Embark on a lucrative investment journey with the "Hotel in Laisves aleja IV" project, presented by UAB Idile Estate Services, a group of companies with a proven track record in real estate. This venture seeks funding for Phase IV, aiming to extend the maturity of an existing loan and capitalize on the promising real estate market.
Situated in the heart of Kaunas, along the vibrant Laisves Avenue, the mortgaged property commands a strategic location in the north-eastern part of Naujamiestis. Bounded by A. Mickeviciaus, K. Donelaicio, S. Daukanto streets, and Laisves Avenue, the area is characterized by low-rise buildings hosting a myriad of commercial facilities, including retail, service, administrative, and catering establishments. The proximity to Kaunas Sobor, Kaunas Akropolis, Zalgiris Arena, and the Old Town enhances the property's appeal, providing accessibility to key attractions within a 2-kilometer radius. The fully developed social infrastructure, featuring schools, kindergartens, universities, shopping centers, and other amenities, further contributes to the attractiveness of the investment.
Demonstrating confidence in the project, the owner has already injected EUR 226,000 of personal funds and offers a personal guarantee. This substantial personal investment underscores the owner's dedication to the success of the venture.
To safeguard the interests of investors, a mortgage is placed on premises spanning 431.82 square meters, constructed in 1992, and registered with 100% completion according to the Centre of Registers. The property, located at 56-1 Laisves Avenue, serves as a tangible security measure for investors. Within three months, the project owner commits to mortgaging the leasehold interest in the land, adding an additional layer of security. Andrius Matuzas further strengthens this security by providing an additional surety for the loan.
Assets pledged to investors in the current and previous funding stages will play a crucial role in securing the project owner's obligations in subsequent financing stages. This commitment is contingent on the project owner increasing the value of the pledged property to a maximum Loan-to-Value (LTV) ratio of 75%. Investors across all stages benefit from a primary mortgage, ensuring their position in the collateral hierarchy.
Investors participating in the second and subsequent funding stages will witness the repayment of their invested funds only after settlements with investors from preceding stages. Importantly, this condition does not impact the seniority of the investor's right to the collateral or the overall collateral-to-investment ratio. Exceptions apply in case of a loan agreement termination.
Seize the opportunity to invest in the dynamic real estate landscape of Kaunas with the "Hotel in Laisves aleja IV" project. Benefit from a prime location, the owner's commitment, and robust security measures, ensuring a sound investment for the future.