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Gulbinu sklypai II

Profitus
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100 %
  • Status active
  • Goal 110,170 EUR (€)
  • Raised 110,170 EUR (€)
  • Investors 287
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the new stage of staged financing project „Gulbinu sklypai II”. The funds raised will be used for real estate development and working capital for the company. The amount to be raised is EUR 110 170.

About the project owner:
The project owner has over 20 years of experience in real estate. The developer at the moment also developing the project Kiru namai”. More about the project here.

About the project:
The project owner has acquired 6 plots of land in Didziuju Gulbinu village, Vilnius. The developer’s objective is to complete the infrastructure on the land plots and sell them. Sales revenue is expected to be around EUR 650 000. This loan will be covered by the proceeds of the sale and the interest will be paid to the investors from the company’s operating funds.

The maximum financed amount: EUR 213 200 (EUR 103 030 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 42%.

Risk category (probability of default) of this project: 11.

Interest by investment amount:
– From EUR 100 to EUR 499 – 9.5%
– From EUR 500 to EUR 2 499 – 10%
– From EUR 2 500 to EUR 4 999 – 10.5%
– From EUR 5 000 – 11%
Important: Individual investments are not aggregated and cannot be pooled.

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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