Nuevo proyecto en CROWDPEAR:About the projectThe real estate developer MB "iCUB" is developing a block of ten two-apartment residential houses in the Vilnius suburb of Didžioji Riešė, (15 km from the center of Vilnius). 307 m2 and 322 m2 houses are under construction. Each two-room apartment owns ~ 5-acre plots of land. The project is being developed successfully, 3 duplex houses have already been built and are ready for sale. The construction work of two more houses is progressing rapidly. Currently, three apartments have already been sold.MB "iCUB" borrows funds to accelerate the project's development. Investors are pledged one of the project's assets under development - a 322 m2 house, the registered completion of which is 59%, and 10 acres plot of land belonging to it at the address Žemoji st. 44, Didžioji Riešė, Vilnius district. The funding of the project will be carried out in several stages. The company borrows EUR 70 000 (LTV 18%) during the first phase.The owners of the MB "iCUB" have accumulated experience in implementing different real estate development projects with a total area of more than 10 000 square meters.Offer for investors🔘 annual interest rate: 10.5% - 11,5% (depending on the additional interest applied to the client),🔘 interest payment frequency: quarterly,🔘 investment duration: 12 months,🔘 repayment of the investment: after the end of the contract,🔘 LTV: 18%,🔘 project rating: C,🔘 funding amount – EUR 70 000,🔘 collateral value: EUR 398 000,🔘 collateral: primary mortgage.View project detailsAdditional benefits for Crowdpear investors🔘 On Crowdpear, the interest starts to be calculated from the first day of investment. It is a great advantage for our investors because, in the market (on other crowdfunding platforms), the interest starts to be calculated only the day after the entire loan is collected.🔘 +0,5% welcome bonusAdditional +0.5% interest (welcome bonus) applies to all your investments made within 90 days of registration.🔘 Up to 1% loyalty interestDepending on the size of your investment portfolio, you are granted loyalty status and up to 1% higher interest. Read more about Crowdpear Loyalty Program.🔘 Referral programInvite your friends to invest at least EUR 300 in CROWDPEAR, and you and your friends will receive a EUR 15 bonus each. The more friends you invite, the more bonuses you get. See full terms and conditions.With warmest wishes,Your Crowdpear team
