We present the new financing project – „P00001184". The pooled funds will be used to refinance the loan for the J7 project being developed in Palanga. The amount to be raised is EUR 173 000.
About the project owner:
In 2022, UAB „Ritata" successfully implemented the J7 Berzas real estate project on the Profitus platform. In almost four months, the Profitus investor community raised EUR 2 973 000 for the project and investors earned EUR 180 000.
Project objective:
The project owner will use the funds raised to refinance the loan for the second construction phase of the J7 project. The phase consists of 10 identical semi-detached houses, each with 48.75 square metres of apartments. The total investment in the development of this phase is planned to be around EUR 2 000 000 and the apartments are to be sold for EUR 145 000 each. At present, 5 preliminary sales contracts have been signed for a total value of EUR 725 000. The total sales revenue for the second phase of the development is estimated at EUR 2 900 000. More information about the project can be found here.
Interest by investment amount:
– From EUR 100 to EUR 499 – 12.5%
– From EUR 500 to EUR 1 499 – 13%
– From EUR 1 500 to 2 999 – 13.25%
– From EUR 3 000 – 13.5%
Important: Individual investments are not aggregated and cannot be combined.
We expect to raise the amount within 7 days, with the possibility of extending it to 21 days if the funds are not raised.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
