- A clear and calculated business model: The business plan covers acquisition, renovation, leasing and final sale. Estimated sales revenue of EUR 645 000.
- Purchase guarantee: The project owner has an agreement on the resale of the premises, so there is less risk that the purchase of the house may not go through.
- Proximity to nature: The River Neris is just 400 m away, which gives you a feeling of tranquillity and cosiness, as well as allowing you to enjoy the beauty of nature and active leisure activities.
About the project:
The owner of the project is acquiring a residential house in Trinapolio Street, Vilnius. The house has been renovated and refurbished and the developer has invested EUR 150 000 and will invest a further EUR 55 000 in renovation works after the acquisition. Once the house has been fully renovated, it will be rented out, with the rental agreement coming into force on 2024-07-01, and will generate a rental income of EUR 3 800 per month excluding VAT. This loan will be repaid either by refinancing or from the proceeds of the sale, while interest will be paid to the investors from the developer's operating income.
The maximum amount to be financed: EUR 415 000. The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 69% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded
Interest by investment amount:
– From 100 EUR to 249 EUR – 10.50%
– From 250 EUR to 699 EUR – 10.80%
– From 700 EUR to 2 999 EUR – 11.20%
– From 3 000 EUR to 9 999 EUR – 11.60%
– From 10 000 EUR to 29 999 EUR – 12.00%
– From 30 000 EUR to 49 999 EUR – 12.50%
– From 50 000 EUR – 13.00%
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 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.
