- Experienced Developer: The project owner has financing experience on the PROFITUS platform, having successfully implemented 6 projects, 5 of which have already been completed. All investors have been paid on time.
- Equity: The project owner has invested 297,975 EUR in the development works.
- Liquidity: The mortgaged real estate is liquid, 85% complete, and located in Vilnius.
- Uniqueness: The mortgaged real estate is located in "Miško panoramos" – a closed community in Vilnius with a private 2-hectare forest park.
Interest by investment amount:
– From EUR 100 to EUR 299 – 8.00%
– From EUR 300 to EUR 749 – 8.50%
– From EUR 750 to EUR 4 999 – 9.00%
– From EUR 5 000 to EUR 14 999 – 9.50%
– From EUR 15 000 – 10.00%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The working capital will be allocated to an actively developing project in Gureliai village, Panerių eldership, Vilnius district. The developer is building a residential quarter of semi-detached houses, consisting of a total of 15 semi-detached houses. The total area of the developed semi-detached houses is 3,000 m². The project owner has already purchased a land plot designated for agricultural activities, but the necessary cadastral measurements have already been initiated to change the land plot's purpose. The building permits will be obtained upon completion of the land plot's purpose change procedure.
Loan Information:
This loan will be covered by the proceeds from the sale of the mortgaged property, which is estimated to be 390,000 EUR. Interest to investors will be paid from the project owner's operating income.
We plan to raise the required amount within 7 days with the possibility of extending the term up to 30 days if the funds are not raised.
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.
