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Butas Vaidoto G192A-2

Profitus
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100 %
  • Status funded
  • Goal 63,000 EUR (€)
  • Raised 63,000 EUR (€)
  • Investors 161
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new financing project – “Butas Vaidoto G192A-2”. The raised funds will be used for the development of real estate. The amount to be raised is EUR 63 000.

The aim of the project:
The owner of the project will allocate the raised amount for the construction of a 93.64 square meter, two-story apartment with all household appliances and furniture. This loan will be repay by the proceeds of the sale of this property. Estimated sales revenue of the project – EUR 170 000.

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, An apartment with an area of 93.64 square meters and a part of a plot of land of 1.04 acres are pledged at the address Vaidoto st. 192A-2, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 90 000. 

Interest by investment amount:
– From EUR 100 to EUR 499 – 9%
– From EUR 500 to EUR 999 – 9.5%
– From EUR 1 000 to EUR 4 999 – 10%
– From EUR 5 000 – 10.5%
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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