- Project Owner Experience: With over 50 residential projects under their belt, the developer boasts deep knowledge of market trends, construction processes, and efficient project management.
- Construction works are already at an advanced stage in both residential buildings: Buildings are insulated, roofs are finished, windows are installed, floors are poured, and electrical and plumbing systems are installed.
- Equity contribution: The project owner has contributed their own capital to the project, investing 149,260 EUR in development works. This represents approximately 48% of the total project financing.
About the Project Owner:
The project owner has successfully completed a development project located at Pagubes Sodu 2-oji st. 27, Vilnius, with an expanded project area of 79.90 m². The project owner's company group, MB "Insta projektai," has financed two projects on the PROFITUS platform ("Apartment on Seskines st." and "Apartment on Simulionio st.").All investments, along with earned interest, were returned to investors on time.
About the Project:
The project owner is constructing two garden houses located at Akaciju Street 10 and 12, Trakai District Municipality. According to the Centre of Registers, the construction works are 76% complete. Both houses will be fully furnished, including appliances and furniture, and subsequently sold. The projected sales revenue is 399,600 EUR including VAT. The project development will be financed through a loan, which will be repaid from the proceeds of the sale. The interest to be paid to investors will come from the project owner's profit from other activities.
Maximum amount to be financed: EUR 150,500. 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 58% 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 EUR 100 to EUR 249 – 9.30%
– From EUR 250 to EUR 499 – 9.80%
– From EUR 500 to EUR 1 499 – 10.30%
– From EUR 1 500 to EUR 4 999 – 10.80%
– From EUR 5 000 – 11.30%
Important: investments made separately are not aggregated and cannot be pooled.
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 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.
