- The pooled funds will be used for real estate development;
- The mortgaged property is located in an attractive location in Vilnius, close to a forest;
- The owner of the project has developed real estate projects of approximately 519 square metres;
- Owner of the property has already invested EUR 160 000 of his own funds.
About the project owner:
Director of the company has developed different real estate projects (Markuciu st. 38 Vilnius, Svenceles st. 18C Svencele, Saltinelio st. 51 Klaipeda, Jazminu st. 22 Klaipeda).
About the project:
The developer will pool the money to build two houses in Vilnius. A building permit has already been obtained. The planned size of the dwellings is 142.27 square metres and 83.44 square metres, of which one is a dwelling house and the other is a workshop, with a 28.84 square metre sauna to be built next to the dwelling house. There is also a 14,15-acre plot for the dwelling house, a 6,17-acre plot for the workshop and a 3,14-acre plot for the shared access. The foundations of all buildings are currently registered. The construction works are scheduled to be completed in December 2024. Estimated sales proceeds of EUR 765 000. The loan will be covered by the sale proceeds and the interest to the investors will be covered by the other proceeds of the sale.
* Photos 1-6 show a visualisation of the project.
The maximum planned amount of financing for the Project: EUR 290 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV has been reached, a new valuation of the property will be carried out and further rounds of financing for the Project will only be advertised and collected if the maximum LTV is not exceeded. The loan-to-value (LTV) ratio with VAT at this stage is 52%.
Interest by investment amount:
– From EUR 100 to EUR 499 – 10.5%
– From EUR 500 to EUR 999 – 11%
– From EUR 1 000 to EUR 1 999 – 11.25%
– From EUR 2 000 to EUR 9 999 – 11.5%
– From EUR 10 000 – 12%
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 in the event of non-collection.
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.
