We present a new project for investment, "Studentu butai". The project owner will use the raised funds for the refinancing of existing loan and for the development of real estate. The amount to be raised for the project is EUR 124 600.
About the project owner:
The project owner's group has experience in real estate development. Implemented different real estate development projects with a total area of about 1 500 square meters.
The aim of the project:
The owner of the project will allocate a part of the raised funds to the refinancing of the available loan, and the other to the construction of apartments of 31.45 and 31.36 square meters, on the ground floor of a brick apartment building in Vilnius, and maintenance of the common rooms on the basement floor, which belong to the company of the developer group. The apartments will be sold after the installation work is completed. The expected income from the sale of two apartments is EUR 189 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 31.45 and 31.36 square meter apartments, built in 1962 (renovated in 2022) are pledged, at Studentu st. 41-7 and 41-6, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 178 000.
Interest by investment amount:
- From 100 EUR to 499 EUR – 9,5%
- From 500 EUR to 2 499 EUR – 10%
- From 2 500 EUR to 4 999 EUR – 10,5%
- From 5 000 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.
