19 September 2020
SI Baltic offers to invest in a commercial real estate project | 9,5% ROI
PeerBerry’s business partner, real estate development company SI Baltic, invites investors to invest in a commercial real estate project in Vilnius, the capital of Lithuania.
The project of a commercial building is being developed in the suburb of Vilnius, in the Tarandė district of individual houses. Due to good road infrastructure with the city center and main exits to other major Lithuanian cities, this district is attractive for the development of commercial facilities.
SI Baltic subsidiary Gobelita LLC has already acquired a plot of land worth EUR 177,000 for the construction of a commercial building by investing its own funds. Currently, a building project is being developed and the necessary infrastructure for construction is being prepared on the land plot.
It is planned to invest EUR 200,000 at this stage of real estate development. The amount in which SI Baltic offers to invest on PeerBerry is EUR 100,000. The annual return on investment in this real estate project is 9.5%. 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 a commercial building project (Avižienių str. 4, Vilnius, Lithuania)
The borrower is SIBgroup company Gobelita LLC, that has extensive experience in the construction industry and building development in Lithuania.
Details about the commercial building project:
- Private capital invested in land plod by Gobelita LLC – 177 000 EUR
- Collateral – pledge of all Gobelita LLC rights on present and future contracts and receivables
- Estimated total project investments (land plod and construction) – 900 000 EUR
- Estimated sales (market value) when completed – 1 300 000 Eur
- Loan to value (LTV) – 57%
- The total area of a land plod – 1 720 sq.m.
- Commercial building area – 1 500 sq. m.
- Parking lot area – 500 sq. m.
- Need for funding – 200 000 EUR
- Date of loan issue – 2020-09-18
- Closing date – 2021-09-18
- Initial term – 360 days
Construction of the commercial building will start in Q1 2021. The planned completion of construction is Q3 2022.
Commercial building development location (land plot) in the city:
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.