We present fifth phase of financing project "Namai Moluvenu g.", the funds of which will be allocated to the development of real estate. The amount to be raised at this stage is EUR 38 400.
About the project:
The owner of the project will develop the construction of 3 semi-detached houses, a total of 6 apartments, on the purchased plots of land. Apartments in semi-detached houses will have an area of 127 square meters, A+ energy class and two stories. Each apartment will own a 3.3-acre plot of land. Semi-detached houses will be sold partially finished. The planned sales revenue of the entire project is about EUR 1 254 000.
Project progress:
With the funds raised in the past phases, the owner of the project did these works: Moluvenu st 3., work has started on the following: concreting the stairs, installing the electricity, installing the plumbing, installing the waste water, insulating the floor with polystyrene, and installing underfloor heating. At Moluvenu st. 5, work has started on the installation of windows and the installation of electrical wiring. In Moluvenu st. 7, the concrete of the stairs has been complete
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 3 plots of land with a total area of 19.8 ares at Moluvenu st. 3, 5, 7, Vilnius and a duapicate with an area of 134,14 square meters are pledged, at Molvenu st. 3 Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 511 000.
Maximum planned amount of funding for the project: EUR 510 000. 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.
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.
