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We present the new stage of staged financing project – „P00000820-2". The funds raised will be used to refinance an existing loan. The amount to be raised at this stage is EUR 25 000.
About the project owner:
The project owner has experience in real estate. The owner has experience in the construction of a two-storey building project of 300 square metres.
Project objective:
The owner of the project is developing a one-storey, 500 square metre duplex dwelling house on two parcels of land of 0.2713 hectares. The house will be developed close to the Verkiai Regional Park. The semi-detached house will be sold with partial finishing. The estimated sales proceeds are around EUR 640 000. This loan will be covered by the proceeds of the sale of this non-clinical asset.
Project progress:
The owner of the project used the funds raised in the previous phase to partly settle the land. The developer also levelled and prepared the land, installed the electricity supply and solved the problems of obtaining the building permit, i.e. the detailed plan had to be amended.
The maximum financed amount: EUR 210 000 (EUR 25 000 already raised, after refinancing this amount, the active credit balance remains EUR 25 000). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 46%. The investment period for this phase is 11 months and the repayment date for this part of the investment is no later than 18 December 2024.
Risk category (probability of default) of this project: 10/12.
Interest by investment amount:
– From EUR 100 to EUR 499 – 12.5%
– From EUR 500 to EUR 999 – 13%
– From EUR 1 000 – 13.5%
Important: investments made separately are not aggregated and cannot be pooled.
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 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.
