We present the new phased financing project – „Zvalgu butai". The raised funds will be used to refinance the existing loan. The amount to be raised is EUR 329 900.
About the project owner:
UAB 'Victory Residential' belongs 'Victory Funds' and 'Citus Group'. The owner of the project has completed various construction projects in Vilnius and Kaunas, with a total area of more than 130 000 square metres.
The aim of the project:
The owner of the project has purchased 10 apartments in the „Trinapolio namai“ apartment building in Vilnius, built in 2021, with a total area of 433.45 square metres. It also has 7 underground parking spaces. All apartments are leased as of November 2022, generating a rental income stream of EUR 8 150 per month. The average monthly rental price of an apartment is EUR 815.
Project objective:
The project owner will use the funds raised to refinance an existing loan.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, 10 apartments with a total area of 433.45 square metres are pledged at Zvalgu st. 7, Vilnius, and 7 parking spaces at Trinapolio st. 3A-101, Vilnius. According to an independent real estate appraiser, the value of the real estate to be pledged to the investors is EUR 1 757 000.
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 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.
