We present a new staged financing project "Butas 15 Naujosiose Santariskese", the funds of which will be used for real estate development. The amount to be raised is EUR 85 000.
About the project owner:
The project owner is engaged in projects for the purchase, installation and sale of apartments in new construction homes. The apartments are fully equipped and sold with all necessary appliances and furniture. Each apartment is designed according to its layout, the furniture is made to order, and the installation work is carried out by long-term partners, whose services are used by the project owner to implement various projects.
About the project:
The apartment is planned to be installed in 3-4 months. The estimated cost of the installation is around EUR 40 000. The fully furnished apartment will be for sale. The planned sale price of the apartment is from EUR 3 200 per square meter. The planned sales revenue of the apartment with a warehouse and a parking space is about EUR 198 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 58.91 square meters apartment with partial finishing is pledged at Dangerucio st. 29-15, Vilnius. Also pledged a 4.10 square meters pantry and a parking space. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 122 200.
Maximum planned amount of funding for the project: EUR 120 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.
Interest by investment amount:
- From EUR 100 to EUR 999 - 10%
- From EUR 1 000 to EUR 4 999 - 10,5%
- From EUR 5 000 - 11%
Important: investments made separately are not aggregated.
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.
