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Butas Pilies g.

Profitus
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100 %
  • Status funded
  • Goal 165,000 EUR (€)
  • Raised 165,000 EUR (€)
  • Investors 173
  • Interest rate 8%
  • Loan To Value(LTV) 43%
  • Credit Duration 12 month

We present a new project for the investment „Butas Pilies g.“ 
Project funds will be used for refinancing, the amount to be raised is EUR 165 000.

About the purpose of the project:
The project funds will be used to refinance the previous loan. The owner of the project purchased land plots in Zujunai with previously financed funds, where he developed the infrastructure and sold it. The proceeds from the sale were invested in the acquisition of new plots of land. The project owner acquired land plots in Kalnenai, Vilnius. These plots are going to develop infrastructure and then sell. The proceeds of the sale will cover this loan.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of investors, a 97.88 square meter, two-storey, fully equipped apartment is pledged in the Old Town of Vilnius, at Pilies str. 19-3, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 390 000.

About the project owner:
The project owner’s company has been operating in the food flow sector for about 20 years. In addition, the project owner is engaged in the purchase and sale and development of real estate. 

Interest by investment amount:
– From EUR 100 to EUR 499 – 8%
– From EUR 500 to EUR 2 999 – 8,5%
– From EUR 3 000 to EUR 9 999 – 9%
– From EUR 10 000 to EUR 24 999 – 9,5%
– From EUR 25 000 – 10%
Important: individual investments 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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