- Guarantee: The entire loan is guaranteed by a financially strong affiliated company, UAB "Sigmaris".
- Attractive location for buyers: The project is being developed in Vanagupe, Palanga. Real estate in Vanagupė is considered a good investment. Due to the increasing interest in this area, real estate prices here are steadily rising.
- Developed infrastructure: Although Vanagupe is a quiet resort, you will find everything you need for a comfortable stay - hotels, restaurants, cafes, shops, and entertainment centers.
Interest by investment amount:
– From 100 EUR to 499 EUR – 9.20%
– From 500 EUR to 9 999 EUR – 9.70%
– From 10 000 EUR – 10.20%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The developer intends to construct a multi-apartment building in Palanga, at 52 Vanagupes St. The developer has acquired a land plot, and the plot currently has a building permit. The building will consist of 18 apartments, 18 storage units, and 18 parking spaces. The developer plans to finish the apartments and sell them.
Loan Information:
This loan will be covered by sales revenue, which is estimated to be EUR 4,321,529 excluding VAT. Interest will be paid from the group's company income.
The maximum planned project financing amount is EUR 2,215,500. The project is financed based on the current valuation of the collateral until it reaches the specified maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be performed, and further project financing stages will be announced and collected only if the specified maximum LTV is not exceeded.
We plan to raise the required amount within 7 days, with the possibility of extending this period up to 30 days if the funds are not raised.
About the Profitus
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
