- Clear and simple project: A clearly planned residential development project ensuring smooth implementation.
- Project progress: The project owner plans to complete the construction and finishing of the house and sell the fully finished property, ensuring a quick and profitable return on investment. The sale price with full finishing could be approximately 266,000 EUR excluding VAT (1,900 EUR/m² excluding VAT).
- Favorable Project Location: The project is located in the Naujoji Vilnia district of Vilnius, which demonstrates growth potential and stability. The well-developed infrastructure, proximity to essential services, and increasing demand for residential properties enhance the value of the project and its attractiveness to potential buyers.
Interest based on the size of the investment:
- From EUR 100 - 10.00% fixed annual interest.
About the Project:
The project owner is currently actively developing the project located at Šiaurės Sodų 1-oji Street 14, Vilnius. The project is being implemented on a 0.0550 ha plot, where the surrounding area is primarily made up of garden houses and residential homes, with the Dvarčionys Nature Reserve nearby. The house, according to the Land Register, is currently 61% completed, and the final project goal is to finish the construction to full completion and sell it for 266,000 EUR excluding VAT (1,900 EUR/m² excluding VAT).
Loan Information:
The loan is financed in stages. This loan will be repaid from the sale of the construction property, and the interest will be paid from the advance payment.
The maximum amount to be financed is 91,000 EUR. The project is financed according to the current collateral property valuation until the set maximum loan-to-value (LTV) ratio is reached.
The amount to be raised is planned to be collected within 7 days, with the possibility of extending up to 30 days if the funds are not raised in time.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
