We present the third stage of the stage financing project "Darzelis Kauno raj.". The funds of the third stage will be used to continue construction work. After this financing stage, when the project reaches the maximum possible LTV - 70%, a new real estate appraisal will be performed.
The project is developing rapidly - after the first two stages of funding, about 90 percent of roofing works, plumbing on the ground floor and concrete floors. Ducts have been installed throughout the building, field engineering networks have been installed, plastering and welfare management works have been started.
The project owner is building a 1947.27 sqm of kindergarten in the Kaunas district. A 5-year lease agreement has already been signed with the tenant of the building, with the possibility of extending it for another 5 years. The registered completion of the building is 40%, cadastral measurements were made on 02/04/2021. The construction is expected to be completed in 2021. October. Once the construction work is completed and the kindergarten is rented, the project owner intends to refinance this loan with another financial institution.
In order to protect the interests of investors, an 87.93 acres plot of land is pledged and a building-kindergarten is being built in it, in Kaunas district municipality, Garliava district, Jonuciu village, Slenio str. 25. According to an independent real estate appraiser, the value of the pledged real estate to investors is EUR 617 000. The pledged real estate is under development, so the value of the pledged property is constantly increasing.
The maximum amount to be financed is EUR 1 500 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV - 70%. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) at this stage is 70%.
Interest by investment amount:
- From EUR 100 to EUR 999 - 8,5%
- From EUR 1 000 to EUR 4 999 - 9%
- From EUR 5 000 to EUR 24 999 - 9,5%
- From EUR 25 000 - 10%
Important: investments madeseparately 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 est une plateforme de crowdfunding et d’investissement avec un investissement minimum de 100 euros. Les investissements Profitus sont garantis par des hypothèques immobilières. Votre investissement est sécurisé par une première ou une deuxième hypothèque sur la propriété, ainsi que par d’autres garanties (par exemple, une caution ou une garantie). Les transactions sont gérées par Lemonway, un fournisseur de services de paiement réglementé.
Profitus est une plateforme de crowdfunding et d’investissement dont le principal objectif est de rendre l’investissement accessible à tous. Les investissements commencent à 100 euros, et la plateforme est ouverte 24/7. Les investissements sont garantis par la mise en gage de biens immobiliers et d’autres garanties (par exemple, une indemnité ou une garantie). Différents projets ont différents outils de sécurité auxquels les utilisateurs peuvent accéder en libre-service pour chaque projet.
Profitus consulte la Banque de Lituanie afin d’assurer une conformité parfaite avec la loi. Profitus fonctionne avec Lemonway, un fournisseur de services de paiement réglementé.
