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Berzas 10-1

Profitus
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100 %
  • Status funded
  • Goal 172,200 EUR (€)
  • Raised 172,200 EUR (€)
  • Investors 319
  • Interest rate 8%
  • Loan To Value(LTV) 68%
  • Credit Duration 6 month

We present a new financing project – “Berzas 10-1”. The raised funds will be allocated to the development works of the second construction phase of the project “J7” being developed in Palanga. The amount to be raised is EUR 172 200.

The aim of the project:
The project owner will allocate the raised funds to the works of the second construction phase of the “J7” project. The stage consists of 10 identical semi-detached houses, in which the apartment areas will be 48.75 square meters each. In total, it is planned to invest about EUR 2 000 000 in the development works of this stage, and the apartments will be sold for EUR 145 000 each. Currently, preliminary sales contracts have been signed for 5 apartments out of 20 for sale, the value of which is EUR 725 000. The total planned sales revenue of the second construction phase is EUR 2 900 000.

About the project owner:
In 2022, UAB “Ritata” financed and successfully implemented the “J7 Berzas” real estate project on the Profitus platform. In almost four months, the Profitus investor community raised EUR 2 973 000 for this project, and investors earned as much as EUR 180 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, an apartment with an area of 70.17 square meters and a part of a plot of land are pldeged at the address Latgalos st. 10-1, Palanga. The completion of the apartment according to the data of the registry center is 85%, but the real completion is almost 100%. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 255 000. In addition, the company’s director and shareholder Aistis Bartkus provides a guarantee for this loan.

Interest by investment amount:
– From 100 EUR to 499 EUR – 8%
– From 5 00 EUR to 2 499 EUR – 8.5%
– From 2 500 EUR to 4 999 EUR – 9%
– From 5 000 EUR to 9 999 EUR – 9.5%
– From 10 000 EUR – 10%
Important: investments made separately are not aggregated.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

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