 € - fixed interest 13.75 %
- Investing from 10 000.00 € - fixed interest 14 %
- Investing from 15 000.00 € - fixed interest 14.25 %
- Investing from 20 000.00 € - fixed interest 14.5 %
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
18 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-07-07
Estimated loan repayment date:*
2025-01-07
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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Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
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283 200 €
283 200 € Goal:
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100%
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