We present a new phased financing project - "Subaciaus 4". The raised funds will be used for the purchase of real estate in the Old Town of Vilnius. The amount to be raised is EUR 702 100.

About the project:
The owner of the project buys four apartments and an attic in the old town of Vilnius, where he will form new apartments. All necessary permissions are granted for the implementation of the project. Currently, the architectural part is being designed, and it is being decided which configuration of the future apartments would be most suitable for this project. It is likely that five apartments will be created: two apartments will be 75 square meters each, three - 65 square meters each. The apartments are planned to be fully furnished and rented out for short-term rent. This loan will be repay from the company's operating income or by refinancing existing liabilities in another institution, when the real estate project will be implemented and generate constant rental income.

About the project owner:
The owner of the project has many years of experience in the field of real estate development, his specialization is this type of projects - conversion of premises or installation of attics. Previously, "Profitus" financed and successfully implemented 5 real estate projects on the platform, from which investors earned EUR 30 000. Currently, the developer is implementing other projects financed on the platform: "Butai Kestucio 5", "Uzupio angelo butai", "U16". All three projects' loans are scheduled to be repaid this year.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the investors' interests, the purchased property - four apartments and an attic, with a total area of 352.87 square meters, where the project will be developed, and the right to lease a part of the plot of land are pledged at Subasiaus st. 4, Vilnius. Additionally, a 55.46 square meter apartment is pledged at Savanoriu ave. 63-6A, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 1 003 000.

Maximum planned amount of funding for the project: EUR 1 300 000. 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.

Interest by investment amount:
- From EUR 100 to EUR 999 - 8%
- From EUR 1 000 to EUR 4 999 - 8.5%
- From EUR 5 000 to EUR 9 999 - 9%
- From EUR 10 000 to EUR 24 999 -9.5%
- From EUR 25 000 - 10%
Important: investments made separately are not aggregated.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.