- Project Owner Experience: The head of the company has experience in the property market, having successfully purchased and sold 3 apartments with a total area of approximately 160.6 m2.
- Central location: Close to Gediminas Avenue, the main street of Vilnius, where the most important Lithuanian state institutions and agencies are located.
- Breathtaking panorama: Unparalleled views of the city unfold through the expansive windows of this property, with stunning sunsets visible in the evenings.
- Green environment: Nestled right next to the greenest neighborhood of Vilnius - Zverynas, this property offers the perfect opportunity to immerse yourself in nature, whether you prefer leisurely strolls, invigorating bike rides, or simply moments of tranquility amidst the verdant surroundings.
About the project:
The developer is taking out a loan for the company's working capital needs by mortgaging a 100% completed apartment at A. Rotundo st. 5-8, Vilnius. The apartment is currently for sale. The expected sales proceeds are EUR 850 000. The mortgaged property is planned to be rented out for short-term rent by the project owner from July until the sale, with expected rental income of EUR 150-300 per day, for a total of approximately EUR 4 000 per month. This loan will be repaid from the proceeds of the sale of the mortgaged property, and interest will be paid to investors from short-term rental income.
Project Rating (Project Loss Risk): AA-. This rating is consistent with the previous project rating of B-.
Interest by investment amount:
– From EUR 100 to EUR 499 – 8.00%
– From EUR 500 to EUR 999 – 8.40%
– From EUR 1 000 to EUR 4 999 – 8.80%
– From EUR 5 000 to EUR 9 999 – 9.20%
– From EUR 10 000 to EUR 19 999 – 9.60%
– From EUR 20 000 – 10.00%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.
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.
