We present a new financing project - "Sklypas Zeimenos g.". The raised funds will be used for working capital. The amount to be raised is EUR 180 000. This loan will be covered by the proceeds from the sale of the property.
Project owner:
The project owner has experience in real estate development. Has developed an apartment building in Kaunas - "Aleksotas kastonas". He has also built a number of cottages in Kaunas and Kaunas district.
About the project:
The project plans to build two 2 400-square-meter, 7-storey apartment buildings with 38 apartments.
The aim of the project:
The owner of the project will allocate part of the raised funds for the refinancing of the previous loan, and the other part for the preparation of the works of the mortgaged land plot: obtaining permits, documentation, architectural decisions.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors a 20-acre plot of land is pledged at Zeimenos st., 149 Kaunas. According to an independent real estate appraiser, the value of the mortgaged property is EUR 375 000.
Interest by investment amount:
- From 100 EUR to 499 EUR – 8,5%
- From 500 EUR to 4 999 EUR – 9%
- From 5 000 EUR – 9,5%
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.
