We present the fourth stage of the phased financing project - ,,Antakalnio ritmas“. The raised funds will be allocated by the project owner for real estate development. The amount to be raised at this stage is EUR 66 600.
About the project:
"Antaklnio ritmas" is a new residential quarter in Vilnius, in the newly developing district Naujasis Antakalnis, designed with active people in mind, family privacy and tranquility surrounded by nature.
The aim of the project:
The project owner is developing a 20-apartment, 4-storey apartment building in Vilnius, Duburio Street. The total area of apartments is 1,186 square meters. Upon completion of construction, the apartments will be sold. The planned income from the sale of all apartments is EUR 2 134 800.
Progress of the project:
From the first stage of financing, the owner of the project completed the masonry work of the apartment building and registered it with the raised and own invested funds. They also covered the roof, installed windows, and installed the electrical installation. Currently, the water supply and sewage systems are being installed, the underfloor heating system is being installed, the walls are being plastered inside, paving stones are being laid on the territory, and the facade insulation work is continuing.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a 4-story, 20-apartment apartment building and a part of the land plot with an area of 26.5 ares are pledged at Duburio st. 10, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 1 162 810.
Maximum planned amount of funding for the project: EUR 1 100 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.
Interest by investment amount:
- From 100 EUR to 499 EUR – 8,5%
- From 500 EUR to 4 999 EUR – 9%
- From 5 000 EUR – 9,5%
Important: investments made separately are not aggregated.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise 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.
