We present the third stage of the phased financing project "Dvibutis Norku g.". The raised funds will be used for the development of the RE project. The amount to be raised at this stage is EUR 84 000.
About the borrower:
The developer has a lot of experience, having developed about 4 thousand square meters (as a manager) and about 6 thousand square meters of real estate projects under the company's name. The developer previously received financing on the Profitus platform and has completed 2 real estate projects. Projects were successfully finished.
The aim of the project:
The owner of the project is developing a 315.26 square meter, A++ energy class semi-detached house. Apartments in semi-detached house have an area of 113 square meters, of which 50 square meters is a garage. Currently, according to the Registry Center, the semi-detached house is registered as completed - 45%. The semi-detached house will be sold partially or fully furnished. The planned sales revenue of the project is about EUR 533 000.
Progress of the project:
Since the first financing stage, the owner of the project has installed wastewater treatment facilities, post-winter rain collection wells, a water well and an electrical outlet. He also insulated the roof and floor of the semi-detached house, laid out the recuperator ducts, installed garage doors, outdoor terraces, installed internal partitions, covered the house with clinker, installed electrical installations, laid pavers and fenced the plot of land. Raised the value of the house from EUR 451 000 to EUR 571 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a semi-detached house with an area of 315.26 square meters, energy class A++ and a plot of land with an area of 7.4 acres are pledged at Norku st. 18, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 571 000.
Maximum planned amount of funding for the project: EUR 400 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.
Interest by investment amount:
- From 100 EUR to 499 EUR – 9,5%
- From 500 EUR to 2 999 EUR – 10%
- From 3 000 EUR to 10 000 EUR – 10,5%
- From 10 000 EUR – 11%
separately 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.
