A residential estate project is currently underway in the peaceful country of Lithuania, specifically in the charming city of Vilnius. Situated in the Vilnius district on Bitininku st., the developer has acquired 50 plots of land with the intention of constructing 43 semi-detached dwellings. Each of these semi-detached houses is planned to be 103 m2, resulting in a total project area of approximately 8,858 m2.

The owner of the project has carefully calculated the financial aspects, with a price per share set at €200. The estimated minimal return for investors is a respectable 7.5 percent, based on a property value of €100,000. The developer plans to furnish the semi-detached houses to partial completion before selling them, with the first phase of construction focusing on 12 of these homes.

With an estimated sales revenue of EUR 15,000,000 (excluding VAT), the project is rated AA+ in terms of Project Loss Risk, maintaining consistency with the previous A rating. The maximum financed amount for the project is set at EUR 5,000,000, with EUR 280,000 already raised. Financing is based on the current valuation of the collateral until it reaches a maximum loan-to-value ratio of 70% LTV.

As the project progresses, the loan will be covered by the sales proceeds, with interest paid to investors from the project owner's operating income. Future rounds of financing will only be pursued if the maximum LTV is not exceeded, ensuring a prudent and sustainable approach to the development of this residential estate in Vilnius.

Investors looking to be part of a promising real estate venture in Lithuania can consider this opportunity to contribute to the growth of a well-planned and meticulously managed project in the heart of Vilnius. With a focus on quality construction and financial stability, this development offers a chance to be part of a thriving real estate market in a picturesque European setting.