- Experienced Project Owner: The developer is an experienced real estate market player, having developed 6 projects with a total area of approximately 6,380 m².
- Liquidity: The mortgaged real estate is liquid, 100% complete, and located in Pärnu, Estonia.
- Profitable Project: Upon the sale of the mortgaged property, a project profit of EUR 151,700 is expected.
Interest by investment amount:
– From 100 EUR to 299 EUR – 7.00%
– From 300 EUR to 999 EUR – 7.30%
– From 1 000 EUR to 4 999 EUR – 7.60%
– From 5 000 EUR – 8.00%
Important: investments made separately are not aggregated and cannot be pooled.
Project objective:
The developer seeks to refinance the existing obligation due to lower borrowing costs. The project owner has developed a 349 square meter semi-detached residential house located at Kalda tee 11, Pärnu, Estonia. The house is for sale.
Loan Information:
The loan will be covered from the sale of the collateral, estimated sales revenue of EUR 490,000. Interest to investors will be paid from the project owner's operating income.
The maximum financing amount: EUR 175,500. The project is financed based on the current valuation of the collateralized property until it reaches the specified maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be performed, and further project financing stages will be announced and collected only if the specified maximum LTV is not exceeded.
We plan to collect the target amount within 7 days with the possibility to extend it to 30 days if the target is not reached.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
