- The pooled funds will be used for real estate development;
- The mortgaged property is located in an attractive location in Vilnius, close to a forest;
- The owner of the project has developed real estate projects of approximately 519 square metres;
- Owner of the property has already invested EUR 160 000 of his own funds.
About the project owner:
Director of the company has developed different real estate projects (Markuciu st. 38 Vilnius, Svenceles st. 18C Svencele, Saltinelio st. 51 Klaipeda, Jazminu st. 22 Klaipeda).
About the project:
The developer will pool the money to build two houses in Vilnius. A building permit has already been obtained. The planned size of the dwellings is 142.27 square metres and 83.44 square metres, of which one is a dwelling house and the other is a workshop, with a 28.84 square metre sauna to be built next to the dwelling house. There is also a 14,15-acre plot for the dwelling house, a 6,17-acre plot for the workshop and a 3,14-acre plot for the shared access. The foundations of all buildings are currently registered. The construction works are scheduled to be completed in December 2024. Estimated sales proceeds of EUR 765 000. The loan will be covered by the sale proceeds and the interest to the investors will be covered by the other proceeds of the sale.
* Photos 1-6 show a visualisation of the project.
The maximum planned amount of financing for the Project: EUR 290 000. 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 has been reached, a new valuation of the property will be carried out and further rounds of financing for the Project will only be advertised and collected if the maximum LTV is not exceeded. The loan-to-value (LTV) ratio with VAT at this stage is 52%.
Interest by investment amount:
– From EUR 100 to EUR 499 – 10.5%
– From EUR 500 to EUR 999 – 11%
– From EUR 1 000 to EUR 1 999 – 11.25%
– From EUR 2 000 to EUR 9 999 – 11.5%
– From EUR 10 000 – 12%
Important: Individual investments are not aggregated and cannot be combined.
We plan to raise the amount within 7 days, with the possibility of extending it to 21 days in the event of non-collection.
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.
