- Profitable Project: A clear project plan has been developed, the cost of developing the premises has been calculated, and the projected project profit is EUR 226,940.
- Reliable Developer: The project owner PROFITUS has successfully financed 3 projects through crowdfunding, raising over EUR 800,000 from investors.
- Location: Located in the historic heart of Vilnius Old Town on Pylimo Street, the project is attractive due to its geographic location and investment prospects.
Interest by investment amount:
– From 100 EUR to 249 EUR – 8.40%
– From 250 EUR to 699 EUR – 8.70%
– From 700 EUR to 4 999 EUR – 9.00%
– From 5 000 EUR – 9.40%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
In 2019, the company acquired two adjacent premises on Pylimo Street, Vilnius. The project currently underway involves the reconstruction of these premises, dividing them into four separate spaces and creating two separate entrances. The total area of the premises for sale is 181.98 m². After all necessary renovation and fitting works, the premises will be ready for sale.
Loan Information:
This loan will be covered by the proceeds from the sale of the mortgaged property, which is estimated to be EUR 545,940. Interest to investors will be paid from the project owner's operating income.
The maximum planned project financing amount is EUR 250,000 (already raised EUR 122,100). The project is financed according to the current valuation of the mortgaged property until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be performed, and further stages of project financing will be announced and collected only if the established maximum LTV is not exceeded.
We plan to raise the required amount within 7 days with the possibility of extending it to 30 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.
