We present a new project for investment "Apartamentai prie juros (secondary mortgage)". The raised funds will be used by the project owner for the purchase of real estate. The amount to be raised for the project is EUR 15 300.
About the project in which the apartment is purchased:
"J7 Berzas" quarter is a well-kept, individually adapted and team-maintained house in Monciskes. The block has a common recreation area with a sauna and a heated outdoor pool, a grill area and a dome cinema.
The aim of the project:
The project funds will be allocated for purchase of an apartment with a plot of land in Palanga. The apartment has two floors, on the first floor there is a common kitchen and living room, on the second floor there are two bedrooms. Currently, the registered completion of the apartment, according to the Center of Registers, is 85%. This loan will be repaid by short-term rental and sale proceeds or by refinancing the loan if the apartment is not sold.
To secure the interests of investors, real estate is pledged with a secondary mortgage:
To secure the interests of investors, an apartment of 48.39 square meters built in 2022 with a plot of land is pledged at Latgalos st. 9B-1, Palanga. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 153 000.
The existing primary mortgage is administered by Profitus, so all investments are protected. LTV of the whole project (primary and secondary mortgage) - 80%.
In order to operate transparently and honestly, we would like to inform you that MB "Sweet sun" shareholder are also the shareholder of UAB "Sutelktinio finansavimo platforma Profitus". We draw your attention to the fact that the project developer is directly related to UAB "Sutelktinio finansavimo platforma Profitus". We confirm that the financing of the project is carried out in accordance with the principles of transparency, impartiality, openness and equality.
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.
