- Previous experience with stock offices: The Project Owner has already successfully developed and leased out 2 similar stock-offices: Everaus Business house and Reti Business house: https://everaus.ee/en/commercial-real-estate/everaus-commercial-building/
- Reliable Project Owner: L11 Laod OÜ belongs to group owned by Everaus Kinnisvara AS, a reliable and well-known Estonian property group.
- Suretyship: The entire loan is guaranteed by Everaus Kinnisvara AS. www.everaus.ee
- Strong collateral: The property currently generates a cashflow of EUR 24 400 monthly.
- Convenient location: The property is located near Tallinn Airport, that gives very good logistical possibilities for the tenants to distribute their products and goods and be well connected to the main aviation cargo terminal.
Interest by investment amount:
– From 100 EUR to 249 EUR – 9.80%
– From 250 EUR to 499 EUR – 10.30%
– From 500 EUR to 1 499 EUR – 10.80%
– From 1 500 EUR to 4 999 EUR – 11.30%
– From 5 000 EUR to 14 999 EUR – 11.80%
– From 15 000 EUR to 74 999 EUR – 12.30%
– From 75 000 EUR – 12.80%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The project owner seeks to acquire a warehouse-office building, the remaining part of the loan will be allocated to the company's working capital. A stock-office building at Lennuradari 11 and a neighboring land plot with a building permit at Lennuradari 11a. The developer is acquiring a cashflow generating commercial property with development opportunity in vicinity of Tallinn Airport. Three stock offices with a total net area of 2,517.7 m² are built, leased out and generating an annual rent income of EUR 292,800. The land plot has additional construction right and a building permit for another four stock offices with a net area of 4,050.9 m². Upon completion, the projected annual rent income is estimated to be at EUR 436,800.
The loan will be used for acquisition of the real estate property at Lennuradari tee 11 and Lennuradari tee 11a. The project consists of 3 cashflow generating stock offices (Lennuradari tee 11) and has a building permit for another 4 stock offices at Lennuradari tee 11a. Lennuradari tee 11 generates cashflow of EUR 24,400 monthly. The Project Owner intends to start building the remaining 4 stock offices in spring 2025.
Loan Information:
Project Owner intends to refinance Lennuradari 11 – a part of the project with existing cashflow, with a local bank. The terms are already pre-agreed. To satisfy the terms of refinancing, the Project Owner shall prove the cashflow income of at least 4 months on account and acquisition of usage permit for the operating property. The Profitus loan interest will be serviced from the generated cashflow.
Lennuradari 11a will be developed, completed and further operated by the Project Owner. Then it will be leased out and also refinanced by the bank for long-term bank loan.
This project will be financed in stages. The maximum amount of financing: EUR 2,375,000 (EUR 1,550,000 already raised). The project is currently financed according to the valuation report of the collateral property until it reaches the specified maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation report will be performed, and further stages of project financing will be announced and collected only if the specified maximum LTV is not exceeded.
We plan to gather the amount within 7 days, with the option of extending it to 30 days if we do not raise 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.
