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14 Renesanso butas

Profitus
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100 %
  • Status funded
  • Goal 77,000 EUR (€)
  • Raised 77,000 EUR (€)
  • Investors 141
  • Interest rate 7%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

A new project “14 Renesanso butas” in Vilnius, the financing of which will be used for working capital. For the mobilized funds, the project owner intends to purchase the mortgaged real estate, which will later lease. Project interest will be covered from rental income. The project owner intends to refinance the remaining part of the loan. The amount collected is EUR 77 000.

The project owner buys an apartment in Vilnius Old Town, Sodu str. 6-14. After buying an apartment, the owner rents the apartment for short-term or long-term rent. Long-term rental price per month from 550 to 600 euros.

The apartment is located in the real estate project “Renesanso”, which is located in a historically important place in Vilnius – Vilnius Old Town. The project includes 3-4 storey residential houses with balconies or terraces, underfloor heating, large windows and skylights and high ceilings. The house has a courtyard, where you can not hear the hustle and bustle of the city, the house is fenced, there is an underground parking lot, equipped with video cameras.

To protect the interests of investors, an apartment in the building built in 2021 is pledged in Vilnius, Sodu str. 6-14, Old Town. According to the independent real estate appraiser Ober-Haus, the value of the mortgaged real estate is 110 000 euros. The actual completion of the mortgaged property is currently 100%, the apartment is partially furnished. The project is located near the main points of the city – the Town Hall Square, the Hall Market, the Vilnius Railway Station – in a reborn district, where more and more new houses are being built.

Interest by investment amount:
– From EUR 100 to EUR 999 – 7%
– From EUR 1 000 to EUR 9 999 – 7,5%
– From EUR 10 000 – 8%
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.

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