We present a new phased financing project - "Girdavos 54 III". The raised funds will be used for the refinancing of the first stage (EUR 100 000), and the remaining amount for the completion of the development of the real estate project. The amount to be raised at this stage is EUR 150 000.
About the project:
The owner of the project is developing a one-story semi-detached residential building with garages for one car. The semi-detached house is connected by garages. The area of the apartment in a semi-detached is 118 square meters with a garage, of which 93 square meters is the living area, and the remaining 25 square meters is the garage. The apartments will have three separate rooms, a common living room and kitchen space, and two bathrooms. The goal of the project owner is to sell the apartments fully furnished with all the necessary furniture. Currently, the registered completion of apartments is 85%. The expected selling price is EUR 250 000 for apartament, the total sales revenue of the project is EUR 500 000.
Progress of the project:
The owner of the project has already completed the construction work of the semi-detached house and has reached 100% completion. All rooms in the apartments are fully equipped, doors are installed, and kitchens are also installed. The received funds will be used to install cabinet furniture and complete maintenance of the well-being.
About the project owner:
The owner of the project has been engaged in mediation in the field of real estate since 2005, currently working as a broker in one of the largest real estate brokerage agencies in Lithuania. Previously developed reconstruction projects, apartment division, installation, and sale projects. Long-term experience and extensive knowledge of the Lithuanian real estate market allow us to expect a successful project implementation.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a semi-detached residential house and a plot of land are pledged at Girdavos st., 54, Vilnius. According to the data of the Registry Center, the registered completion of apartments is 85%. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 384 000.
The maximum planned amount of funding for the project: is EUR 200 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When the 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%
- From 500 EUR to 2 499 EUR – 8.5%
- From 2 500 EUR to 4 999 EUR – 9%
- From 5 000 EUR to 9 999 EUR – 9.5%
- From 10 000 EUR – 10%
Important: investments made separately are not aggregated.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising 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.
