We present a new financing project – „Butas Vistycio gatveje". 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 99 000.
About the project owner:
The project owner has experience in real estate. He has developed real estate projects with a total area of about 2 000 square metres, including residential houses in Papiskiu and Grendaves streets.
Project objective:
The project will finance the purchase of a 56 square metre apartment in a 2023 construction. The apartment currently has a registered completion rate of 87% according to the Centre of Registers. The owner of the project intends to furnish the apartment in a modern style with all appliances and furniture. After completion of these works, the apartment will be for sale. The estimated income from the sale of the apartment is EUR 210 000.
Risk category (probability of default) of this project: 6.
Interest by investment amount:
– From EUR 100 to EUR 499 – 9.5%
– From EUR 500 to EUR 999 – 10%
– From EUR 1 000 to EUR 2 999 – 10.5%
– From EUR 3 000 to EUR 6 999 – 11%
– From EUR 7 000 – 11.5%
Important: Individual investments are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise 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.
