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Trinapolio Street Residential House Renovation
Lithuania 
Lithuania, Vilnius
 Trinapolio Street
Offered by:
Return per year:
11.00% - 13.00%
Minimum investment
€ 200
Total value
€70,000.00
 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 price per share of €200. The estimated minimal return on investment is 11%, with the property valued at €70,000.

The owner of the project is in the process of acquiring a residential house on Trinapolio Street in Vilnius. The house has undergone extensive renovation and refurbishment, with the developer investing €150,000 initially and planning to invest an additional €55,000 in renovation works post-acquisition.

Upon completion of the renovation, the property will be rented out, with the rental agreement set to commence on July 1, 2024. The rental income is projected to be €3,800 per month, excluding VAT. The loan for this project will be repaid through refinancing or proceeds from the sale, with interest paid to investors from the developer's operating income.

The maximum amount to be financed for this project is €415,000, with €280,100 already raised. The financing is based on the current valuation of the collateral until it reaches a maximum loan-to-value ratio of 69% LTV. Once this ratio is reached, a new valuation of the property will be conducted, and further rounds of financing will only be pursued if the maximum LTV is not exceeded.