- Reliable Developer: Has co-developed 14 projects with PROFITUS, returning EUR 1.8 million to investors.
- Extensive experience and professionalism: The project owner has implemented over 10 residential projects. This broad spectrum of projects demonstrates the project owner's long-standing experience and professionalism in real estate.
- Equity: The project owner intends to invest a total of EUR 480,000 (approximately 20%) of the total investment in the project.
- Guarantee: The company director provides a guarantee for the entire loan amount.
Zinsen nach Anlagebetrag:
– Von 100 EUR bis 299 EUR – 8.90%
– Von 300 EUR bis 749 EUR – 9.20%
– Von 750 EUR bis 3 499 EUR – 9.50%
– Von 3 500 EUR – 9.90%
Wichtig: Einzelanlagen werden nicht aggregiert und können nicht kombiniert werden.
About the Project:
The raised funds will be used to refinance an existing loan and develop real estate. The developer plans to build a multi-family residential building at M. Gimbutienes St. in Kaunas. The construction permit has already been obtained. The residential building will be 5 stories tall, with a total of 20 apartments and 1,489.55 m² of total saleable area. On the ground floor of the apartment building, it is planned to arrange 4 garages with a total area of 73.95 m². Next to the building, there are plans for 16 above-ground parking spaces. The developer plans to finish the apartment building with full finishing and landscaped grounds and sell it.
Loan Information:
This loan will be covered by the proceeds from the sale of the mortgaged real estate, which is estimated to be EUR 2,574,463 excluding VAT. Interest to investors will be paid from the project owner's operating income.
Maximum planned project financing amount: EUR 1,700,000. The project is financed according to the current valuation of the mortgaged property until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation must 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 it up to 30 days if the funds are not raised.
About the Profitus
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.
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.
