We present the third staged financing project "Dvibutis Satrininku g." stage. The project funds will be used to continue construction work. The amount to be raised at this stage is EUR 42 000.
Progress of the project:
After the second stage, the roofing works are continued and the second floor is registered.
About the project:
In this project, one two-apartment house with a total area of 264,1 square meters is being built. Once the house is partially finished, it will be for sale. The price with incomplete partial finishing is EUR 203 000 and with full finishing is EUR 295 500. The total sales revenue of the whole project will exceed EUR 400 000. The house under construction is characterized by non-standard architecture: panoramic windows, contrasting facade decoration made of wood paneling and dark facade panels. The project is being developed in Kalnenai, just a 14-minute drive to Vilnius city center.
To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors, an unfinished two-apartment residential house and a 6.77 acres plot of land are pledged at Satrininku st. 2, Vilnius, in a quiet, private area, Kalnenai. According to an independent real estate appraiser, the value of the mortgaged property is EUR 180 600.
Funding conditions:
The maximum amount to be funded is EUR 150 000, and we have already raised EUR 49 000. The Borrower will have the right to borrow additionally in other stages, provided that it does not exceed the established maximum loan-to-value ratio (LTV). The loan-to-value ratio is currently 51%. The maximum loan-to-value ratio (LTV) is 70%.
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.
