We present the tenth stage of the project "Bendoriu panoramos". The money raised will be used for the development of the RE project. The amount to raised at this stage is EUR 89 600.
The aim of the project:
The project owner is developing 5 single-family houses on 5 plots of land with a total area of 52.36 acres. The area of four houses is 185 square meters each, and the area of the fifth house is 174 square meters. The planned completion of construction works is 2023 I quarter. The planned income from the sale of all houses is EUR 1 460 000. Currently, the house at Zirgyno st. 13A has already been sold.
Progress of the project:
Currently, the plots of land in Zirgyno str. 9, 11 and 13 are built and registered houses. In the near future, registration and evaluation of the house, at Zirgyno st. 7. The owner of the project completed most of the construction work by winter, built and registered all the houses, except for the house under construction on land plot, at Zirgyno st. 7. During the winter, the construction and installation of the indoor premises will be carried out.
To ensure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 3 registered houses and 4 plots of land are pledged at Zirgyno str. 7, 9, 11, 13 Vilnius district. As soon as the house is registered, it will be secured by a primary mortgage. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 678 800.
The maximum amount we finance for the project is EUR 990 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out and the further stages of financing of the Project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-mortgage value ratio (LTV) at this stage is 70%.
Interest by investment amount:
- From EUR 100 to EUR 999 - 10.5%
- From EUR 1 000 to EUR 4 999 - 11%
- From EUR 5 000 to EUR 9 999 -11.5%
- From EUR 10 000 - 12%
Important: individual investments are not cumulative.
We plan to collect the collected amount within 7 days with the possibility of extending it until the 21st. without fundraising.
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.
