We present the new stage of staged financing project – „P00000946-13". The owner of the project will use the pooled amount to develop the property. The amount to be raised at this stage is EUR 60 900.
About the project owner:
The project owner has experience in real estate. The property owner has experience in real estate projects with a total area of approximately 15 000 square metres.
Project objective:
The owner of the project is developing a 15-apartment gated project called „Faustinos namai“. The first phase of construction consists of 3 semi-detached houses and 1 single house. More about the project here. On the Profitus platform, the project owner finances the first construction phase by mortgaging 4 plots of land with building permits on which the project is being developed. The total buildable area of the first phase is 695.75 square metres, with apartment areas of 95 - 115 square metres. The one-bedroom house has already been sold. The apartments in the semi-detached house will be sold fully finished. Estimated sales revenue of EUR 920 000 including VAT.
Project progress:
According to the data of the Centre of Registers, the apartments at Faustinos st. 13B-1, 13B-2, 13F-1 and 13F-2 are 48% complete, and the apartments at Faustinos st. 13E-1 and 13E-2 are 51% complete. The apartments are in the process of interior finishing works. The developer will use the funds raised in this phase to continue further construction works.
The maximum financed amount: EUR 700 000 (EUR 639 100 already raised). 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 62%.
Risk category (probability of default) of this project: 6/12.
Interest by investment amount:
– From EUR 100 to EUR 499 – 9.2%
– From EUR 500 to EUR 999 – 9.7%
– From EUR 1 000 to EUR 1 999 – 9.95%
– From EUR 2 000 to EUR 4 999 – 10.2%
– From EUR 5 000 – 10.7%
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.
