- Experienced Project Owner: Five successfully implemented projects with a total area of 519 m² are the best proof that the project owner has significant experience and has achieved excellent results.
- Equity: The developer has already invested EUR 132,232 of its own funds in the acquisition of the land, documentation and the installation of the foundations.
- Construction Progress: Construction of both objects is already nearing completion (80% completion has been reached).
- Guarantee: The company director and a natural person provide a guarantee for the entire loan amount.
Interest by investment amount:
– From 100 EUR to 299 EUR – 9.50%
– From 250 EUR to 499 EUR – 9.90%
– From 500 EUR to 999 EUR – 10.30%
– From 1 000 EUR to 2 999 EUR – 10.70%
– From 3 000 EUR to 9 999 EUR – 11.10%
– From 10 000 EUR – 11.50%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The developer will allocate the raised funds for the construction of two houses in Vilnius. The planned areas of the residential buildings are 154.23 and 88.89 m², one of which is a residential house, the other – a creative workshop. A 38 m² sauna is being built next to the residential house. The residential house with the sauna has a designated 14.15 a (ares) share of a separate-use land plot, while the creative workshop has a designated 6.17 a share of a separate-use land plot and a 3.14 a share of a land plot for shared access. The developer intends to complete both houses with full finishing.
Loan Information:
This loan will be reimbursed from the proceeds of the sale, which are expected to be EUR 764,462, and interest to investors will be paid from the project owner's operating income.
Project Progress:
The raised funds will be used to settle with investors of stages I, II, and III and for real estate development. According to the data of the Register Centre, the registered completion of the residential house is 80%, and that of the creative workshop is 82%. The actual completion of the auxiliary building – the sauna – is over 50%.
Maximum Funding Amount: EUR 460,000. The project is financed according to the current valuation of the pledged property until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will be performed, and further project financing stages will be announced and collected only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility to extend it to 30 days if the funds are not collected.
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.
