We present a new project for investment "Butas Virsuliskiu 10". The raised funds will be used by the project owner for the purchase of real estate. The amount to be raised for the project is EUR 63 700.
About the project owner:
The project owner has experience in real estate development. Implemented different real estate development projects with a total area of 2 148 square meters.
The aim of the project:
The project funds will be allocated for the purchase of a 61.45 square meters, three-room apartment on the fourth floor of a brick apartment building in Vilnius. The project owner buys an apartment for EUR 91 000. The owner intends to carry out repair work with his own funds, equipped with all household appliances and furniture. After these works, the apartment will be sold. The estimated sales revenue is EUR 160 000. The proceeds of the sale will be used to repaid 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 61.45 square meters is pledged at Virsuliskiu st. 10-11, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 101 000.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.
About the Profitus
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
