- Extensive developer experience: The developer has 5 years of experience in the real estate sector and has developed 8 residential real estate objects with a total area of 3,200 m².
- Attractiveness of the property to buyers: The collateralized and sold property is located in Palanga, 1.5 km from the Baltic Sea, the project environment has fully developed infrastructure, which increases the property's attractiveness to buyers.
- Liquid collateral: The collateral property is 100% complete and located in an attractive part of Palanga, Hipodromo st.
About the project:
The developer will allocate the collected amount to the further development of the project located at Lygioji st. 11/ Ilgoji st. 60A in Palanga. Access to the property is via paved city streets. Developed engineering infrastructure. In terms of transport, the property is located in an attractive location - public transport connections with other parts of the city are good. The estimated selling price per 1 m² with partial finishing is about 2,000 EUR/m², the total estimated selling price of the entire project could reach - 1,440,000 EUR including VAT.
Project progress:
Currently, the project, for which the funds will be allocated, is under construction of 8 cottages, of which 4 have already been built, 4 are under construction and 2 notarial sales contracts have already been signed. In total, 720 m² of usable area will be equipped.
Loan information:
This loan will be covered by the proceeds from the sale of the mortgaged property. The planned selling price is about 550,000 EUR including VAT. This project is financed in stages.
The maximum amount of financing: 330,000 EUR (EUR 250,000 already raised). The project is financed according to the current valuation of the collateral until it reaches the set maximum loan-to-value ratio (LTV). Upon reaching the maximum LTV, a new property valuation will have to be carried out and further stages of project financing will be announced and collected only if the set maximum LTV is not exceeded.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise 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.
