We are introducing a new financing project – „Europos pr. 122A loftai". The owner of the project will use the funds to develop the Glampingo rental project. The amount to be raised is EUR 123 943.
About the project owner:
The project owner has experience in real estate. The developer of the project has received funding on the Profitus platform and has completed a real estate project „Europos pr. loftai". The project has been successfully completed and the investors have been settled on time. 3 of 5 lofts are currently rented out, generating a rental income stream of EUR 1 180 with VAT per month. The remaining 2 lofts are waiting for tenants. All 5 lofts have a expected rental income stream of EUR 2 080 with VAT per month.
About the project:
The owner of the project has purchased a plot of land in Kriemala village near the Nemunas river in Kaunas district, on which he plans to build 25 square metres 3 holiday houses, a sauna house and a swimming pool. The projected rental income for the holiday houses is EUR 2 500 per month. The average rental price of a holiday house would be EUR 833 per month with VAT. This loan will be repaid from the proceeds of the sale of the mortgaged property and the interest will be paid from rental income.
Interest by investment amount:
– From EUR 100 to EUR 499 – 10%
– From EUR 500 to EUR 1 999 – 10.5%
– From EUR 2 000 to EUR 3 999 – 11%
– From EUR 4 000 to EUR 7 999 – 11.5%
– From EUR 8 000 – 12%
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.
| Financial information (VAT incl.) | |
| 3 Monthly rental income for Glampingo houses (planned) | EUR 2 500 |
| 3 Europos Avenue lofts rental income per month | EUR 1 180 |
| Total rental income during the year | EUR 44 160 |
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.
