- Qualified Team: Company's CEO has extensive experience in renovating single-family homes and apartments (approximately 10 residential projects). Company's shareholder has extensive experience in building and selling single-family and semi-detached houses (approximately 23 residential projects).
- Specialisation: The shareholder is an experienced specialist in the construction of single-family and semi-detached houses in the Trakai-Vilnius region. Due to his long experience and accumulated knowledge, he has a good knowledge of the specifics of the area, the construction process and market prices.
- Efficient work: Construction starts as soon as planning permission is granted (likely in June) and bookings can start as soon as planning permission is granted. 85% completion is expected between September and October.
About the project:
The developer is constructing two semi-detached residential buildings at 28 and 30 Strazdu st. Vilnius. The apartments are planned to have an area of 100 m2 each. The developer will sell the apartments with partial finishing. Construction is expected to be completed in September/October 2024 and sales can commence once planning permission is granted. Estimated proceeds from the sale of the two semi-detached houses EUR 560 000. This loan will be covered from sales proceeds, and interest to investors will be paid from the project owner's operating income.
The maximum amount to be financed: EUR 440 000 (EUR 50 000 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 – 10.50%
– From EUR 250 to EUR 499 – 11.00%
– From EUR 500 to EUR 1 499 – 11.50%
– From EUR 1 500 to EUR 4 999 – 12.00%
– From EUR 5 000 – 12.50%
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.
