- Sales: Out of 21 apartments in the project, 6 have been sold, representing approximately 28.72% of the total saleable area. The average selling price per apartment is 123,700 EUR (742,200 EUR / 6 apartments).
- Experience: UAB "Sino pliusas" is an experienced and reliable construction company that offers high-quality services at competitive prices. The company has a successful track record of completing 14 projects.
- Convenience: Apartments are sold with partial or full finishes. The apartments are designed to meet the needs of a variety of buyers.
- Secure parking: The apartment building has 21 parking spaces. The parking lot is illuminated and monitored by video cameras, ensuring the safety of your vehicle both day and night.
Project Progress:
The funds raised at this stage will be used to settle payments to the investors of the II stage. The project owner will continue to finalize the project: street lighting will be installed, the surroundings will be landscaped, contractors will be paid, and apartment finishing will be completed. As the construction works in the apartment building are 100% complete, the building will be registered with the Registry Centre in its completed state by April.
Loan Information:
The developer seeks to borrow working capital to complete the construction works in the building.Upon completion of the project, the remaining 14 apartments will be sold, and the proceeds of EUR 2,666,200 will be used to repay the loan. Interest to investors will be paid from advance payments for apartments and the final sale amount.
This project is financed in stages. The maximum amount of financing: EUR 1,519,000 (EUR 1,518,999 has already been raised). The funds raised in this phase will be used to pay off the investors in Phase II. The project is financed according to the current valuation of the collateralized property 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 stages of project financing will be announced and collected only if the specified maximum LTV is not exceeded.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.
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.
