Butas Vilniuje, Giedraiciu 39 IIProfitus
We present the second stage of the phased financing project – “Butas Vilniuje, Giedraiciu 39”. The raised funds will be used for real estate development. The amount raised at this stage is EUR 50 000. This loan will be repaid by the proceeds from the sale of the property.
The project owner has experience in real estate development. Has implemented 9 different construction projects with a total area of 680 square meters.
The aim of the project:
The owner of the project purchased a 50 square meters, two-room apartment on the first floor of an apartment building at Vytenio St., Vilnius. The apartment is planned to be renovated. The amount raised during the first financing stage was used to pay an advance on the purchase of an apartment. The funds that will be raised during this financing stage will be used for the final settlement
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors a fully furnished apartment with an area of 42.46 square meters is pledged at Giedraiciu st. 39-5, Vilnius. According to an independent real estate appraiser, the value of real estate pledged to investors is EUR 124 000.
Maximum planned amount of funding for the project: EUR 80 000. LTV at this stage – 65%.
The investment term is up to 12 months, at this stage the exact return date of the investment is provided on 29/12/2022.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.