We present a new financing project "Du namai Baltuose". The raised amount will be used to cover existing financial commitments. The amount raised is EUR 160 000.
About the project:
"Du namai Baltuose" is a part of Baltai, a newly built residential quarter located on the outskirts of Vilnius. This project finances 2 houses with a purpose of 6 months period will be changed to residential. Currently, both buildings (which consist of 7 outbuildings) have been completed to full finish, with 100% completion. Each house has a plot of land of 8.71-8.69 acres. After the change of purpose, notarial sales contracts will be signed.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 2 plots of land with a total area of 17.4 acres with 7 farm buildings are pledged. Pledged land plots with fully equipped, farm buildings, in Vilnius, Zubiskiu st. 135 and 129. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 240 200. The loan-to-value ratio (LTV) is 67%.
The project is located in a quiet and surrounded by nature, away from the city center, but in an infrastructurally convenient location. 19 km to Vilnius city center, 10 km to Trakai.
Interest by investment amount:
- From 100 EUR to 4 999 EUR – 8,5%
- From 5000 EUR – 9,5%
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.
