- Vycio Slenis: A Cozy Community: Vycio Slenis is a small, cozy community. The project involves the construction of a total of 10 modern homes, located in two types of semi-detached houses (with storage or garages). New residents can expect conveniently planned homes with full finishes, spacious terraces and yards, and a securely fenced and well-maintained area.
- Guarantor UAB Jore Invest: part of the UAB Jore Holding group of companies. JORE Holding is a member of JORE Group of Companies, which has been operating in the real estate sector for 20 years and has an excellent knowledge of the specifics of the market and the needs of the client.
- Strong Financial Foundation: The project owner has already invested EUR 245,000 in the acquisition of land plots and project development work, demonstrating a strong commitment to the project and its success.
- Convenient Location: The houses are being developed in a convenient location with developed infrastructure: paved roads, nearby shopping centers, and a park.
Interest by investment amount:
– From 100 EUR to 249 EUR – 9.20%
– From 250 EUR to 499 EUR – 9.70%
– From 500 EUR to 1 499 EUR – 10.20%
– From 1 500 EUR to 4 999 EUR – 10.70%
– From 5 000 EUR – 11.20%
Important: investments made separately are not accumulated.
About the Project:
Vycio Slenis is a project of 10 residential houses. PROFITUS is pledging 5 land plots where A+ energy class, single-storey, 236 m² five semi-detached residential houses will be developed. The total planned area of 10 residential houses is 1,181 m². Currently, land plots are being prepared for construction, foundations have already been installed on one land plot, and building walls are being erected. The residential houses are planned to be fully finished and sold.
Project Progress:
With the funds from previous stages, block partitions, reinforced concrete foundations and walls, and a reinforced concrete slab were installed in the project. A new property valuation has been carried out, and construction works have reached 34% completion. Since the beginning of the project, the value of the property has increased from EUR 311,000 with VAT to EUR 601,000 with VAT. The funds raised at this stage will be used to continue further construction work.
Loan Information:
The estimated sales revenue is EUR 2,834,400 with VAT. This loan will be covered by the project's sales revenue, and interest to investors will be paid from the project owner's operating income.
The maximum planned project financing amount is EUR 1,500,000 (already collected EUR 162,694). The project is financed according to the current valuation of the pledged property until it reaches the established maximum loan-to-value ratio (LTV). Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further project financing stages will be announced and collected only if the established maximum LTV is not exceeded.
We plan to raise the required amount within 7 days with the possibility of extending up to 30 days if the funds are not raised.
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.
