We present the new stage of the phased financing project – „Miestelenu namai III". The owner of the project will use the pooled amount for real estate development. The amount to be raised is EUR 40 000.
About the project owner:
The project owner has experience in real estate. The owner has experience in the development of three residential projects with a total area of 240 square metres. The developer has financed the project „Sestoku butas“ on the Profitus platform. The project was successfully completed. Interest payments to investors were made on time.
About the project:
The owner of the project is developing a residential estate in Kaunas district, with a total of 10 residential houses. Each residential house will have an area of 79.99 square metres. Currently, 8 houses have already been built and registered in the Centre of Registers, of which 6 have already signed notarial sale-purchase agreements. The remaining 4 houses are still under development by the developer. The projected sales revenue for the remaining houses is EUR 460 000. This loan will be covered by the sales proceeds.
Project progress:
With the funds raised in the second phase, the owner of the project has started the construction and interior decoration of two houses. The developer will use the funds raised in this phase to continue the development of the houses and the interior finishing works.
The maximum financed amount: EUR 325 000 (EUR 194 900 already raised). 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 is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 57%.
Risk category (probability of default) of this project: 9.
Interest by investment amount:
– From EUR 100 to EUR 499 – 9.6%
– From EUR 500 to EUR 999 – 10.1%
– From EUR 1 000 to EUR 1 999 – 10.35%
– From EUR 2 000 to EUR 4 999 – 10.6%
– From EUR 5 000 to EUR 9 999 – 11.1%
– From EUR 10 000 – 11.6%
Important: Individual investments are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.
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.
