We present a new phased financing project - "„Seimos dvibutis" Gvazdiku kvartale II". The raised funds will be used for the development of the real estate project. The amount to be raised at this stage is EUR 42 400.
About the project:
The owner of the project is developing an A++ class, 230 square meter, two-story semi-detached house with a carport on a 7.96-acre plot of land. At the moment, the foundations of a semi-detached house have been poured in the project. The apartments will be sold partially finished. Estimated sales revenue of the entire project is EUR 370 000.
Progress of the project:
With the funds raised in the first phase, the owner of the project poured the foundations and raised the walls of the houses.
About the project owner:
The group of companies of the project owner has accumulated extensive experience in the field of real estate. In total, they have developed different real estate development projects with a total area of 15 000 square meters.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a plot of land with the foundations of a semi-detached house, is pledged at Gvazdikiu Sody str. 11, Vilnius. According to an independent real estate appraiser, the value of real estate pledged to investors is EUR 146 800.
Maximum planned amount of funding for the project: EUR 200 000. 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. LTV at this stage - 54%.
Interest by investment amount:
- From 100 EUR to 499 EUR – 9.5%
- From 500 EUR to 1 999 EUR – 10%
- From 2 000 EUR – 10.5%
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.
