We present a new financing project – „Butas Petesos g.". The owner of the project will use the funds for property development and working capital. The amount to be raised is EUR 273 000.
About the project owner:
The Group („Tinkasas“, „Kriviu namai“ ir „K125“) is an experienced development and construction company. It has completed various construction projects with a total area of more than 55 000 square metres. The developer has the status of a trusted developer on the Profitus platform. Developed three projects - "K125", "Butas Uzupyje", "Namas Kalno g." The projects were successfully completed. Interests were paid to investors on time.
Project objective:
The owner of the project plans to purchase two plots of land in Vilnius, on Kernaves and Giedraiciu streets, which have building permits. On the plots of land, it is possible to build apartment buildings no taller than 5 floors, with an area of up to 1 000 square meters. This loan will be repaid by the proceeds from the sale of other real estate projects, and the loan interest will be paid from the company's operating income, which in the first half of 2023 is EUR 1 400 000.
Interest by investment amount:
– From 100 EUR to 399 EUR – 9.5%
– From 400 EUR to 799 EUR – 10%
– From 800 EUR to 19 999 EUR – 10.5%
– From 20 000 EUR – 12%
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.
Financial information:
Estimated interest expenses per year, EUR | 30 000 |
Companies in 2021 income, EUR (incl. VAT) | 1 866 369 |
Companies in 2022 income, EUR (incl. VAT) | 3 498 989 |
Companies in 2023 income for the first half of the year, EUR (incl. VAT) | 1 457 338 |
Source of loan repayment | The company's operating income, sales of other real estate under development |
About the Profitus
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
