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Houses Vasaros st.

Profitus
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56 %
  • Status active
  • Goal 18,000 EUR (€)
  • Raised 10,025 EUR (€)
  • Investors 40
  • Interest rate 11.1%
  • Credit Duration 18 month
  • The developer will use the funds to acquire land and for working capital;
  • The full amount of the loan is guaranteed by Jore Invest UAB, whose shareholders have more than 15 years of experience in the construction business. More information here;
  • The owner of the project is developing a residential estate. The developer is building A+ economy class housing for the whole family;
  • Attractive location of the property, fully developed infrastructure, nearby shops, schools and kindergartens, bus stop just 400 metres away.

About the project owner:
The developer has the status of a trusted real estate developer and together with PROFITUS has developed „Faustinos namai” interest is paid on time to investors.

About the project:
The project owner intends to acquire 9 land plots in Marijampole, Vasaros street. 4 land plots already have building permits, 5 land plots are in the process of obtaining building permits. The developer intends to divide the plots into 27 smaller plots and build 50 one- and two-family houses. The planned area per house is 60-80 square metres. The houses will be sold in partly finished condition, with an estimated sales revenue of EUR 120 000 per one-bedroom house or two-bedroom apartment. The loan will be reimbursed from the sale proceeds of the properties under development and interest will be paid to the investors from the sale proceeds of other properties.

Interest by investment amount:
– From EUR 100 to EUR 249 – 11.1%
– From EUR 250 to EUR 499 – 11.5%
– From EUR 500 to EUR 999 – 12%
– From EUR 1 000 to EUR 2 999 – 12.3%
– From EUR 3 000 – 12.6%
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 21 days if we do not raise funds.

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