- Experience: The developer has significant experience in development, reconstruction, and installation projects. The total area of the implemented projects is approximately 7,000 m², which confirms their competence and successful track record.
- Guarantee: The entire loan amount is guaranteed by two company shareholders and one individual.
- Own Contribution: The developer has already invested about 25% (74,118 EUR) of their own funds, demonstrating their commitment to the project and confidence in its success.
- Liquidity: In Kaunas, fully completed, liquid apartments in a newly built residential complex enhance the project’s attractiveness.
Interest by investment amount:
– From 100 EUR to 299 EUR – 7.50%
– From 300 EUR to 749 EUR – 7.80%
– From 750 EUR to 2 999 EUR – 8.20%
– From 3 000 EUR to 9 999 EUR – 8.60%
– From 10 000 EUR – 9.00%
Important: Individual investments are not cumulative and cannot be combined.
About the Project:
The developer seeks to refinance the loan for the successful Gruodo namai project. The pooled funds will be used to repay the remaining loan and for working capital purposes.
Loan Information:
This loan will be repaid through refinancing. In the future, the property is expected to be sold, with planned total project sales revenues amounting to 350,306 EUR excluding VAT. Interest for investors will be paid from the project owner’s operating income.
The maximum planned project financing amount is 224,600 EUR. The project is financed based on the current appraisal of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property appraisal must be conducted, and further project financing stages will be announced and collected only if the established maximum LTV is not exceeded.
We plan to raise the required amount within 7 days with the possibility of extending up to 30 days if the funds are not raised.
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.
