Back to Profitus offerings

Butas S41-6

Profitus
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 42,500 EUR (€)
  • Raised 42,500 EUR (€)
  • Investors 131
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new project for investment “Butas S41-6”. The project owner will use the raised funds for investment in real estate. The amount to be raised for the project is EUR 42 500.

About the project owner:
The project owner’s group has experience in real estate development. Implemented different real estate development projects with a total area of about 1 500 square meters.

The aim of the project:
Part of the project’s funds will be allocated to the installation of an apartment with an area of 31.36 square meters, on the ground floor of a brick apartment building in Vilnius, as well as maintenance of common rooms on the basement level, which belong to the company of the developer group. After the completion of installation work, the apartment will be rented. The loan will be repaid by refinancing this loan over the long term with a rental income stream or from sales proceeds.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 31.36 square meter apartment, built in 1962 (renovated in 2022) is pledged, at Studentu st. 41-6, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 68 000.

Interest by investment amount:
– From 100 EUR to 499 EUR – 9,5%
– From 500 EUR to 1 999 EUR – 10%
– From 2 000 EUR to 4 999 EUR – 10,5%
– From 5 000 EUR – 11%
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.

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!