We present a new staged financing project "Vilniaus Sodu 4toji IV", the funds of which will be allocated to get working capital for exsisting projects. The amount to be raised at this stage is EUR 8 600.
The aim of the project:
The project owner will allocate the raised funds to the refinancing of the existing loan. Also the funds will be used as a working capital for the existing projects.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the investors' interests, a plot of land and a residential house with an area of 534.02 square meters are pledged at Tolimios Sodu 4-oji str. 2, Vilnius. An additional plot of land is also mortgaged at Uzuovejos st. 18, Vilnius district. According to an independent real estate appraiser, the value of real estate pledged to investors is EUR 602 600.
The maximum planned amount of project financing: EUR 400 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. 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 of 70% is not exceeded. LTV at this stage - 67%.
Interest by investment amount:
- From 100 EUR to 499 EUR – 9.5%
- From 500 EUR to 2 499 EUR – 10%
- From 2 500 EUR to 4 999 EUR – 10.5%
- From 5 000 EUR to 14 999 EUR – 11%
- From 15 000 EUR – 11.5%
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.
Financial information:
Refinancing amount, EUR | 233 000 |
Amount of land plots to be purchased | 3 |
The price of the plots of land to be purchased, EUR | 167 000 |
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.
