Back to Profitus offerings

Apartamentai prie juros

Profitus
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 107,100 EUR (€)
  • Raised 107,100 EUR (€)
  • Investors 275
  • Interest rate 8%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new project for investment Apartamentai prie juros. The raised funds will be used by the project owner for the purchase of real estate. The amount to be raised for the project is EUR 107 100.

About the project in which the apartment is purchased:
“J7 Berzas” quarter is a well-kept, individually adapted and team-maintained house in Monciskes. The block has a common recreation area with a sauna and a heated outdoor pool, a grill area and a dome cinema.

The aim of the project:
The project funds will be allocated for purchase of an apartment with a plot of land in Palanga. The apartment has two floors, on the first floor there is a common kitchen and living room, on the second floor there are two bedrooms. Currently, the registered completion of the apartment, according to the Center of Registers, is 85%. This loan will be repaid by short-term rental and sale proceeds or by refinancing the loan if the apartment is not sold.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
To secure the interests of investors, an apartment of 48.39 square meters built in 2022 with a plot of land is pledged at Latgalos st. 9B-1, Palanga. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 153 000.

In order to operate transparently and honestly, we would like to inform you that MB “Sweet sun” shareholder are also the shareholder of UAB “Sutelktinio finansavimo platforma Profitus”. We draw your attention to the fact that the project developer is directly related to UAB “Sutelktinio finansavimo platforma Profitus”. We confirm that the financing of the project is carried out in accordance with the principles of transparency, impartiality, openness and equality.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!