How we funded a 55-unit new residential development in Klaipėda, Lithuania

The borrower: Local Lithuanian real estate borrower Klaipėdos loftai has over 10 years of experience building new-developments and redeveloping existing ones. 

The development: The development consists of a three-story building featuring a total of 55 loft-style apartments, with a total gross development value of €5 000 000.

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The Residential Property Market in Lithuania – An overview

General Economic Outlook for Lithuania

The year 2018 was quite successful for the Lithuanian economy – gross domestic product (GDP) increased by 3,5%. Although export growth slowed down, domestic demand grew faster, with both household consumption and investments picking up.

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