- Experienced developer: The project owner has over 8 000 m² of experience in implementing similar projects.
- Construction progress: The construction of "Ristla Stockoffice" is progressing steadily. The foundation has already been fully completed.
- EUR 769 699 own funds contribution: This amount covers the purchase of the land plot and the construction of the foundation with comunications.
- Flexibility and profitability: The project is designed to remain profitable even if construction costs increase, ensuring positive cash flow. This flexibility enhances the project's financial resilience.
About the project:
The project owner is developing a commercial rental property called "Ristla Stockoffice". The project involves the development of a two-storey building for commercial activities with a total leasable area of 2 929.8 m², and business premises (including office space) ranging from 120 to 332 m². The target group for renting premises in the completed project is medium-sized manufacturing companies and/or investors. Estimated monthly rental income EUR 25 000.
Project progress:
The project was initiated in 2022 when the project owner purchased the land. Since the project's inception, a building permit has been obtained and the foundation with utilities has been constructed using the owner's funds. This loan will be refinanced with a long-term loan from another credit institution.
Maximum planned project financing amount: EUR 1 500 000. Please note that the project, from the next stage, will be financed based on the LTC ratio. The LTC ratio (Loan-to-cost) indicates the ratio of the loan to the total project estimate. Project financing will be provided based on the submitted construction work acceptance acts, to the general contractor's account, not exceeding the maximum LTC of 70% and the maximum loan amount. A new property valuation will not be performed between financing stages, the decision to finance is made based on the approved Construction Supervisor's work acceptance act and proof of payment of the Client's equity.
Interest by investment amount:
– From 100 EUR to 249 EUR – 9.90%
– From 250 EUR to 499 EUR – 9.40%
– From 500 EUR to 1 499 EUR – 10.90%
– From 1 500 EUR to 4 999 EUR – 11.40%
– From 5 000 EUR – 11.90%
Important: investments made separately are not accumulated.
We plan to collect the target amount within 7 days with the possibility to extend it to 30 days if the target is not reached.
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.
