- Experienced Company Group: The project owner belongs to a company group with many years of experience in renting out owned and leased real estate and has successfully completed more than 6 projects together with PROFITUS.
- Income-Generating Collateral: The property generates a steady rental income that covers loan payments. Additionally, the developer rents out a total of 14 apartments/cottages, generating approximately EUR 1862 per month.
- Liquid Collateral: Fully furnished residential houses in the Klaipeda region are pledged to investors.
Interest by investment amount:
– From 100 EUR to 299 EUR – 8.60%
– From 300 EUR to 749 EUR – 9.10%
– From 750 EUR to 3 499 EUR – 9.60%
– From 3 500 EUR to 11 999 EUR – 10.10%
– From 12 000 EUR – 10.60%
Important: investments made separately are not aggregated and cannot be pooled.
Project Plan:
UAB "Tarptautines investicijos" has acquired two residential houses located at Nendrių st., Svenceles village, Priekule, Klaipeda district, which have been fully furnished and are ready for short-term rental. The expected short-term rental price for these houses is 74-145 EUR/day. The financing of this project will be used to refinance an existing loan at another credit institution and for working capital.
Loan Information:
Interest payments to investors will be made from short-term rental income, which amounts to approximately EUR 1,862 per month. Monthly loan payments amount to approximately EUR 1,745. The rental income received is sufficient to cover the loan payments. The final repayment of the loan is planned through refinancing the loan at another credit institution or by selling the real estate.
The maximum planned project financing amount is 200,000 EUR. The project is financed based on the current valuation of the collateralized property until it reaches the maximum loan-to-value (LTV) ratio. Once the maximum LTV is reached, a new property valuation will be conducted, and further project financing stages will be announced and collected only if the maximum LTV is not exceeded.
The target amount is planned to be raised within 7 days, with the possibility of extending to 30 days if the funds are not raised.
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.
