We are introducing a new phase financing project „Dyguniu tak. 7.", project owner will use the funds for real estate development and to refinance current loans. The amount to be raised is EUR 273 000.
About the project owner:
The project owner has experience in real estate development. In many cases, the project owner agrees to implement non-standard solutions in projects.
The aim of the project:
The project owner will used the funds raised for development of the building with four apartments and the building with nine apartments and to cover existing financial commitments. Upon reaching 100% completion, building with nine apartments with a total area of 442.91 square metres will be rented and the building with four apartments with a total area of 129 square metres will be sold. The projected rental income is EUR 4 500 per month and the projected sales income is EUR 400 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of investors, a dwelling house of 442.91 square metres, an outbuilding (soon to be changed to residential use) of 1 097 cubic metres and a plot of land of 13.3 acres are pledged at Dyguniu tak. 7, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is currently EUR 455 000.
The maximum planned amount of funding for the project is EUR 500 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will be carried out, and the further stages of financing the Project will be announced and collected only if the set maximum LTV is not exceeded.
Interest by investment amount:
- From EUR 100 to EUR 499 – 9%
- From EUR 500 to EUR 1 499 – 9.5%
- From EUR 1 500 to EUR 2 999 – 10%
- From EUR 3 000 to EUR 7 999 – 10.5%
- From EUR 8 000 – 11%
Important: Individual investments are not aggregated and cannot be combined.
We plan to raise the amount within 7 days, with the possibility of extending it to 21 days if the funds are not raised.
| Financial information | |
| Number of rented apartments | 9 pcs. |
| Monthly rental income per apartment | EUR 500 |
| Rental income per month for all apartments | EUR 4 500 |
| Rental income for all apartments per year | EUR 54 000 |
| Quantity of flats for sale | 4 pcs. |
| Income from sale of apartments | EUR 400 000 |
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.
