We present a new staged financing project – „Papli tee 8, Tabasalu III", the funds of which will be allocated to the development of real estate. The amount to be raised at this stage is EUR 10 000.
About the project owner:
The project owner has experience in property development. The developer is also involved in short-term property rental: Junipervillas.
The aim of the project:
The owner of the project develops a 211.8 square meters modern residential house project on the purchased plot of land. The house will be two-story, with a flat roof and with energy lable B marking. The first floor has five bedrooms, a common spacious kitchen living area, utility room, storage room, two seperate bathrooms and sauna with front room. There will be a terrace, which is the length of the house. The master bedroom on the second floor will have a separate bathroom and walk-in closet.
Project progress:
The developer has used the funds raised in previous phases to carry out the following works: removal of trees in the surrounding area, installation of sewage and water pipes, and installation of underfloor heating pipes, raised borders. Currently, the registered completion rate is 15%. The developer will use the funds mobilised for this phase to continue the construction works.
Maximum planned amount of funding for the project: EUR 400 000 (EUR 115 800 already raised). 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. The loan-to-value (LTV) ratio including VAT at this stage is 59%.
Risk category (probability of default) of this project: 11.
Interest by investment amount:
– From EUR 100 to EUR 499 – 10.9%
– From EUR 500 to EUR 999 – 11.4%
– From EUR 1 000 to EUR 1 999 – 11.65%
– From EUR 2 000 – 11.9%
Important: investments made separately 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.
