15 April 2021
New apartment building in the center of Vilnius with 9,5% ROI | Lithome

PeerBerry partner Lithome LLC offers a new opportunity for you to invest in a real estate project – apartment building “Aurea Home” with a 9,5% annual return on investment.

The “Aurea Home” project is being developed in the downtown of Vilnius, the capital of Lithuania. 67% of the apartments are sold already.

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

About the project “Aurea Home” (Giedraičių str. Vilnius)

The borrower Ratoka LLC has successfully developed a different kind of real estate projects in Lithuania, since 2010. The company has a huge experience in the construction industry and building development including apartment buildings and private houses.

This time, Ratoka LLC is providing the highest standards of excellence and quality construction in a new “Aurea Home” apartment building with commercial premises, located in the rapidly developing and one of the most attractive places in the Vilnius center, with very convenient infrastructure.

Project details:

  • Collateral – pledge of all Ratoka LLC rights on present and future contracts and receivables,
  • Collateral value – 8 922 568 EUR (planned sales revenue),
  • Loan to value (LTV) – 59%,
  • Appraiser valuation – EUR 8 605 000, OBER-HAUS LLC, 2020-09-08,
  • Number of apartments – 86,
  • Number of commercial properties – 3,
  • Car parking places – 43,
  • Total area for sale – 4 290 sq.m.,
  • Total investment – EUR 5 990 000,
  • Investment into land plot – EUR 1 200 000,
  • Investment into construction – EUR 4 790 000,
  • Invested private capital (Ratoka LLC) – EUR 935 000,
  • Invested borrowed funds (Bank) – EUR 4 055 000,
  • Need for funding – EUR 1 000 000,
  • Completion of construction – 30%,
  • The end of construction – Q1 2022.

The apartment project “Aurea Home” developer is Lithome LLC, which is the loan originator of this project on PeerBerry. The loan, worth EUR 1 000 000, will be repaid to investors on April 15, 2022.

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

About Lithome

Lithome has been successfully developing real estate projects in Vilnius, Lithuania for more than 9 years. More than 1 000 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 58 000m2. The value of developed projects is worth EUR 80 million. Lithome is one of the TOP 10 largest and most reliable residential real estate developers in Vilnius.

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