We present the fourth stage of the phased financing project "LOFT206". The funds raised will be used for refinancing of current loans and to get some working capital. The amount to be raised at this stage is EUR 194 300. This loan will be repaid by the company's operating income and real estate sales.
The aim of the project:
The owner of the project will use the collected amount for refinancing of current loans and development of the project. 56 separate lofts have been formed in the premises, 32 of which have already been sold. Out of the remaining part of the lofts, another 6 units are planned to be sold, the sales value of which is planned to be about EUR 591 600, and the owner of the project plans to keep and rent the remaining part of the remaining lofts (18 units). The area of each loft is about 30-38 square meters. Lofts are sold fully furnished with EUR 2 800 - 3 000 per square meter.
Progress of the project:
For the first stages, final payments were made to the seller for the pledged premises and the installation of the attics sold.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, 5 creative workshops (lofts) with a total area of 196.4 square meters are pledged at Savanoriu Avenue 206B-206, 209, 304, 305, 309, Kaunas. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 400 000.
Maximum planned amount of funding for the project: EUR 378 000. 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 999 EUR – 9%
- From 1 000 EUR to 4 999 EUR – 9.5%
- From 5 000 EUR to 9 999 EUR – 10%
- From 10 000 EUR to 29 999 EUR – 10.5%
- From 30 000 EUR to 49 999 EUR – 11,5%
- From 50 000 EUR – 12,5%
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.
