- A+ energy class apartments in Antakalnis: Attractive project under development, with terraces, forest views and a private yard.
- Construction schedule: The project is expected to be completed in February 2015 and is planned to be completed in 2020 with 100% completion of 12 apartments with a sales revenue of EUR 1 885 000 excluding VAT.
- Prestige and status: Antakalnis is one of the most prestigious districts of Vilnius, traditionally considered the choice of the Vilnius elite.
- Infrastructure and development: The constant development of infrastructure, the construction of new schools, kindergartens and shopping centres further increases the attractiveness and real estate value of Antakalnis.
About the project owner:
The owner of the project has developed different real estate projects in Vilnius ("Traku slenis", "Cepkeliu st. 15 a", "Jogailos st. 11“, "Basanaviciaus st. 41“, "Gedimino st. 48-20“).
Project objective:
The project owner has purchased a residential building at Nugaletoju st. 5A, Vilnius. The house is to be divided into 12 separate property units (apartments) with an area of 30-70 m². The apartments will be furnished by the developer and sold fully finished with all appliances and furniture. This loan will be covered by the proceeds of the sale and the interest will be paid to the investors out of the project owner's operating income.
Progress of the project:
The project owner has purchased a residential house with the funds raised in the last stages. The funds raised in this phase will be used for the development of the property.
Maximum planned amount of funding for the Project: EUR 876 162 (EUR 624 000 already raised). Please note that funding will be based on the LTC indicator. The LTC indicator (Loan-to-cost) refers to the ratio between the loan and the total project cost. The project will be financed on the basis of the submitted acceptance of the construction works, to the account of the general contractor, within the maximum LTC of 65% and the maximum loan amount. No additional reassessment of the property will be carried out between the financing phases and the financing decision will be based on the certified acceptance of the works by the Construction Superintendent and the Client's evidence of payment of the equity share.
Interest by investment amount:
– From EUR 100 to EUR 199 – 8.00%
– From EUR 200 to EUR 499 – 8.50%
– From EUR 500 to EUR 999 – 9.00%
– From EUR 1 000 to EUR 3 499 – 9.50%
– From EUR 3 500 – 10.00%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 30 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.
