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Butas Gerulaicio G6-124

Profitus
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100 %
  • Status funded
  • Goal 94,500 EUR (€)
  • Raised 94,500 EUR (€)
  • Investors 109
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

Introducing the new stage financing project “Butas Gerulaicio G6-124”. The project owner will use the funds raised as a working capital for the company. The amount to be raised is EUR 94 500.

About the company:
Project owner’s companies activity: buying and selling of non-ferrous metals. Buying takes place at the beginning of the year, with sales starting in the autumn when metal prices peak. There are usually 5-6 sales per year in larger quantities and amounts. Profits depend on the timing of the purchase and the peak price at the time of sale.

Objective of the project:
The project funds will be used for working capital to the company. During the autumn period, the price of precious metals rises, which is the reason why the project owner borrows for the summer period, in order to be able to operate continuously.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of the investors, an apartment with an area of 61.02 square metres and 2/161 of cars storage are pledged at Vito Gerulaicio st. 6-124, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 135 000. 

The maximum planned amount of funding for the project is EUR 200 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will 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.

Interest by investment amount:
– From EUR 100 to EUR 499 – 9.5%
– From EUR 500 to EUR 999 – 10%
– From EUR 1 000 to EUR 4 999 – 10.5%
– From EUR 5 000 to EUR 9 999 – 11%
– From EUR 10 000 – 11.5%
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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