Purpose of the Loan
The financing requires a total of 390,000 EUR, which is being raised in stages. The loan proceeds will be used to acquire the “Žilvičių namai” real estate project and to begin its development. The “Žilvičių namai” project consists of a single complex of 11 land plots located in the Lentvaris eldership, Trakai District Municipality, within the Vilnius metropolitan area. Building permits have been issued for the development of 9 residential buildings as part of the project. The project loan will be repaid using proceeds from the sale of the developed property or by refinancing it with another financial institution. The project owner is contributing 227,640 EUR to the project.
About the Project
A complex of land plots with a total area of 0.8176 ha. The complex consists of one land plot designated for transportation and utility corridors, unique No. 4400-5719-1454, with an area of 0.1055 ha, and residential land plots designated for single-family and two-family residential buildings: Žilvičio St. 2M, unique No. 4400-5719-1721, area 0.0477 ha; 2L Žilvičio St., unique No. 4400-5719-7850, area 0.0716 ha; Žilvičio St. 2K, unique No. 4400-5719-7950, area 0.0442 ha; 2J Žilvičio St., unique No. 4400-5720-5882, area 0.0587 ha; 2I Žilvičio St., unique No. 4400-5720-5939, area 0.0404 ha; 2H Žilvičio St., unique No. 4400-5720-6390, area 0.0419 ha; 2G Žilvičio St., unique No. 4400-5721-3219, area 0.0557 ha; 2F Žilvičio St., unique No. 4400-5721-3226, area 0.0547 ha; 2E Žilvičio St., unique No. 4400-5721-3230, area 0.0667 ha; 9 Gėlių St., unique No. 4400-5721-3251, area 0.2305 ha.
According to the Real Estate Registry, the plots were formed through cadastral surveys; their primary intended use is “other,” and their method of use is “areas for single-family and two-family residential buildings,” with the exception of a separate plot designated as a corridor for transportation and utility networks. On most of the residential plots registered in the Real Estate Register, single-family residential buildings are being developed; their condition is indicated as “permit to carry out construction work,” and their status is “under development.” The registry extracts for Žilvičio St. 2E, 2F, 2G, 2H, 2I, 2J, 2K, and 2L, the registry extracts indicate that the land plots with structures have been formed and that building permits have been issued for new construction; The construction permit for Žilvičio St. 2M is provided in a separate permit document.
The mortgaged complex is fully prepared for a 9-house development project. It is noted that drainage has been installed on the site, the terrain has been leveled, a pond has been dug, slopes have been formed and graded, soil has been delivered and leveled, topographic surveys have been prepared, soil analysis with reports has been conducted, final site grading has been completed, the road has been repaired, interior layout plans for 9 houses and site development plans have been prepared, the technical design for water and sewer systems and the fire safety design have been completed, and all necessary documents have been prepared and building permits obtained.
According to the data in the construction permits and design documents, the construction of new single-family residential buildings is planned. The category of structures is “non-special-purpose structures.” The permits specify that single-family residential buildings and, where applicable, domestic wastewater treatment facilities will be constructed. The designer is UAB “Archlinija”; the project managers are Ramunė Valančiūtė or Laimis Keizikas, depending on the specific plot and project document. The technical documents outline construction solutions related to foundation preparation, concrete work, masonry, reinforcement, paving stone and sidewalk tile surfacing, concrete lawn edging, lawn installation, and site landscaping. The documents mention concrete pavers, sidewalk tiles, concrete lawn edging, foundation compaction requirements, lawn installation work, and other landscaping elements.
A planned neighborhood of single-family homes with a unified architectural style: single-story modern residential homes with dark pitched roofs, combinations of light-colored masonry/brick and wood finishes, large picture windows, carports, private courtyard areas, landscaped spaces, lighting, and an internal neighborhood road. The visual design concept is geared toward higher-quality suburban housing—surrounded by nature, offering privacy, a well-organized neighborhood layout, and convenience for family life.
The best use of the property is to continue and complete the prepared project for a neighborhood of 9 single-family homes, implementing it in phases or as a single residential complex. Since the land plots have already been formed, some of the infrastructure and preparatory work has been completed, building permits have been obtained, and the project documentation has been prepared, the property offers greater development clarity than a mere collection of land plots in the initial stage. This level of readiness reduces the developer’s risk, shortens the project implementation timeline, and allows for a faster transition to the construction and sales phases.
Several key factors enhance the property’s appeal: location within the Vilnius metropolitan area, the natural environment, the recreational appeal of the Trakai district, convenient access to Vilnius, Lentvaris, Grigiškės, and Trakai, individually formed land plots, prepared projects, obtained building permits, completed site preparation work, a registered plot for transportation and utility corridors, and a planned unified neighborhood concept. From a market perspective, this is not merely a collection of land plots—it is a ready-to-develop project whose value and appeal are determined not only by the land itself but also by the construction opportunities it offers, the level of design readiness, and the concept for the future neighborhood. As of April 30, 2026, the market value of the entire land plot complex is EUR 650,400.
In terms of liquidity, the mortgaged property is considered by appraisers to be a development project with medium-to-good liquidity. Its sale may take longer than that of individual, already built and completed single-family homes, as the buyer must have the capital, expertise, and interest to continue the construction project. However, liquidity is significantly improved by the fact that the project is not in its early stages: the lots have been subdivided, the neighborhood layout has been planned, permits have been obtained, technical and architectural designs have been prepared, and site preparation work has been completed. Therefore, the property may be attractive not only to end buyers of single-family homes but also to small and medium-sized real estate developers, construction companies, and investors seeking to acquire a ready-to-build project and bring it to market by selling the completed homes individually.
The property is a cohesive complex of land plots ready for residential development, located in the attractive recreational surroundings of the Vilnius suburbs and the Trakai District. Its key strengths include: subdivided lots, issued building permits, prepared technical and architectural designs, completed site preparation work, a pleasant environment, and a clear development plan for 9 single-family homes. The property is best utilized by continuing the construction of the planned single-family home neighborhood and implementing it as a cohesive residential project. Its overall appeal is considered higher than that of a typical undeveloped land parcel, and its marketability is sufficient, especially when seeking buyers from the developer or investor segment.
More about the project (see Documents).