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Butas Mackeviciaus g. (antrine hipoteka)

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100 %
  • Status funded
  • Goal 39,000 EUR (€)
  • Raised 39,000 EUR (€)
  • Investors 82
  • Interest rate 13%
  • Loan To Value(LTV) 83%
  • Credit Duration 12 month

We present a new project for investment “Butas Mackeviciaus g. (antrine hipoteka)”, the funds of which will be allocated to the purchase of real estate. The amount to be raised is EUR 39 000.

About the project owner:
The owner of the project has the status of a reliable developer and together with PROFITS financed seven real estate projects (Azuolyno G19, Azuolyno G21, Azuolyno G23, Butas Laisves aleja, Butas Rokiskio g. Kaune, Pastatas Siugzdinio g., Butas Asigalio g.). The company MB “Jonresta” has experience in real estate development. Implemented different real estate development projects with a total area of 4 150 square meters.

The aim of the project:
The owner of the project will allocate the raised amount for the purchase of an apartment with an area of 99.83 square meters in Kaunas, Zaliakalnis micro-district, which will later be fully equipped with all household appliances and furniture. After completing these works, the apartment will be sold. Estimated sales revenue is EUR 450 000. The proceeds of the sale will repay this loan.

To secure the interests of investors, real estate is pledged with a secondary mortgage: 
To ensure the interests of investors, a 99.83 square meter apartment with a part of the land is pledged at A. Mackevicius str. 105-1, Kaunas. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR  305 000. In addition, the company manager Jonas Cizauskas provides a guarantee for this loan.

Interest by investment amount:
– From 100 EUR to 499 EUR – 13%
– From 500 EUR to 999 EUR – 13.5%
– From 1 000 EUR – 14%
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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