We present a new stage financing project - "Ismoniu 26". The raied funds will be used for the refinancing of existing loan and the development of real estate. The amount raised at this stage is EUR 192 000.
The aim of the project:
The owner of the project will allocate part of the raised amount (EUR 142 000) to the refinancing of the existing loan, and the remaining part (EUR 50 000) to the completion of the semi-detached house until it is fully finished. All construction works of the house will be performed by the employees of UAB "Matia" and other hired employees working according to patents. The owner of the project has many years of work experience in the field of construction.
About the semi-detached house under development:
The semi-detached house has two floors. The total area of each apartment is 136 square meters. On the first floor - a vestibule, an auxiliary room and a common kitchen and living room area. On the second floor - three bedrooms, two bathrooms and a wardrobe. The apartments are expected to be sold fully furnished. Estimated sales revenue of the project is about EUR 520 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 272.1 square meter, two-story semi-detached house and an 8-acre plot of land are pledged at Ismoniu st. 26, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 360 000.
Maximum planned amount of funding for the project: EUR 250 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.
Interest by investment amount:
- From 100 EUR to 499 EUR – 9%
- From 500 EUR to 2 499 EUR – 9.5%
- From 2 500 EUR to 4 999 EUR – 10%
- From 5 000 EUR to 9 999 EUR –10.5%
- From 10 000 EUR – 11%
Important: investments made separately are not aggregated.
We plan to raise the amount within 7 days, with the option of extending it to 21 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.
