08 June 2021
New apartment building in 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 “Didlaukio3” with a 9,5% annual return on investment.

The “Didlaukio3” project is being developed in Vilnius, the capital of Lithuania. 30% of 1-4 room apartments are sold already.

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

About the project “Didlaukio3(Didlaukio str.3, Vilnius)

City life, a nearby parks, the proximity of nature, and living in comfort are all parts of the new apartment project in Baltupiai, a very attractive district of Vilnius. Everything in this popular area is just around the corner: the city centre is reachable just in 10 minutes, Cedrono Pond, Jomanto Park, Ozo Park, various entertainment and leisure complexes, and everything else that one might need on a daily basis.

The borrower Balsiai Plius 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, Balsiai Plius LLC is providing the highest standards of excellence and quality construction in a new “Didlaukio3” real estate project.

Project details:

  • Collateral – pledge of all Balsiai Plius LLC rights on present and future contracts and receivables
  • Collateral value – EUR 5 800 000 planned sales revenue
  • Loan to value (LTV) – 64%
  • Appraiser valuation – EUR 6 112 000, OBER-HAUS LLC, 2021-02-23
  • Number of apartments – 57
  • Car parking places – 47
  • Total area for sale – 3 008 sq.m.
  • Total investment – EUR 4 005 000
  • Investment into land plot – EUR 546 000
  • Investment into construction – EUR 3 459 000
  • Invested private capital (Balsiai Plius LLC) – EUR 105 000
  • Invested borrowed funds (Bank) – EUR 2 900 000
  • Need for funding – EUR 1 000 000
  • Completion of construction works – 7%
  • The end of construction – Q1 2022

The apartment project “Didlaukio3” 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 June 8, 2022.

More about the project https://www.didlaukio3.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/.