We present a new financing project "Sestoku butas". The taised amount will be used for real estate development. This loan will be repaid from the proceeds of the sale of the real estate. The amount to be raised is EUR 85 400.
About the project owner:
The project owner has experience in the real estate development business. Has developed three residential projects with a total area of 240 square meters. He also has 10 years of experience in interior decoration.
The aim of the project:
The project owner is developing 6 semi-detached houses project near Kaunas. The area of each semi-detached house apartment will be 80 square meters. Currently, 3 tsemi-detached houses have already been built in the project, for which preliminary purchase and sale agreements for EUR 510 000 have already been signed. The rasied amount will be used to complete the construction of 3 semi-detached houses up to 100%. The estimated sales revenue for the entire project is EUR 1 056 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a fully equipped apartment with a total area of 53.06 square meters, with common areas belonging to it: a-2 (1/14 of 18.36 sq.m.), a-3 (1/14 of 17.59 sq.m.) .m.), a-4 (1/14 of 9.85 sq.m.), a-5 (1/14 of 4.43 sq.m.), a-6 (1/14 of 20.42 sq.m.) are pledged at Sestoku st. 45B-10, Kaunas. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 122 000.
Interest by investment amount:
- From 100 EUR to 999 EUR – 10%
- From 1 000 EUR to 2 999 EUR – 10,5%
- From 3 000 EUR – 11%
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.
