We present a new financing project, "Butas Virsilu g. 6-39". The project owner will use the raised funds for the purchase of real estate, which will be equipped later. The amount to be taised is EUR 127 400.
About the project owner:
The project owner has experience in real estate development. Implemented different real estate development projects with a total area of 13 900 square meters.
The aim of the project:
The project funds will be used for the purchase of an apartment with an area of 63.27 square meters, built in 2022, located on the eleventh floor of a brick apartment building. Currently, according to the Registry Center, the apartment is 88% complete. The owner of the project buys an apartment with a parking space for EUR 159 563, which he intends to equip in a modern way with all household appliances and furniture. After completing these works, the apartment will be sold. Estimated sales revenue is EUR 235 000. The proceeds of the sale will repay this loan.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, an apartment of 63.27 square meters is pledged at Virsilu st. 6-39, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 182 000. In addition, the company's director Edvard Radzevic provides a guarantee for this loan.
Interest by investment amount:
- From 100 EUR to 999 EUR – 7%
- From 1 000 EUR to 2 499 EUR – 7.5%
- From 2 500 EUR to 4 999 EUR – 8%
- From 5 000 EUR to 9 999 EUR – 8.5%
- From 10 000 EUR to 14 999 EUR –9%
- From 15 000 EUR – 9.5%
Important: investments made separately are not aggregated.
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.
