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14 October 2020

New apartment building in the center of Vilnius with 9,5% return on investment | Lithome

PeerBerry partner Lithome LLC offers one more attractive opportunity for you to invest in a real estate project – apartment building “Šnipiškių perspektyvos” with a 9,5% annual return on investment.

“Šnipiškių perspektyvos” project is being developed in a very attractive place in the center of Vilnius, the capital of Lithuania. 78% of the apartments are sold already.

The term offered for investment – 360 days. The offer includes a Lithome buyback guarantee.

About the project “Šnipiškių perspektyvos”

The borrower Padvariskiu Namai LLC has successfully developed many real estate projects in Lithuania since 2012. The company has extensive experience in the construction industry and building development, including apartment buildings and private houses.

This time Padvariskiu namai LLC is developing a multi-apartment house construction project of Energy Class A+ “Šnipiškių perspektyvos“, the completion of which currently is 50%. This is a project of 51 apartments (1-3 rooms) with 33 underground parking spaces. “Šnipiškių perspektyvos” is a combination of urban romance, quality, and change for active people who want to reach the shopping or business center or the old town of the capital on foot.

Project details:

Start of construction – Q2 2020, end of construction – Q2 2021;

Completion of construction works – 50%;
The total area for sale – 2 412 sq.m.;
Collateral value / planned sales revenue – 5 759 600 EUR;
Loan to value (LTV) – 37%;
Appraiser valuation – 5 508 000 EUR (OBER-HAUS LLC, 2020-01-22);
Total investment – 2 900 000 EUR;
Investment into the land plot – 620 000 EUR;
Investment into construction – 2 280 000 EUR;
Invested private capital (Padvariskiu namai LLC) – 870 000 EUR;
Invested borrowed funds (Bank loan) – 1 430 000 EUR;
Need for funding – 600 000 EUR;

The apartment project “Šnipiškių perspektyvos” developer is Lithome LLC, which is a loan originator of the project remaining amount – 600 000 Eur. This amount will be paid back to investors 2021-10-14.

More about the project https://www.snipiskiuperspektyvos.lt/.

About Lithome

Lithome has been successfully developing real estate projects in Vilnius, Lithuania for 9 years. More than 700 happy families have already settled in new homes, built by Lithome. Over 9 years, Lithome has developed different real estate projects in which living space amounts to 41,000m2. The value of developed projects is worth 55 million Eur. Lithome is one of TOP 10 largest and most reliable residential real estate developers in Vilnius.

More about Lithome – https://www.lithome.lt/en/main/

“Šnipiškių perspektyvos“ visualizations: