Apartment, Betonuotoju st.

Development loan

Project listed: 24.07.2020

Kaunas,
Lithuania

8.5%

Annual yield

70%

LTV

Term: 12 months

Mortgage rank:
First

Interest payment schedule:
Quarterly

Interest payments

03.11.2020

Paid

10.02.2021

Pending

Project updates

Risk rating

Criteria	From -2 to 2
Property type	0
LTV	2
Loan Structure	0
Pre-sales	1
Experience	1
Development's licence	0
Macro-location	1
Micro-location	2
Purpose of the loan	0
Investment length	1
EBITDA Margin	0

EvoEstate Risk rating is of an informative nature only and can not be considered investment advice.

Project rating

Originator rating

A-

Descripton

Title of the project	Type of asset	Address of the project	Purpose and area of the parcel of land
Project "Apartment, Betonuotoju st.". To ensure the interests of investors, a 74.47 sq m apartment is pledged at Betonuotoju st. 4-11, Kaune. Exceptional architecture, high quality and organic nature - all this is combined into an exclusive project in Kaunas - Pažaislis apartments. It is a project for those looking for uniqueness, admiring nature and history, loving to live away from the hustle and bustle of the city, but close to the most important cultural sites. Kaunas Lagoon and Pažaislis Park are nearby. The infrastructure developed in the project: parking lot, children's playground, excellent access, automatic road barrier, lockable gates, video surveillance cameras. The environment is tidy, the yard is lit, there is a fountain and a gazebo in a classic style, the territory is tidy. The completion of the pledged property is 100%. The developer will use the received loan for the installation of the other two apartments. Previously, the developer financed and implemented the project "Pažaislis Apartments". The developer has already repaid the loan to investors and covered all stages of the Pažaislis Apartments project. For investors (simultaneously) more than 3,000 Eur + 1%, and from 20,000 Eur + 2% to annual interest. The property is pledged to investors by a primary mortgage. We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds. More information about the project: https://www.pazaislioapartaments.lt
Apartment, Betonuotoju st.	Residential	Betonuotoju str. 4-11, Kaunas	Daugiabučių gyvenamųjų pastatų ir bendrabučių teritorijos.
Year of construction of the object of the project	Area of the object (building)
2018	74sq.m.

Current installation of the object	Number of floors in the object (building)	Description of the site of the project	Description of repair/construction (detailed)
Water, Electricity, Heating, Sewer system	3	The property is strategically located in an industrial and residential area of the house, near T. Masiulio Street. Well-developed engineering infrastructure in the district and good communication conditions with the city center and other neighborhoods are factors that make the property attractive in terms of the development and operation of the Service Property.	External walls of brick with 20 cm. polystyrene foam insulation. Internal partitions between the apartments are double brick ceramic 12 cm blocks with a 10 cm layer of mineral wool between them. Roof: Eternit asbestos-free slate and 30 cm. Mineral wool.

To ensure the interests of investors, the Service Premises are pledged in the project "Pažaislio Apartments" in Kaunas. The completeness of the pledged property according to the data of the Center of Registers is 100%.

Object	Address	Unique nr.	Plotas (kv. m)
Apartment	Betonuotoju str. 4-11	4400-5181-9808:9011	74,47

Address of the pledged asset	Unique number of the pledged asset	Independent assessor	Value of the pledged asset by independent assessment
Betononuotoju str. 4-11, Kaunas	4400-5181-9808:9011	UAB "OBER-HAUS"	112 000 €

Type	Investment purpose	Requested amount to be funded	Investment period*
Loan	For the installation of premises	78 000 €	12 month
LTV	Time remaining	Investment repayment form	Frequency of payment of interest
70%	7 days	At the end of the period	Once per quarter
Source of payment of interest	Annual interest rate
RE sales income, rent	8,5-10,5%