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Bitininku Residential Estate Development Project
Lithuania 
Lithuania, Vilnius
 Bitininku St.
Offered by:
Return per year:
7.50% - 9.50%
Minimum investment
€ 200
Total value
€60,000.00
 Earn free shares 
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About the property

Located in the charming country of Lithuania, specifically in the city of Vilnius, this real estate investment opportunity offers a unique chance to be part of a promising project. The price per share is set at €200, with an estimated minimal return of 7.5 percent. The total value of the property is €60,000.

The owner of the project is currently working on developing a residential estate in the Vilnius district, specifically on Bitininku Street. With 50 plots of land already acquired, the plan is to build 43 semi-detached dwellings. Each flat in the semi-detached houses will be approximately 103 m2, resulting in a total project area of around 8,858 m2.

The developer's strategy involves furnishing the semi-detached houses to partial completion before putting them up for sale. The first phase of construction will focus on building 12 semi-detached houses, with an estimated sales revenue of EUR 15,000,000 excluding VAT. The loan for the project will be covered by the sales proceeds, with interest payments to investors coming from the project owner's operating income.

Currently, the maximum financed amount stands at EUR 5,000,000, with EUR 360,000 already raised. The project's financing is based on the current valuation of the collateral until it reaches a loan-to-value ratio of 70% LTV. Once this ratio is reached, a new property valuation will be conducted, and further rounds of financing will only proceed if the maximum LTV is not exceeded.