We are presenting a new investment project "Patasines namas", the raised funds will be used for the acquisition of a plot of land with a construction permit and for the start of construction of two semi-detached houses. The amount to be raised for the project is 109,000 euros.
About the project owner:
The shareholder and manager of the company has been working in the field of real estate construction since 2008. Another shareholder in the company has previously implemented a real estate project funded by the Profitus investor community. The project was successfully completed, and timely settled with investors.
Project goal:
The owner of the project is buying an 11-acre plot of land in Kaunas district, where he will build two semi-detached residential houses. A building permit has been obtained and the residential houses have been designed. Part of the financing of this project (EUR 96 thousand) will be used for the acquisition of a plot of land with a building permit, and the remaining part for the construction of foundations and walls. After these works, partial completion will be registered in the project, then construction will continue.
As collateral, investors are pledged real estate with a primary mortgage:
To ensure the interests of investors, a residential house with an area of 166.78 square meters and a plot of land of 10.24 ares are pledged, at Patasines str. Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 192,000. The loan-to-value ratio is 57%.
Interest by investment amount:
- From EUR 100 to EUR 999 - 10%
- From EUR 1 000 to EUR 4 999 - 10,5%
- From EUR 5 000 - 11%
Important: Investments made separately are not aggregated.
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 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.
