- Real estate expertise: With 15 successful projects, the project owner has a deep understanding of the real estate market. Their experience and knowledge allow them to accurately assess market needs and trends,resulting in informed decisions that increase the project's chances of success.
- 58% of apartments reserved: 7 out of 12 apartments have been reserved with advance payments totaling EUR 844,365. The final sales price for these apartments is projected at EUR 3,200,439. This demonstrates the project's strong appeal to buyers and its differentiation within the market.
- Strong financial commitment to the project: The developer's investment of EUR 305,000 is a strong signal of confidence,indicating their belief in the project's success and their commitment to making every effort to ensure its success..
About the project:
T12 is a project of prestigious, exclusive and luxurious apartments developed in the central part of Kaunas. The apartment building will be developed in a very beautiful location of the city - on the slope of Totoriu Street. Thanks to the location of the plot and the position of the apartment building, the future residents will be able to enjoy both the beautiful panorama of Kaunas city and the green slope on the eastern side. A short five-minute walk will take you to Laisves Alley and a five-minute walk to Karaliaus Mindaugo Avenue. In the adjacent street, on sunny days, residents will be greeted by the Ramybes Park. The building has three floors with a ground floor (basement level) planned for commercial premises and storage units, and an attic floor planned for exclusive luxury apartments. In total, the building has twelve apartments, located on the first, second, third, and attic floors. There is also a 21-space parking lot planned on the building's ground floor.
Project objective:
The project owner has been working on this project since 2016. 6 years ago, the shareholder of the company bought a wooden three-apartment house built in 1920 and a plot of land at Totoriu st., Kaunas. During this period, he prepared the project, coordinated it with the public and the city municipality, and in December 2022 received a building permit for the construction of the apartment building. After obtaining the building permit, the project owner updated the terms and prices for the supply and production of materials and components and started the construction work.
Project progress:
According to the latest valuation conducted on August 27, 2024, the construction progress of the 12-apartment project has increased from 40% to 90%. The property value has more than quadrupled during this period, rising from EUR 1,023,000 to EUR 4,798,000 including VAT. The funds raised in this phase will be used to pay off the investors in Phase X and to continue further construction work.
Loan Information:
The project owner, having developed a multi-apartment building (12 apartments in total), will sell the units. The projected project revenue is estimated at around 6,500,000 EUR. This loan will be repaid from the sale of apartments, and interest to investors will be paid from the project owner's operating income.
The maximum financed amount: EUR 3,000,000 (Existing active portfolio EUR 1,011,187). The project is financed according to the current valuation of the collateralized property until it reaches the specified maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to 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 raise 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.
