Located in the country of Lithuania, Vilnius, "Lapino namai" is a new-build block of detached houses being developed in the "Biciuliu terasos" housing estate. The project consists of A+ and A++ energy class one-storey detached and semi-detached houses with a unified architecture and spacious land plots of 4-9 hectares for each dwelling. In total, the development is planned to house as many as 46 families. The houses are fully finished and the size of each dwelling ranges from 62 to 179 m2. Nearby there are forests, the Trakai Lakes and the castle, which can be reached by bike. The neighbourhood is located right on the Vilnius city border and the city centre is reachable within 20 minutes by car. The houses will be sold and the estimated sales income for the whole project is EUR 10 445 600.

The actual completion rate of all 9 dwellings under development is more than 70%, based on work already completed. At this stage, there are 14 plots of land remaining for the development of 12 houses: 4 single-family and 8 duplexes. On 2 plots, construction has not yet started and building permits have been obtained. The internal finishing works continue with the funds mobilised in the last phases.

Maximum amount to be financed: EUR 1 000 000 (EUR 564 010 active portfolio). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 80% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.