We present a new project for investment "Butas Jaunimo st.". The mobilized funds will be allocated by the project owner for the purchase of real estate. The amount collected for the project is EUR 39 200.
The aim of the project:
The project funds will be used for the purchase of an 78.03 square meters apartment on the ground floor of a brick apartment building in Alytus. The project owner buys an apartment for EUR 65 000. The owner plans to divide this property into two parts and sell them. The estimated sales revenue is about EUR 110 000. The owner of the project will carry out repair works in the apartment, install them in a modern way with all household appliances and furniture. The proceeds of the sale will cover this loan.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, an apartment of 78.03 square meters, built in 1980, 100% finished is pledged in Alytus, at Jaunimo st. 27-1. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 56 100.
About the project owner:
The project owner has many years of experience in the field of real estate purchase, repair, sale and rental. He has implemented several projects in Vilnius, Kaunas, Kretinga, Kursenai and Prienai district.
Interest by investment amount:
- From 100 EUR to 999 EUR – 8%
- From 1000 EUR – 8,5%
Important: individual investments 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.
