We present a new staged financing project – „K. Dineikos apartamentai“. The funds raised will be used to refinance an existing loan and complete construction work. The amount to be raised at this stage is EUR 1 100 000.
The aim of the project:
The project owner will use the raised amount of the first stage to refinance the existing loan. This loan will be repaid from the proceeds of the sale of the real estate. Of the 84 property units formed, 64 are already reserved, so this decision will give the project owner time to prepare the documentation for the delivery of the apartments and prepare for a notarial transaction.
Progress of the project:
At present, according to the technical design of the building, the facade of the building has been insulated, new windows of the entire building have been installed, and the loggias of the building have been completely renovated. Part of the facade of the building is already completely finished - painted with structural plaster. The layout inside the building was redesigned according to the technical design of the work and divided into separate rooms. The location of the entrance doors to the premises has been changed. Finishing of common areas has been partially renewed: walls, floors and ceilings have been renewed. Also, all the old communications of the building have been completely replaced with new ones (electricity, water supply, sewage) and according to the technical design of the work has been brought to each room in the building.
K. Dineikos apartamentai:
It is a project of 84 apartments and 3 commercial premises. Apartments from 21 to 63 square meters with loggias of 6.9 square meters. Modern and exclusive apartments located in the center of Druskininkai. In the main alley of the city - Dineika! Quiet and green area where the city center merges with nature. Great space for both quiet and active recreation, and only 50 m to Lake Druskonis. Well-developed infrastructure and extremely convenient location - the central street will allow you to reach all the most important points of Druskininkai very quickly.
About the project owner:
The project owner has experience in real estate development. Has implemented various real estate development projects with a total area of 3 780 square meters.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 3 826 square meters building-sanatorium is pledged at K.Dineikos st. 5, Druskininkai. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 2 754 000.
Maximum planned amount of funding for the project: EUR 1 300 000. 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 EUR 100 to EUR 999 - 9%
- From EUR 1 000 to EUR 19 999 - 10%
- From EUR 20 000 to EUR 99 999 - 11%
- From EUR 100 000 - 12%
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.
