We present the fourth stage of the phased financing project "Du dvibuciai Didziojoje Rieseje". The funds of this stage will be allocated for the development of real estate. The amount to be raised is EUR 65 000.
The aim of the project:
The owner of the project has acquired 10 plots of land on which he is developing a two-apartment house project. The houses under development are 307 and 316 square meters in size. Each duplex will have a 10 acre plot of land. Construction has already begun on two plots of land on two plots of land. This loan will be covered by the proceeds of the sale of the reale estate. Estimated sales revenue for the entire project is EUR 750 000.
Progress of the project:
After the third stage of financing in the house, address Zemoji st. 36, water supply was brought, the floor was insulated, the underfloor heating system was installed, the floor was concreted, an alarm system was installed, the walls were plastered, the interior walls were plastered and the facade was covered with decorative clinker. In the house, address Zemoji st. 50, preparations are underway for the installation of windows, doors and garage doors. Windows and doors have been ordered, they will be delivered and installed in two weeks. The funds for the fourth funding phase will be used to continue construction work.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors two 10-acre land plots with 307.07 and 316.03 square meters of two-apartment residential buildings under construction are pledged, at Zemoji st. 36, 50, Didzioji Riese village, Vilnius district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 507 150.
Maximum planned amount of funding for the project: EUR 500 000. 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 100 EUR to 2 499 EUR – 8%
- From 2 500 EUR - 9%
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.
