Amber Alley | CrowdSpace

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Loan for the development of the real estate project "Amber Valley". The company is developing a residential project in Klaipeda district. To protect the interests of investors, 36 plots with a total area of 5.86 ha are pledged, Lazdyneliu str., Baukstininkai village, Klaipeda district. The houses planned to be built on the plots will also be mortgaged to investors. Amber Valley is a new construction project located just a few kilometers from Klaipeda city center. It is a project of a modern design concept focused on ecological solutions and an open settlement. The project is being developed with full infrastructure: convenient transportation, tidy well-being, parking lot. 74 residential houses (73.11 sq.m., 79.47 sq.m. and 90.87 sq.m.) are being developed, with partial finishing 85% or fully equipped. Each house owns a plot of about 5 ares. The project will be developed in four stages. For investors more than 10,000 Eur in addition + 1% to the annual interest. For all investors, the property is pledged with a primary mortgage. At this stage, the borrowed funds will be used for the introduction of engineering networks, the construction of the first two houses. We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds. Project visualizations are provided. 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 60% is not exceeded. Maximum planned amount of project financing: 1,042,200 Eur. Each part of the loan will have to be repaid within the set term: 12 months.

About the Profitus

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Lithuania

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.

Minimum investment

100 EUR

Advertised return

11,4%

Investors

44,041

Payment options

Direct debit, Bank transfer

Total funding volume

254,260,361 EUR

Average loan duration

N/A

What does Profitus offer?

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. Profitus operates with Lemonway, a regulated payment service provider.

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