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Dvibutis Luksines 25 II

Profitus
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100 %
  • Status funded
  • Goal 30,000 EUR (€)
  • Raised 30,000 EUR (€)
  • Investors 45
  • Interest rate 8.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new phased financing project “Dvibutis Luksines 25 II”, the funds of which will be allocated to real estate development. The amount to be raised at this stage is EUR 30 000.

About the project owner:
The owner of the project has previously implemented a real estate project financed by the “Profitus” investor community. The project was successfully completed.

The aim of the project:
The project owner is developing a 245.86 square meter semi-detached house on a 6.23-acre plot of land. Currently, according to the data of the Registry Center, the completion of the house registrar is 64%. The house will be sold partially finished. Estimated sales revenue is EUR 440 000. The project owner will spend the funds raised at this stage for masonry works.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 6.23-acre plot of land and a 245.86-square-meter semi-detached house under development are pledged at Luskines str. 25, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 369 000.  

Maximum planned amount of funding for the project: EUR 200 000. 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 – 8.5%
– From 500 EUR to 2 499 EUR – 9%
– From 2 500 EUR to 4 999 EUR – 9.5%
– From 5 000 EUR to 19 999 EUR – 10%
– From 20 000 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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