We present a new financing project "Tvenkinio namas". The raised funds will be used to refinance the existing loan. The amount to be raised is EUR 110 000.
About the project owner:
The owner of the project has 10 years of experience in the construction of residential and non-residential buildings (facade insulation, engineering, roofing).
About the project:
The project funds will be allocated to the refinancing of a loan from another credit institution. The owner of the project borrowed for the purchase of the property. The borrower plans to pay the interest from operating income, which was generated in the first half of this year by about EUR 28 000. At the end of the term, depending on the situation, the client plans to refinance all or part of the credit amount.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a residential house built in 2017, 167.15 square meters in area and a land plot of 9.62 acres are pledged at Tvenkinio st. 6, Panevezys district. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 190 000.
Interest by investment amount:
- From 100 EUR to 999 EUR – 9%
- From 1 000 EUR to 4 999 EUR – 9,5%
- From 5 000 EUR to 9 999 EUR – 10%
- From 10 000 EUR – 10,5%
Important: investments made separately are not aggregated.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising 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.
