Introducing the new financing project "Butai Horizonto G2". The project owner will use the funds raised to purchase the twin apartment building. The amount to be raised is EUR 49 600.
Objective of the project:
The project funds will be used for the purchase a twin apartment building with a partial completion of 85%, followed by the owner of the project carrying out the necessary works to bring the duplex to 100% completion. Once these works are completed, the apartments will be sold. The estimated sales income is EUR 590 000. The sale proceeds will be used to repay the loan.
To secure the interests of investors, real estate is pledged with a secondary mortgage:
To secure the interests of investors 2 land plots and 2 apartments are pledged, at Horizonto st. 2, Kaunas. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 348 000. In addition, the company manager Jonas Cizauskas provides a guarantee for this loan.
Interest by investment amount:
- From EUR 100 to EUR 499 - 12%
- From EUR 500 to EUR 999 - 12.5%
- From EUR 1 000 to EUR 4 999 - 13%
- From 5 000 - 13.5%
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.
