We present a new financing project – „Butas Mindaugo gatveje". The project owner will use the money raised for working capital. The amount to be raised is EUR 131 100.
About the project owner:
The project owner has experience in real estate. The developer has developed more than 1 500 square metre of projects in Vilnius („Siaures st. 34", „Blindziu st. 13", „Grendaves st. 36A, 36B, 38", „Katysiu st. 5", „Dangaus st. 27F, 27L".).
About the project:
The owner of the project plans to develop two semi-detached houses at Norku street, Vilnius. The developer will pool funds for a building permit, infrastructure fees and foundation pouring. Once these works have been completed, additional funding will be sought to continue the construction of the semi-detached houses. This loan will be covered by the proceeds of the sale of the mortgaged property, which will amount to EUR 197 000 with VAT.
Interest by investment amount:
– From 100 EUR to 499 EUR – 9%
– From 500 EUR to 1 999 EUR – 9.5%
– From 2 000 EUR to 4 999 EUR – 10%
– From 5 000 EUR to 9 999 EUR – 10.5%
– From 10 000 EUR – 11%
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.
