Back to Profitus offerings

Apartments in Paneriu st.

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 59,500 EUR (€)
  • Raised 59,500 EUR (€)
  • Investors 87
  • Interest rate 6%
  • Loan To Value(LTV) 63%
  • Credit Duration 12 month

Real estate financing project “Apartments Paneriu st.”, The funds of which will be used for the acquisition and development of real estate.

The project developer buys two residential apartments, Paneriu str. 30, Vilnius. The property is purchased at auction. 16A apartment area – 27.6 sq. M. m, 16B apartment area – 34.24 sq. m. m. The project is conveniently located near the city center – just 15 minutes to the Town Hall. The mortgaged apartment building has an enclosed courtyard.

After the apartments are renovated with partial finishing, they will be sold. The estimated sale price of the apartments is 2,200 euros per square meter. The planned sales revenue of the whole project is 154,600 Euros.

The developer has experience in the implementation of similar projects throughout Lithuania – in Vilnius, Klaipeda, Anyksciai. Successfully developed and sold more than 2,000 square meters. m of objects.

To protect the interests of investors, two residential apartments are pledged in Vilnius, Paneriu str. 30-16A and 16B with a total area of 61.84 sq. M. m. Registered completion of the property – 100%. For all investors, the property will be pledged as a primary mortgage.

Interest by investment amount:
-From EUR 100 to EUR 500 – 6%
-From EUR 500 to EUR 9,999 – 7%
-From EUR 10 000 – 8%

Important: individual investments are not aggregated.

The amount provided is planned to be collected within 7 days with the possibility of extension up 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!