We present the third stage of the stage financing project "Darzelis Kauno raj.". The funds of the third stage will be used to continue construction work. After this financing stage, when the project reaches the maximum possible LTV - 70%, a new real estate appraisal will be performed.
The project is developing rapidly - after the first two stages of funding, about 90 percent of roofing works, plumbing on the ground floor and concrete floors. Ducts have been installed throughout the building, field engineering networks have been installed, plastering and welfare management works have been started.
The project owner is building a 1947.27 sqm of kindergarten in the Kaunas district. A 5-year lease agreement has already been signed with the tenant of the building, with the possibility of extending it for another 5 years. The registered completion of the building is 40%, cadastral measurements were made on 02/04/2021. The construction is expected to be completed in 2021. October. Once the construction work is completed and the kindergarten is rented, the project owner intends to refinance this loan with another financial institution.
In order to protect the interests of investors, an 87.93 acres plot of land is pledged and a building-kindergarten is being built in it, in Kaunas district municipality, Garliava district, Jonuciu village, Slenio str. 25. According to an independent real estate appraiser, the value of the pledged real estate to investors is EUR 617 000. The pledged real estate is under development, so the value of the pledged property is constantly increasing.
The maximum amount to be financed is EUR 1 500 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV - 70%. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) at this stage is 70%.
Interest by investment amount:
- From EUR 100 to EUR 999 - 8,5%
- From EUR 1 000 to EUR 4 999 - 9%
- From EUR 5 000 to EUR 24 999 - 9,5%
- From EUR 25 000 - 10%
Important: investments madeseparately are not aggregated.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.
About the Profitus
Profitus ist eine Crowdfunding- und Investitionsplattform mit einer Mindestinvestition von 100 Euro. Profitus-Investitionen sind durch Immobilienhypotheken gesichert. Ihre Investition ist durch eine erste oder zweite Hypothek auf die Immobilie sowie durch andere Sicherheiten (z. B. eine Bürgschaft oder Garantie) gesichert. Transaktionen werden über Lemonway, einen regulierten Zahlungsdienstleister, abgewickelt.
Profitus ist eine Crowdfunding- und Investitionsplattform, deren Hauptziel es ist, Investitionen für alle verfügbar zu machen. Investitionen beginnen bei 100 Euro, und die Plattform ist 24/7 geöffnet. Investitionen sind durch die Verpfändung von Immobilien und anderen Sicherheiten (z. B. Entschädigung oder Garantie) gesichert. Verschiedene Projekte haben unterschiedliche Sicherheitsinstrumente, auf die Benutzer im Selbstbedienungsmodus für jedes Projekt zugreifen können.
Profitus berät sich mit der Bank von Litauen, um eine perfekte Einhaltung des Gesetzes sicherzustellen. Profitus arbeitet mit Lemonway, einem regulierten Zahlungsdienstleister.
