We present a new stage financing project - "Dvibutis Ismoniu g.". The funds raised will be used for the development of a real estate project. The amount raised at this stage is EUR 17 500.
The aim of the project:
The owner of the project is building a two-apartment house, where the foundation is currently being laid. It is planned to start masonry work with the funds received for the first stage. All construction works of the house will be performed by employees of UAB Matia and other employees working according to patents. The project owner has many years of experience in the field of construction.
About the project:
The apartment will be two floors. The total area of each apartment is 120 square meters. On the ground floor there will be an anteroom, utility room, toilet and a common living room and living area. On the second floor - three bedrooms, two bathrooms and a wardrobe. The apartments are expected to be sold with partial finishing, reaching 85 percent. completeness. The estimated sales revenue of the project is about EUR 288 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors an 8-acre plot of land is pledged at Ismoniu st., Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 25 000.
Maximum planned amount of funding for the project: EUR 100 000. 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.
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.
