We present a new financing project "Baltai Sala". A part of the mobilized funds (½) will be used for the completion of finishing works of 4 houses under development, environmental management and preparation of documentation. The remaining part of the loan will be used to cover existing financial liabilities. The amount collected is EUR 296 000.
"Baltai Sala" is a part of "Baltai", a newly built residential quarter located on the outskirts of Vilnius. This project finances 4 houses with a purpose of 6 months period will be changed to residential. Currently, all 4 houses (which are made up of 13 economic segments) are almost completed, finishing work is underway. Each house has an area of ??8.6-8.8 acres. When the finishing works are completed, these houses will be sold, the estimated selling price is 1,400-1,500 euros per square meter. The registered completion of the houses built in the project reaches 100%.
To protect the interests of investors, 4 plots of land with a total area of ??34.93 acres with 13 farmhouses are pledged. Pledged land plots with fully equipped, farmhouses, Vilnius city, Zubiški? str. 85. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 440,100. The loan-to-value ratio (LTV) is 68%.
The project is located in a quiet and natural place away from the city centre but in an infrastructurally convenient location. 19 km to Vilnius city centre, 10 km to Trakai.
Interest by investment amount:
- From EUR 100 to EUR 999 - 9%
- From EUR 1 000 to EUR 24 999 - 10%
- From EUR 25 000 - 11%
Important: individual investments 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.
