- Previous experience with stock offices: The Project Owner has already successfully developed and leased out 2 similar stock-offices: Everaus Business house and Reti Business house: https://everaus.ee/en/commercial-real-estate/everaus-commercial-building/
- Reliable Project Owner: L11 Laod OÜ belongs to group owned by Everaus Kinnisvara AS, a reliable and well-known Estonian property group.
- Suretyship: The entire loan is guaranteed by Everaus Kinnisvara AS. www.everaus.ee
- Strong collateral: The property currently generates a cashflow of EUR 24 400 monthly.
- Convenient location: The property is located near Tallinn Airport, that gives very good logistical possibilities for the tenants to distribute their products and goods and be well connected to the main aviation cargo terminal.
Interest by investment amount:
– From 100 EUR to 249 EUR – 9.00%
– From 250 EUR to 499 EUR – 9.50%
– From 500 EUR to 1 499 EUR – 10.00%
– From 1 500 EUR to 4 999 EUR – 10.50%
– From 5 000 EUR to 14 999 EUR – 11.00%
– From 15 000 EUR to 74 999 EUR – 11.50%
– From 75 000 EUR – 12.00%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The project aims to acquire a stock-office building at Lennuradari 11 and a neighboring land plot with a building permit at Lennuradari 11a. The developer is acquiring a cashflow generating commercial property with development opportunity in vicinity of Tallinn Airport. Three stock offices with a total net area of 2,517.7 m² are built, leased out and generating an annual rent income of EUR 292,800. The land plot has additional construction right and a building permit for another four stock offices with a net area of 4,050.9 m². Upon completion, the projected annual rent income is estimated to be at EUR 436,800.
The loan will be used for acquisition of the real estate property at Lennuradari tee 11 and Lennuradari tee 11a. The project consists of 3 cashflow generating stock offices (Lennuradari tee 11) and has a building permit for another 4 stock offices at Lennuradari tee 11a. Lennuradari tee 11 generates cashflow of EUR 24,400 monthly. The Project Owner intends to start building the remaining 4 stock offices in spring 2025.
Loan Information:
Project Owner intends to refinance Lennuradari 11 – a part of the project with existing cashflow, with a local bank. The terms are already pre-agreed. To satisfy the terms of refinancing, the Project Owner shall prove the cashflow income of at least 4 months on account and acquisition of usage permit for the operating property. The Profitus loan interest will be serviced from the generated cashflow.
Lennuradari 11a will be developed, completed and further operated by the Project Owner. Then it will be leased out and also refinanced by the bank for long-term bank loan.
This project will be financed in stages. The maximum amount of financing: EUR 2,375,000 (EUR 1,550,000 already raised). The project is currently financed according to the valuation report of the collateral property until it reaches the specified maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation report will be performed, and further stages of project financing will be announced and collected only if the specified maximum LTV is not exceeded.
We plan to gather the amount within 7 days, with the option of extending it to 30 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.
