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Butas A38-33

Profitus
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100 %
  • Status funded
  • Goal 56,700 EUR (€)
  • Raised 56,700 EUR (€)
  • Investors 117
  • Interest rate 7.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 6 month

We present a new project for investment “Butas A38-33”. The raised funds will be used by the project owner for the purchase of real estate. The amount to be raised for the project is EUR 56 700.

About the project owner:
The project owner has experience in real estate development. Implemented different real estate development projects with a total area of 2 148 square meters.

The aim of the project:
The project funds will be allocated for the purchase of a 47.04 square meters, two-room apartment on the first floor of a brick apartment building in Vilnius. The project owner buys an apartment for EUR 80 000. The owner intends to carry out repair work with his own funds, equipped with all household appliances and furniture. After these works, the apartment will be sold. The estimated sales revenue is EUR 115 000. The proceeds of the sale will be used to repaid this loan.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
To secure the interests of investors, an apartment of 42.53 square meters is pledged at Architektu st. 38-33, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 81 000.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.

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