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Butas Rokiskio G8-3

Profitus
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100 %
  • Status funded
  • Goal 86,100 EUR (€)
  • Raised 86,100 EUR (€)
  • Investors 260
  • Interest rate 9.5%
  • Loan To Value(LTV) 54%
  • Credit Duration 12 month

We present a new project for investment, “Butas Rokiskio G8-3”. Most of the amount raised for the project owner (EUR 57 000) will be used for the refinancing of the project owner’s loan, the rest – for real estate development. The amount to be raised is EUR 86 100.

About the project owner:
The owner of the project has the status of a reliable developer and together with PROFITUS financed five real estate projects (Azuolyno G19, Azuolyno G21, Azuolyno G23, Butas Laisves aleja, Patalpos Siugzdinio G17) of which the funds of a couple of projects have already been returned to investors. The company UAB “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:
Refinance the existing financial obligation, and use the remaining funds for the working capital of the company – for the completion and final implementation and development of existing/undergoing projects in Vilnius, for the acquisition of new facilities.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
To secure the interests of investors, a 34.88 square meter apartment with 2/11 of other engineering structures – part of the parking lot and 3 units in parts of land plots are pledged, at Rokiskio st., Kaunas. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 161 000.

Interest by investment amount:
– From EUR 100 to EUR 999 – 9,5%
– From EUR 1 000 to EUR 2 999 – 10%
– From EUR 3 000 to EUR 9 999 – 10,5%
– From EUR 10 000 – 11%
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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