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Butas Rinktines 52

Profitus
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100 %
  • Status funded
  • Goal 149,300 EUR (€)
  • Raised 149,300 EUR (€)
  • Investors 215
  • Interest rate 9%
  • Loan To Value(LTV) 69%
  • Credit Duration 12 month

We present a new financing project – “Butas Rinktines 52”. The amount to be raised is EUR 149 300, of which EUR 121 400 will be allocated to the refinancing of the available loan, and the remaining amount of the loan will be used to increase the working capital of the company.

About the project owner:
The project owner’s company belongs to a group of companies that is engaged in real estate rental – both long-term and short-term. The main activity of the project owner, home appliances trade, is sales through the online sales platform, where the income of existing sales is frozen during the order execution period. Therefore, in order not to stop the further growth of the group of companies, the owner of the project refinances the available loan and borrows additionally, thereby increasing the working capital of the company.

About the project:
The owner of the project rents a two-room apartment with a terrace in a newly built apartment building in Vilnius, just 500 meters from the city center. The apartment is fully equipped, with furniture, a long-term lease has been signed, the rental income is EUR 750 per month.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, an apartment of 48.04 square meters is pledged at Rinktines st. 1A-52, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 217 400. The registered completion of the mortgaged apartment is 100%. The apartment is furnished – it has all the necessary communications, decoration and all the necessary furniture.

Interest by investment amount:
– From EUR 100 to EUR 999 – 9%
– From EUR 1 000 to EUR 4 999 – 10%
– From EUR 5 000 to EUR 9 999 – 11%
– From EUR 10 000 – 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.

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