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Butai Kalvariju g. II

Profitus
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100 %
  • Status funded
  • Goal 351,720 EUR (€)
  • Raised 351,720 EUR (€)
  • Investors 417
  • Interest rate 7.5%
  • Loan To Value(LTV) 69%
  • Credit Duration 12 month

We present a new financing project – “Butai Kalvariju g. II”. The raised funds will be used to refinance the existing loan. The amount to be raised is EUR 450 000.

About the project:
The owner of the project has purchased six apartments with a total area of 331.99 square metres, which were furnished and rented out with the help of designers. The rental income generated by all the apartments amounts to EUR 5 634 per month.

The aim of the project:
The project owner will use the raised funds to refinance the existing loan.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of investors, six fully furnished apartments with a total area of 331.99 square meters, located in an apartment building built in 2022 at the address Kalvariju st. 126A-3, 126A-6, 126A-7, 126A-8, 126A-12 ir 126A-14, Vilnius, 6 parking spaces in the parking lot at the address Kalvariju st. 126A-R1, Vilnius and 31125/89000 shares of common land at Kalvariju st. 126A, Vilnius are pleged. According to an independent real estate appraiser, the value of real estate pledged to investors is EUR 1 344 300.

Maximum planned amount of funding for the project: EUR 914 600. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.

Interest by investment amount:
– From 100 EUR to 499 EUR – 7.5%
– From 500 EUR to 2 499 EUR – 8%
– From 2 500 EUR to 49 999 EUR – 8.5%
– From 50 000 EUR to 99 999 EUR – 9%
– From 100 000 EUR – 9.5%
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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