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Butas Grendaves g.

Profitus
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100 %
  • Status funded
  • Goal 189,000 EUR (€)
  • Raised 189,000 EUR (€)
  • Investors 263
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 6 month

We present a new financing project “Butas Grendaves g.”. The collected funds will be used for the refinancing of the existing loan and the development of other real estate projects. The amount to be raised is EUR 189 000.

About the borrower: 
The developer has a lot of experience, having developed about 4 thousand square meters (as a manager) and about 6 thousand square meters of real estate projects under the company’s name. The developer previously received financing on the Profitus platform and has completed 9 real estate projects. Projects were successfully finished, and investors were paid back on time.

About the project:
The project is in “Misko panorama”. It is a closed home settlement in the city of Vilnius with a private 2-hectare forest park, new asphalted roads, communications and street lighting. The apartment in a semi-detached house has an area of 116 square meters, four rooms, fully furnished, A++ energy class and one floor. The apartment has a 5-acre plot of land. This loan will be repaid from the proceeds of the sale of this apartment. The planned sales revenue is about EUR 285 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 116-square-meter apartment in a semi-detached house and a 5-acre plot of land are pledged, at the Grendaves st. 99-1, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 270 000. 

Interest by investment amount:
– From 100 EUR to 499 EUR – 9%
– From 500 EUR to 2 999 EUR – 9,5%
– From 3 000 EUR to 9 999 EUR – 10%
– From 10 000 EUR – 10,5%
Important: investments made separately are not aggregated.

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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