Request
Investment in Roussospiti Residence Phase II
Raising mezzanine financing: Construction of the Roussospiti Residence II club house in Crete
to 14%
ROI
6+
Apartments
100 000 €
Investments from
Fixed income of 12% – 14% per annum in EUR secured by a land plot and property rights.


Key metrics (Quick overview):
  • Investment amount:
    €600,000 (in stages, 4 tranches)
  • Project duration:
    14–18 months
  • Projected GDV (Revenue):
    €1,584,000
  • Security:
    Mortgage (collateral) on a 1,450 m² plot + property rights
Request
About the Project and Location "Rethymno Balcony"
The village of Roussospiti is known as the "Rethymno Balcony" due to its panoramic views of the Cretan Sea and convenient public transportation—just 7-10 minutes from Rethymno city center.

Roussospiti Residence Phase II is an exclusive club complex of six premium 2+1 apartments.


Each apartment includes:
Private heated Jacuzzi.
Private relaxation area (adjacent 160 m² plots or rooftop terraces with views).
Solar boilers and modern energy-saving systems.
Separate, isolated storage space for owners' personal belongings during rental periods.

A ready-made business model and operating standards for your development

Investment Offer and Key Performance Indicators
(KPI Table)
  • Financing Format:
    Mezzanine Construction Loan (4 phased tranches)
  • Required Funding Amount:
    600 000 €
  • Investor Return:
    12%–14% per annum (fixed rate)
  • Gross Buildable Area (GDV):
    €1,584,000 (with a conservative estimate of €3,800–€4,200/m²)
  • Term:
    14–18 months
  • Capital protection (LTV):
    Low LTV. The sale of just 3 of the 6 apartments fully covers the loan principal (€600,000)
Request

1. High equity capital and ready infrastructure

  • The land plot (1,450 m²) was fully purchased at our own expense (property documents are in the final stage of registration).
  • All central communications are connected and installed (water supply and sewerage from DEYAR).
  • A permanent fence made of natural local stone was built around the perimeter.

2. No contract risks (Developer = General Contractor)

  • Vladislav Fomin personally acts as the general contractor of the construction.
  • This project is the second phase of the already completed and successful Roussospiti Residence complex. All architectural and operational nuances of the first stage were analyzed and eliminated.

3. Tight trench control

  • The funds are disbursed in stages (4 tranches), each of which is strictly tied to the implementation of a specific schedule of construction and installation works (CEM).

4. Legal support

  • Registration of a mortgage encumbrance (pledge) on the owned land plot and property rights to the facility under construction.
Why is this project safe for investors
(Our advantages)
Financing and Construction Timeline
Tranche 1 / Start:
Groundwork, excavation, foundation.
Tranche 2 / Monolithic:
Construction of load-bearing reinforced concrete structures and masonry.
Tranche 3 / Engineering and Finishing:
Facade work, internal utilities, installation of heated jacuzzis and systems.
Tranche 4 / Finishing Touches:
Landscaping, equipment procurement, commissioning, and implementation.
Sales office
Residential Complex "Roussospiti Residence"
Opening hours: Mon–Fri, 9:00–18:00

+30 694 952 40 24
retimno15@gmail.com
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