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Butas Virsilu g. 6-60

Profitus
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100 %
  • Status funded
  • Goal 88,200 EUR (€)
  • Raised 88,200 EUR (€)
  • Investors 241
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new financing project,  Butas Virsilu g. 6-60″. The project owner will use the raised funds for the purchase of the real estate, which will be equipped later. The amount to be raised is EUR 88 200.

The aim of the project:
The project funds will be used for the purchase of an apartment with an area of 44.79 square meters, built in 2022, located on the sixteenth floor of a brick apartment building. Currently, according to the Registry Center, the apartment is 88% complete. The owner of the project buys an apartment with a parking space for EUR 108 950, which he intends to equip in a modern way with all household appliances and furniture. After completing these works, the apartment will be sold. The estimated sales revenue is EUR 155 000. The proceeds of the sale will repay this loan.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
To secure the interests of investors, an apartment of 44.79 square meters is pledged at Virsilu st. 6-60, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 126 000.

Interest by investment amount:
– From 100 EUR to 499 EUR – 9%
– From 500 EUR to 2 499 EUR – 9.5%
– From 2 500 EUR to 4 999 EUR – 10%
– From 5 000 EUR – 10.5%
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.

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