We present a new phased financing project - "Girios butai". The raised funds will be used for the refinancing of existing loans and the development of the real estate project. The amount to be raised at this stage is EUR 100 000.
About the project owner:
The project owner has experience in real estate development. Implemented residential real estate development projects with a total area of 2 000 square meters.
The aim of the project:
The owner of the project will allocate a part of the raised amount (EUR 50 000) for the refinancing of the existing loan - for the final settlement of the building with an area of 329 square meters, in which a total of 6 apartments are formed, and the other part (EUR 50 000) - for the installation of 3 apartments. All apartments will be modernly furnished with all appliances and furniture. Currently, notarized sales contracts have been signed for 2 apartments, a preliminary contract for 1 apartment.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of the investors, three apartments with a total area of 169.2 square meters, together with the parts of the land plot belonging to them, are pledged at Girios st. 27, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 224 700.
Maximum planned amount of funding for the project: EUR 154 000. 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 100 EUR to 999 EUR – 10%
- From 1 000 EUR to 4 999 EUR – 10,5%
- From 5 000 EUR to 9 999 EUR – 11%
- From 10 000 EUR – 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.
