- The funds will be used for real estate development;
- Mortgaged real estate in the prestigious part of Vilnius - Antakalnis;
- The owner of the project has extensive experience in real estate;
- The territory of the object to be developed belongs to a garden community, but for some time now the construction of individual residential buildings has been going on intensively, the area is surrounded by a forested territory;
About the project owner:
The project owner has developed different real estate projects with a total area of more than 10 000 square metres.
Project objective:
The developer will mobilise the sum to develop a 210 square metre individual house in Vilnius. The owner of the project intends to furnish the house in a modern way with all appliances and furniture, as well as complete landscaping. After completion of these works, the house will be sold. The estimated sales income is EUR 750 000. The loan will be covered by the proceeds of the sale of the mortgaged property.
Interest based on the size of the investment:
– From EUR 100 to EUR 499 – 7.3%
– From EUR 500 to EUR 999 – 7.8%
– From EUR 1 000 to EUR 4 999 – 8.3%
– From EUR 5 000 to EUR 9 999 – 8.8%
– From 10 000 – 9.3%
Important: Individual investments are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the possibility of an extension to 21 days if the funds are not raised.
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.