We present a new financing project – „Butas Kauno g. 30-136". The project owner will use the funds to refinance the existing loan and to complete the project „Dyguniu tak. 7". The amount to be raised is EUR 55 300.
About the project owner:
The project owner has experience in real estate. He has completed various real estate development projects with a total area of 8 000 square metres.
About the project whose loan is being refinanced:
The owner of the project has purchased 10 apartments with a total area of 393 square metres. The developer, with the help of designers, designed, custom-made furniture, selected and installed the necessary appliances and equipment for comfortable living. The apartments were rented out, generating a rental income stream of EUR 17 000 per month.
About the project under development:
The owner of the project is developing nine-bedroom and four-bedroom houses. Upon reaching 100% completion, the nine-bedroom with a total area of 442.91 square metres will be rented and the four-bedroom with a total area of 1 097 square metres will be sold. The projected rental income is EUR 4 500 per month and the sales income is EUR 400 000.
Risk category (probability of default) of this project: 8/12.
Interest by investment amount:
– From EUR 100 to EUR 499 – 10.2%
– From EUR 500 to EUR 999 – 10.7%
– From EUR 1 000 to EUR 1 999 – 10.95%
– From EUR 2 000 – 11.2%
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.
