Back to Profitus offerings
active
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
Apartment Latgalos st., Palanga
CrowdSpace haftet nicht für die in diesem Angebot dargestellten Inhalte. Überprüfen Sie die Informationen auf der offiziellen Website von Profitus und treffen Sie fundierte Entscheidungen auf der Grundlage Ihrer eigenen Recherchen.
  • Income-generating property: The property in Palanga is fully furnished and for rent. The apartment generates a steady income from short-term rentals.
  • Equity: The developer has invested approximately EUR 78,300 of their own funds, demonstrating personal commitment and a responsible approach to the project's success.
  • Guarantee: An additional guarantee for the entire loan amount is provided by the company's shareholder.

Interest by investment amount:
– From 100 EUR to 249 EUR – 13.00%
– From 250 EUR to 499 EUR – 13.40%
– From 500 EUR to 999 EUR – 13.80%
– From 1 000 EUR to 2 499 EUR – 14.20%
– From 2 500 EUR to 6 999 EUR – 14.60%
– From 7 000 EUR – 15.00%
Important: investments made separately are not aggregated and cannot be pooled.

About the project:
The project owner aims to refinance the current PROFITUS loan, which was granted for the acquisition of mortgaged property in Palanga. Refinancing is planned by mortgaging the property with a conditional mortgage, considering the current restrictions due to ongoing legal proceedings related to the Construction Permit. This process is projected to take up to several years. Despite the legal circumstances, the property is fully furnished, successfully rented out, and generates stable income. The legal dispute arose from inspections conducted by the State Territorial Planning and Construction Inspectorate, which identified potential violations of legal acts regulating the construction process, specifically, an alleged exceeding of the building density indicator by 20% and non-compliance with distances. This fact complicates the standard refinancing process and leads to the application of a conditional mortgage as a temporary security measure.

The condition for the entry into force of the conditional mortgage is linked to a favorable court decision.

Loan information:

This loan will be repaid upon the sale of the mortgaged property or refinancing of the loan. Planned sales revenue is EUR 220,356. Interest will be paid from short-term rental income, which is projected to be approximately EUR 20,000 per year.


Maximum planned Project financing amount: EUR 136,500. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum 1 loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation must be performed, and further Project financing stages will be announced and collected only if the set maximum LTV is not exceeded.   

 
 

We plan to raise the required amount within 7 days, with the possibility to extend it to 30 days if the funds are not collected.

Location
Latgalos st. 7, Palanga, Lithuania

About the Profitus

ECSP-Lizenz
Profitus Verifizierte Plattform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimale Investition
100 EUR
Ausgeschriebene Rücksendung
10.36%
Anleger
33,404
Zahlungsmöglichkeiten
Direct debit, Bank transfer
Gesamtfinanzierungsvolumen
126,833,230 EUR
Durchschnittliche Kreditdauer
N/A
Was bedeutet Profitus bieten?

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.

Profitus Alternativen

crowdfunding report 2023
Holen Sie sich unseren aktuellen Bericht über den europäischen Crowdfunding-Markt 2023

Unser brandneuer Bericht gibt Einblicke in den Zustand des Crowdfunding-Marktes im Allgemeinen und geht detailliert auf Finanzierungsvolumen, Profile von Geldgebern und Fundraisern, regulatorische Auswirkungen, technische Herausforderungen und mehr ein. Holen Sie sich Ihr Exemplar, es ist KOSTENLOS!