Back to Profitus offerings

Du dvibučiai Didžiojoje Riešėje VIII

Profitus
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 35,000 EUR (€)
  • Raised 35,000 EUR (€)
  • Investors 57
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 7 month

We present the seventh stage of the phased financing project “Du dvibuciai Didziojoje Rieseje”. The funds of this stage will be allocated for the development of real estate. The amount to be raised is EUR 35 000.

The aim of the project:
The owner of the project has acquired 10 plots of land on which he is developing a two-apartment house project. The houses under development are 307 and 316 square meters in size. Each duplex will have a 10 acre plot of land. This loan will be repaid by the proceeds of the sale of the reale estate. Estimated sales revenue for the entire project is EUR 800 000.

Progress of the project:
After the seventh round of financing, the interior walls of one of the houses have been plastered, and plastering work has begun on the other.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 10-acre land plot with 307.07 square meters of semi-detached house under construction are pledged, at Zemoji st. 50, Didzioji Riese village, Vilnius district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 438 000.

Maximum planned amount of funding for the project: EUR 500 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.

Interest by investment amount:
– From 100 EUR to 499 EUR – 9%
– From 500 EUR to 2 999 EUR – 9,5%
– From 3 000 EUR – 10%

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!