We present the new stage of staged financing project – „P00000807-4". The project owner will use the funds to refinance the existing loan and for working capital. The amount to be raised at this stage is EUR 125 000.
About the project owner:
The project owner has experience in real estate and has developed various construction projects with a total area of more than 2 000 square metres. He has successfully financed and implemented the project „Girios butai“ on the Profitus platform. The project „Bernardinu butai" is also being successfully developed and the interest is paid to investors on time.
About the project:
The owner of the project is developing a house with an area of 79.99 square metres. The developer intends to furnish the house to full completion. According to the Centre of Registers, the completion of the house is currently 80%, while the actual completion is almost 100% based on the work already done. The owner of the project plans to register the 100% completion at the Registry Centre in March. The refinancing of the project has been foreseen and taken into account in the company's cash flow planning. The expected sales revenue is around EUR 240 000.
The maximum financed amount: EUR 600 000 (EUR 272 000 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 55%.
Risk category (probability of default) of this project: 10/12.
Interest by investment amount:
– From EUR 100 to EUR 499 – 9.9%
– From EUR 500 to EUR 999 – 10.4%
– From EUR 1 000 to EUR 1 999 – 10.65%
– From EUR 2 000 to EUR 4 999 – 10.9%
– From EUR 5 000 to EUR 9 999 – 11.4%
– From EUR 10 000 – 11.9%
Important: investments made separately are not aggregated and cannot be pooled.
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.
