Back to Profitus offerings

Biciuliu Ateities g. namai XII

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 150,000 EUR (€)
  • Raised 150,000 EUR (€)
  • Investors 226
  • Interest rate 11%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the new stage of staged financing project „Biciuliu Ateities g. namai XII”. The raised funds will be used to develop the property and refinance the existing loan. The total development period of the project is envisaged to be 36 months. The project commenced development in November 2022 and is on schedule. Part of the funds mobilised for the twelfth phase were earmarked for the refinancing of the first phase. The amount to be raised at this stage is EUR 150 000.

About the project owner:
The project owner has experience in real estate. The project owner has experience in real estate. The developer also has the status of a trusted developer and together with PROFITUS has financed eight unique real estate projects: („Lapino namai”, „Namas Dusmenu g.”, „Lapino namai Biciuliu terasose”, „Namas Dusmenu g. 63″, „Biciuliu Ateities g. namai”, „Biciuliu namai”, „Namas D45″, „Ateities 50″). The projects have been successfully completed and investors have been settled on time.

About the project:
„Lapino namai” is a block of newly built individual houses in the project „Biciuliu terasos”. The project develops A+ energy class houses, characterized by unified architecture, spacious 8-10 acre plots of land for each house. Nearby are forests, Trakai lakes and the castle, which can be reached by bicycle. More about the project here. 80-120 square metres residential houses will be equipped with partial or full decoration. The houses will be sold, the estimated sales revenue of the entire project is EUR 8 575 000.

Project progress:
With the funds mobilised in the last phase, in the houses at the address Ateities st. 40, 42 water supply has been installed, fences and terraces have been erected, and grass has been sown. Ateities st. 52, 54 – installation of garage doors and fences, rainwater drainage, paving stones on the land, partitions are made. The house at 56 Ateities Street recuperation system installed, fences and partitions installed, grass sown.

The maximum financed amount is EUR 3 000 000 (EUR 1 043 900 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 60%.

Risk category (probability of default) of this project: 6.

Interest by investment amount:
– From EUR 100 to EUR 499 – 11%
– From EUR 500 to EUR 999 – 11.5%
– From EUR 1 000 to EUR 2 499 – 12%
– From EUR 2 500 to EUR 4 999 – 12.5%
– From EUR 5 000 – 13%
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.

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!