We present a new staged financing project - "Dvibutis Egliu G23". The raised funds will be used for the final settlement of the land plots and for the development of the real estate project. The amount to be raised at this stage is EUR 25 000.
About the project owner:
The project owner has experience in real estate development. Implemented the project of one semi-detached house with an area of 300 square meters.
The aim of the project:
The owner of the project will allocate part of the raised amount (EUR 15 000) for the final settlement of land plots with a total area of 27.17 ares, and the other part for the construction of a 500-square-meter, one-story semi-detached house. The house will be developed next to Verkiu Regional Park. A building permit is currently being prepared. This loan will be repay by the proceeds of the sale of this immovable property. The expected income from the sale of a semi-detached house is about EUR 640 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, two plots of land with a total area of 27.17 ares are pledged at Egliu st. 23, Vilnius district. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 50 000.
Maximum planned amount of funding for the project: EUR 210 000. 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 EUR 100 to EUR 499 - 10.5%
- From EUR 500 to EUR 999 - 11%
- From EUR 1 000 - 11.5%
Important: investments made separately 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 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.
