Appartment in Pazaislis III

 Refinancing
Project listed: 27.04.2020
Kaunas,
Lithuania
10%
Annual yield
59%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Quarterly
Interest payments
10.09.2020
Pending

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Descripton

Project "Appartment in Pazaislis III". In order to ensure the interests of investors, a 132,61 m2 apartment is mortgaged in the classicist style project "Pazaislio Apartments". These are spacious apartments of energy efficiency class A with large windows, 3.4 m high ceilings, on the third floor of an apartment building.

The apartment building where the mortgaged apartment is located in a picturesque place, surrounded by nature, near Kaunas Lagoon and Pazaislis Park. Project infrastructure solutions: parking lot, children's playground, excellent access, automatic road barrier, lockable gates, video surveillance cameras. Well-groomed environment: courtyard lighting, fountain, classical-style gazebo, petanque area, territory tidy.

The project funds will be used to refinance the existing loan.

For those who invest more than EUR 3 000 +1%, for those who invest more than EUR 20 000 +2% of interest. The property is pledged to investors by a primary mortgage.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

More information about the project: https://www.pazaislioapartamentai.lt
Title of the projectAddress of the project
Appartment in Pazaislis IIIBetonuotoju str. 4-17, Kaunas

 

Number of floors in the object (building)Energy classDescription of the site of the project
3AConvenient and quiet location, within easy reach of all the amenities offered by the city and at the same time in silence. Near Pazaislis and Kaunas Lagoon Regional Park.

 

TypeInvestment purposeRequested amount to be fundedInvestment period*
LoanRefinancing100 000 €12 month
LTVTime remainingInvestment repayment form Frequency of payment of interest
59%5 daysAt the end of the periodOnce per quarter
Source of payment of interestAnnual interest rate
RE sales income10-12%

*Note. If the real estate developer repays a part of the loan earlier, he has to pay an additional 1 month. interest on the amount repaid (however, the interest on that part will, in general, be paid for not less than three months but not more than the term of the loan).

 

To ensure the interests of investors, an apartment is pledged in the project "Pazaislio Apartments", Kaunas. The completion of the pledged property is 85%.

 

ObjectAddressUnique nr.Area (sq. m)
AppartmentBetonuotoju str. 4-174400-5181-9862:9017132,61

 

Address of the pledged assetIndependent assessorValue of the pledged asset by independent assessment
Betonuotoju str. 4-17, KaunasUAB „OBER-HAUS“172 000 €

 

TypeTitle of the companyCompany codeVAT payer’s code
Legal entityUAB PAŽAISLIO PROJEKTAI305073044LT100012246211
Project originated by:

Documentation

10%
Annual yield
59%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Quarterly
Interest payments
10.09.2020
Pending
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