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Phase I of the staged financing project “Dvibutis „Seimos kvartale“. The loan is intended for the acquisition of a plot and further development of the project. The project developer is buying a 7.81 acre plot of land with a residential house under construction at Gvazdiku sodu St., Vilnius. 230 sq. m. two-apartment house is being built on the purchased land plot. m area. The development of the acquired project has started, the brick walls of one of the two-apartment parts have already been fully bricked, the roof has been covered, windows have been installed, and partitions have been installed. In the second part of the house first floor walls have been built. After installing apartments with partial finishing - they will be sold. The estimated sales revenue of the entire project is 300,000 euros. A reservation contract worth 150,000 euros has already been signed for one of the apartments. 230 sq. m house and 7,81 acres part of land will be mortgaged to protect interest of investors.   The developer of this project has experience in the field of real estate and has developed objects with a total area of ??more than 15,000 sq. m. Maximum planned amount of funding for the project: EUR 132,000. 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. 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

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
N/A
What does Profitus offer?

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.

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