Project description
The current investment opportunity offers CrowdInvest investors to make a secured loan to Developer of project Barilla Apartments with with a 16% ROI. The term of investment is 23 months and the offer includes a buyback guarantee.
Funds will be used to reconstruct the object which is a 5 storey building located in old town of Vilnius. Total area of the building is 681 square metres and after reconstruction there will be 16 apartments.
As there is a limited offer of reconstructed apartments with modern and thoughtful plans, it is expected to exit from Project by end of 2023 by selling apartments to local residents and real estate agencies.
€225000
Target
16%
Expected return
23 months
Term
30 days
To invest
8.275%
€206380
Available for investment
€18620
Already funded
Loan type
Leasing
Country
ee
Date of issue
2022-01-25 19:00:00
Closing date
2024-01-25 19:00:00
Initial term
23 months
Collateral
Pledge of all rights
Collateral value
€50
Loan to value (LTV)
40%
