We present a new phased financing project “Jaunystes namai”, the funds of which will be allocated to the final payment for land plots. The amount to be raised at this stage is EUR 75 000.
About the borrower:
The developer has a lot of experience, having developed about 4 thousand square meters (as a manager) and about 6 thousand square meters of real estate projects under the company’s name. The developer previously received financing on the Profitus platform and has completed 9 real estate projects. Projects were successfully finished, and investors were paid back on time.
The aim of the project:
The owner of the project plans to develop the construction of 3 residetial houses in Vilnius. Houses will have an area of 217 square meters, energy class A++. Each house will own a land plot of at least 13 acres. Houses will be sold partially finished. The planned sales revenue of the entire project is about EUR 1 167 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 3 plots of land with a total area of 0.4215 hectares are pledged at Jaunystes st., Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 168 000.
Maximum planned amount of funding for the project: EUR 850 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When 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 – 9.5%
– From 500 EUR to 4 999 EUR – 10%
– From 5 000 EUR to 9 999 EUR – 10.5%
– From 10 000 EUR to 14 999 EUR – 11%
– From 15 000 EUR – 11.5%
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.