We present the second stage of the phased financing project "Rykantu namai". The project funds will be allocated for the development of real estate - to continue the construction of 4-apartment houses. The amount to be raised at this stage is EUR 102 700.
About the project owner:
The project owner's company has been engaged in real estate development for 9 years. The owner has the status of a reliable developer and has experience in the construction of houses and two-apartment houses. Previously, the project owner successfully implemented 8 real estate projects on the Profitus platform and always paid interest on time and repaid loans to investors.
About the project:
The project owner is building four 154-175 sq. m residential houses at Rykantu 1, 3, 7, 9, in Vilnius. The project consists of A ++ class utility class houses with a heated floor system, 7-9 acres of yard, with an outdoor terrace. The infrastructure will be developed in the area: the road will be paved and lighting installed. The built houses will be sold for 215-239 thousand euros. The planned sales revenue of the whole project is 900-960 thousand euros. Construction work is expected to be completed by June 20, 2022.
Progress of the project:
After the first phase of the project, the owner started building 4 residential houses. At present, Rykantu st. 1 and 3 built house walls; Rykantu st. 7 and 9 - built house walls, covered roof (ceilings).
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 4 plots of land with a total area of 32.52 ares, with residential houses located at them, are pledged at Rykantu st. 1,3,7,9, Vilnius. According to an independent real estate appraiser, Ober-Haus, the value of the mortgaged property is EUR 291 000.
The maximum amount financed is EUR 400 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV - 70%. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) is currently 56%.
Interest by investment amount:
- From EUR 100 to EUR 499 - 8%
- From EUR 500 to EUR 4999 - 8,5%
- From EUR 5 000 - 9%
Important: separately made investments 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 ist eine Crowdfunding- und Investitionsplattform mit einer Mindestinvestition von 100 Euro. Profitus-Investitionen sind durch Immobilienhypotheken gesichert. Ihre Investition ist durch eine erste oder zweite Hypothek auf die Immobilie sowie durch andere Sicherheiten (z. B. eine Bürgschaft oder Garantie) gesichert. Transaktionen werden über Lemonway, einen regulierten Zahlungsdienstleister, abgewickelt.
Profitus ist eine Crowdfunding- und Investitionsplattform, deren Hauptziel es ist, Investitionen für alle verfügbar zu machen. Investitionen beginnen bei 100 Euro, und die Plattform ist 24/7 geöffnet. Investitionen sind durch die Verpfändung von Immobilien und anderen Sicherheiten (z. B. Entschädigung oder Garantie) gesichert. Verschiedene Projekte haben unterschiedliche Sicherheitsinstrumente, auf die Benutzer im Selbstbedienungsmodus für jedes Projekt zugreifen können.
Profitus berät sich mit der Bank von Litauen, um eine perfekte Einhaltung des Gesetzes sicherzustellen. Profitus arbeitet mit Lemonway, einem regulierten Zahlungsdienstleister.
