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Butas Sodu G66-23

Profitus
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100 %
  • Status funded
  • Goal 99,000 EUR (€)
  • Raised 99,000 EUR (€)
  • Investors 270
  • Interest rate 8%
  • Loan To Value(LTV) 69%
  • Credit Duration 12 month

We present a new financing project – “Butas Sodu G66-23”. The raised funds will be used for the development of real estate. The amount to be raised at this stage is EUR 99 000.

The aim of the project:
The owner of the project will allocate the raised amount to the development of other real estate projects under development (LOFT206, Basanavicius patalpos, Dvibutis Pilaiteje, Daugiabutis Gimbutienes 10A, Dvibuciai Vytenuose). This loan will be repay by the proceeds from the sale of these developed real estate projects, which will amount to EUR 4 000 000.

About the project owner:
The project owner has experience in real estate development. Implemented 7 different construction projects with a total area of 6 400 square meters. The project owner previously financed one real estate project on the Profitus platform. Investors are paid interest on time. He has already repaid part of the loan.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 100.72-square-meter apartment with a terrace and a part of the 8.3-acre plot of land are pledged at Sodu str. 66-23, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 145 000. 

Interest by investment amount:
– From EUR 100 to EUR 999 – 8%
– From EUR 1 000 to EUR 2 999 – 8.5%
– From EUR 3 000 – 9%
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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