We present a new stage of the project "Valakampiu apartmentai". The funds of the second stage of the project financing will be allocated to working capital, which will be allocated to the pledged property at Nugaletoju st. for final repairs. The amount to be collected is EUR 50 000.
After the first stage of the project, the fence was scrubbed and primed, the nearby forest was managed, and the demolition work inside the house was completed. Also, inside the house, the walls and partitions were demolished, the flooring was started, the interior was tidied up and the house was ready for partial finishing. A preliminary reservation agreement has already been signed for one apartment, the value of which is 506 000 euros.
The project owner plans to reconstruct the residential house at Nugal?toj? st. 5A, where it forms three apartments. The total area of ??the house under reconstruction is 822 square meters. It is estimated that the newly formed apartments will be 250-270 square meters. The planned sale price of one apartment with interior decoration is 500 000 euros, which is 2 000 euros per square meter. The planned sales revenue for the entire project is 1 500 000 euros.
To protect the interests of investors, an 18.26-acre plot of land with an 821.94-square-meter house, Nugaletoju str. 5A, Vilnius. The project is located in a picturesque and prestigious place in Vilnius - Valakampiai. Valakampiai is located on the left bank of the Neris, and in the village itself, there are many villas, summer houses, restaurants, and two beaches. Convenient transportation - there is a bus stop nearby and the city centre is just a 16-minute drive away. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 1 104 000.
The maximum amount funded is € 700 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV - 70%.
Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) is currently 59%.
Interest by investment amount:
- From EUR 100 to EUR 499 - 8,5%
- EUR 500 to EUR 1 999 - 9%
- From EUR 1000 - 9,5%
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.
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.
