We present the third stage of the phased financing project – „K. Dineikos apartamentai“. The funds raised will be used to complete construction work. The amount to be raised at this stage is EUR 50 000.
The aim of the project:
The funds raised will be used to complete construction work. This loan will be repaid from the proceeds of the sale of the real estate. Of the 84 property units formed, 64 are already reserved.
Progress of the project:
At present, the basement is fully installed in the project and partitions are being installed. Electrical installation has been installed in about 80 percent of the building, and an elevator shaft has been prepared for elevator installation and an elevator has been ordered. About 80 percent of the decor is installed, as well as the ventilated facade - frame and insulation materials. Facade tiles and steel railings for the balconies are currently being installed.
K. Dineikos apartamentai:
It is a project of 84 apartments and 3 commercial premises. Apartments from 21 to 63 square meters with loggias of 6.9 square meters. Modern and exclusive apartments located in the center of Druskininkai. In the main alley of the city - Dineika! Quiet and green area where the city center merges with nature. Great space for both quiet and active recreation, and only 50 m to Lake Druskonis. Well-developed infrastructure and extremely convenient location - the central street will allow you to reach all the most important points of Druskininkai very quickly.
About the project owner:
The project owner has experience in real estate development. Has implemented various real estate development projects with a total area of 3 780 square meters.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 3 826 square meters building-sanatorium is pledged at K.Dineikos st. 5, Druskininkai. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 2 754 000.
Maximum planned amount of funding for the project: EUR 1 300 000. 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 EUR 100 to EUR 999 - 9%
- From EUR 1 000 to EUR 19 999 - 10%
- From EUR 20 000 - 11%
Important: investments made separately are not aggregated.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising 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.
