- Reliable Developer: Successfully completed 3 projects together with PROFITUS, returning over 1.7 million EUR to investors
- Liquidity: The mortgaged real estate is liquid, 100% complete, and located in Vilnius.
- Guarantee: An guarantee surety for the full amount of the loan is provided by the company's shareholder.
Interest by investment amount:
– From 100 EUR to 499 EUR – 8.50%
– From 500 EUR to 3 499 EUR – 9.00%
– From 3 500 EUR – 9.50%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The pooled funds will be used to refinance an existing loan, due to the lower cost of borrowing. The project owner will renovate the mortgaged cottage at Petesos st. 25-1, Vilnius, using its own funds and sell it.
Loan Information:
This loan will be covered by the proceeds from the sale of the mortgaged real estate, which is estimated to be 650,000 EUR, 2,287.44 EUR/m² excluding VAT. Interest to investors will be paid from the project owner's operating income.
Maximum Planned Project Financing: 273,000 EUR. The project is financed based on the current valuation of the mortgaged property until it reaches the set maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation must be carried out, and further stages of project financing will be announced and collected only if the set maximum LTV is not exceeded.
We plan to raise the required amount within 7 days with the possibility of extending the term 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.
