We present the new stage of the phased financing project – „Vandentiekio butai II". The raised funds will be used to refinance the existing loan. The amount to be raised is EUR 550 000.
About the project owner:
UAB 'Victory Residential' belongs 'Victory Funds' and 'Citus Group' group which has developed various real estate projects more than 130 000 square meters in Vilnius and Kaunas.
The aim of the project:
The owner of the project has purchased 7 apartments in the 2021 V30 apartment building in Vilnius, with a total area of 307.83 square metres. It also has 5 underground parking spaces. The project owner, with the help of designers, has designed functional spaces and rooms, custom made furniture suitable for the apartments, selected and installed the necessary apartment appliances and equipment for comfortable living.
Project objective:
The project owner will use the funds raised to refinance an existing loan.
The maximum financed amount is EUR 809 550 (EUR EUR 125 710 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) at this stage is 59%.
Interest by investment amount:
- From 100 EUR to 7 499 EUR – 9%
- From 7 500 EUR to 49 999 EUR – 9,5%
- From 50 000 EUR – 10%
Important: investments made separately are not aggregated.
We plan to collect the collected amount within 7 days, with the possibility of extending it until the 21st. without fundraising.
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.
