- Collateral: Liquid real estate located in Vilnius is offered as collateral.
- Guarantee: The company's shareholder personally guarantees the entire loan amount.
- Attractive location of the property: The mortgaged real estate is located 500 meters from Pupojų Lake, which increases the property's attractiveness to buyers.
About the Project Owner:
The company, with experience in real estate development, has successfully completed a project at 17 Sodu Street, Bajorai. This project involved the construction of an apartment building with 6 apartments, with a total area of 900 m². Each apartment is spacious, with an area of 150 m². This successfully completed project confirms the company's ability to create high-quality and comfortable living spaces.
About the Project:
A new residential area is being developed in Vilnius, on Pupoju Street. The project owner offers four spacious, 107 m² detached houses. These homes will be sold with partial finishing, giving future owners the opportunity to customize the interior according to their needs and tastes.
Loan Information:
This loan will be covered by the proceeds from the sale of the project or by refinancing the loan. The planned sales revenue is approximately 1,322,165 EUR, including VAT. Interest to investors will be paid from the operating income of the project owner.
The maximum planned project financing amount is 670,000 EUR. The project is financed according to the current valuation of the collateral until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further project financing stages will be announced and collected only if the established maximum LTV is not exceeded.
Interest by investment amount:
– From 100 EUR to 299 EUR – 9.70%
– From 300 EUR to 749 EUR – 10.20%
– From 750 EUR to 3 499 EUR – 10.70%
– From 3 500 EUR to 14 999 EUR – 11.20%
– From 15 000 EUR – 11.70%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise 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.
