16 July 2020 PeerBerry introduces new business partner | Real estate company SI Baltic
PeerBerry aims to provide its investors with safe and more diverse investment opportunities, so today we present to you one more real estate business partner SI Baltic – the company which successfully develops residential and commercial-administrative purpose real estate projects in Lithuania for more than 10 years.
SI Baltic is not a completely new partnership with PeerBerry. In 2018, SI Baltic had a successful partnership project with PeerBerry loan originator Lithome, when SI Baltic was in a borrower role, and Lithome listed part of the partnership project loan on the PeerBerry platform.
PeerBerry business partner SI Baltic currently offers an attractive opportunity for you to invest in the real estate project – a new Business center with a 9% annual return on investment. The term offered for investment – 360 days. The offer goes together with a SI Baltic buyback guarantee in case if the borrower delays the payments for more than 60 days.
About Business center (Kęstučio str.32, Vilnius) project
New Business center, developed by SI Baltic, is located in a prestigious place in Vilnius (Kęstučio str.32), the capital of Lithuania. It is a Class A commercial building that combines modern architectural solutions with innovative technologies.
The borrower is SIBgroup company Kimitus LLC, that has extensive experience in the construction industry and building development in Lithuania.
Details about the Business center project:
- beginning of project development: 2020,
- the total area for sale – 1 391 sq.m.
- planned sales revenue – 2 600 000 EUR
- the total investment needed for this project is 1 200 000 EUR (investment into the land plot – 400 000 EUR, investment into construction – 800 000 EUR)
- Kimitus LLC has already invested in the project 450 000 EUR
- the loan received from the bank – 550 000 EUR
- need for funding – 200 000 EUR
- completion of construction works – 65%
The loan originator of the Business center project remaining amount 200 000 EUR is SI Baltic LLC. This amount will be paid back to investors 2021-07-20.
Business center visualizations:
Current completion of the Business center:
About SI Baltic https://sibgroup.lt/
SI Baltic LLC is a mother company of SIBgroup, which unites several real estate development companies in Lithuania since 2008. The Group mainly focuses on projects in Vilnius – the capital city of Lithuania. During the past 12 years, the Group has developed more than 10 different real estate projects with an overall reach of over 10 million EUR of investments and sales volume for more than 12 million EUR.
Having 10 years of successful cooperation with minor partners, SIBgroup has built and sold over 7500 square meters of residential real estate as well as over 1000 square meters of commercial-administrative purpose real estate. The Group also takes part in land development projects.
The Group has long term goals of creating a real estate for life, focusing on the analysis of market demand and its’ changes, continuously exploring the real estate market and finding the best solutions for residential and business needs.