- Financing: The pooled funds will be used for the construction of 4 A+ energy class apartment buildings and the refinancing of an existing loan.
- Location advantages: The project will be located in a convenient location in Vilnius - Dvarcionys, 8.7 km from the city centre. Lake Dvarcionys is just 1 km away.
- Developer: A professional in his field, he has developed over 6 000 sq. m of real estate projects in Vilnius since 2006.
- Construction schedule: The project is expected to be completed in February 2015 with 100% completion of 4 apartment buildings with an estimated income of EUR 5.07 million excluding VAT.
About the project owner:
The company was founded in 2020, the main activity of the company is real estate development, development, construction, sales. The company has developed about 12 units of single-family and semi-detached house projects in Pagiriai and Traku Voke, a block of semi-detached houses in Melekonys, a commercial building in Kalno Street, and apartment buildings in Valakampiai and Pavilnys.
About the project:
The project involves the construction of 4 multi-family (3-storey) buildings with a total floor area of 2 829 sq. m and 28 apartments on a plot of land owned by the company (from 2023). The average size of an apartment is 51.72 sq. m. 34 parking spaces (underground) are provided, as well as 17 storage spaces. The owner of the project intends to furnish the apartments with full finishing and sell them. The project plan is to sell all 28 apartments to one buyer as a rental project. At the moment there are already 2 potential buyers to buy the whole project for rent, but the preliminary contract has not been signed yet. The loan will be covered by the sales proceeds and the interest will be paid to the investors from the operating income of the project owner.
The maximum amount to be financed: EUR 3 200 000 (EUR 290 000 already raised). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 70% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded
Interest by investment amount:
– From EUR 100 to EUR 249 – 10.20%
– From EUR 250 to EUR 749 – 10.70%
– From EUR 750 to EUR 999 – 11.20%
– From EUR 1 000 to EUR 9 999 – 11.70%
– From EUR 10 000 to EUR 34 999 – 12.20%
– From EUR 35 000 – 13.00%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 21 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.
