Introducing the new funding project "Latgalos apartamentai". The project owner will use the funds raised for refinancing of existing loan. The amount to be raised is EUR 126 000.
The aim of the project:
The project funds will be allocated for refinancing of current loan. The pleged apartment has two floors, on the first floor there is a common kitchen and living room, on the second floor there are two bedrooms. Currently, the registered completion of the apartment, according to the Center of Registers, is 100%. This loan will be repaid by short-term rental and sale proceeds or by refinancing the loan if the apartment is not sold.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, an apartment of 48.39 square meters built in 2022 with a plot of land is pledged at Latgalos st. 9B-1, Palanga. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 180 000.
Interest by investment amount:
- From EUR 100 to EUR 499 – 9.5%
- From EUR 500 to EUR 1 999 – 10%
- From EUR 2 000 – 10.5%
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.
| Short term rent | ||||||||
| Price per night with VAT, EUR | Price per night without VAT, EUR | Days | Employment | 2023, EUR | 2024, EUR | 2025, EUR | 2026, EUR | |
| January | 150 | 124 | 31 | 0% | 0 | 0 | 0 | 0 |
| February | 150 | 124 | 28 | 10% | 347 | 347 | 347 | 347 |
| March | 150 | 124 | 31 | 10% | 384 | 384 | 384 | 384 |
| April | 150 | 124 | 30 | 10% | 372 | 372 | 372 | 372 |
| May | 150 | 124 | 31 | 25% | 961 | 961 | 961 | 961 |
| June | 150 | 124 | 30 | 50% | 1860 | 1860 | 1860 | 1860 |
| July | 250 | 207 | 31 | 100% | 6405 | 6405 | 6405 | 6405 |
| August | 250 | 207 | 31 | 100% | 6405 | 6405 | 6405 | 6405 |
| September | 150 | 124 | 30 | 40% | 1488 | 1488 | 1488 | 1488 |
| October | 150 | 124 | 31 | 25% | 961 | 961 | 961 | 961 |
| November | 150 | 124 | 30 | 10% | 372 | 372 | 372 | 372 |
| December | 150 | 124 | 31 | 10% | 384 | 384 | 384 | 384 |
| ALL: | 19938 | 19938 | 19938 | 19938 | ||||
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
