We present the second stage of the staged financing project "Gyvenamasis namas Panevezyje". The raised funds will be used for the company's working capital. With the funds of the first stage, the project owner acquired two plots of land in Dembava, Panevezys district. The amount to be raised is EUR 50 000.
The aim of the project:
The owner of the project will develop the construction of four residential houses at the address of Ozeliu St., Dembava, Panevezys district for the funds raised for the second stage. All houses under development will be 80 square meters, each with an estimated sale price of EUR 150 000. The sales revenue of the whole project will reach EUR 600 000.
About the project owner:
The project owner has experience in the field of real estate project development. Since 2002 company have developed 14 different projects (a total of 27 residential houses) with an area of 3,300 square meters.
To secure the interests of investors, real estate is pledged with a primary mortgage:
As collateral, a newly built, fully furnished, 155 square meter residential house with a 9-acre plot of land belonging to it is pledged. Mortgage property V. Alanto str. 31, Panevezys. According to an assessment by an independent real estate appraiser, the value of the property pledged to investors is 216 000 euros.
This is the last phase of the project. The maximum amount of project funding is EUR 100 000 (EUR 50 000 has already been mobilized). LTV at this stage is 47%.
The investment term is up to 10 months, at this stage the exact return date of the investment is provided on 08/09/2022.
Interest by investment amount:
- From EUR 100 to EUR 999 - 7%
- From EUR 1 000 to EUR 4 999 - 8%
- From EUR 5 000 - 9%
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.
