Back to Profitus offerings

Kalno 36

Profitus
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 270,000 EUR (€)
  • Raised 270,000 EUR (€)
  • Investors 203
  • Interest rate 9%
  • Loan To Value(LTV) 58%
  • Credit Duration 12 month

We present a new financing project “Kalno 36”, The funds of which will be used to increase the company’s working capital. The amount to be raised is EUR 270 000.

The aim of the project:
The owner of the project develops the lofts project “K125” in Vilnius, and also carries out contracting work in commissioned projects. For the successful further operation of the business, the company borrows by mortgaging a residential house with an area of 363.63 square meters in the Trakai district. The loan will be repaid from the sale of real estate projects under development and the income of the company.

About the project owner:
The project owner has 19 years of experience in both the development of real estate projects and the organization and execution of construction works. It is an experienced construction contractor who has contributed to the development of various real estate projects with a total area of 50 000 square meters. The company developed some of the objects as the project owner and participated as a contractor. Over the last two years, other companies managed by the company’s shareholder have successfully implemented an 8-apartment project in Vilnius, Uzupis and a “K125” loft project. At the moment, preparations are being made for the second phase of the “K125” project for the transfer of property and notarial transactions, most of the lofts have been sold.

The project owner has the status of a trusted developer:
Previously, the shareholder of the company financed and successfully implemented 5 real estate projects on the Profitus platform through two different companies, from which the investors earned a little more than EUR 75 000. The project owner always fulfilled all project loan obligations on time, some loans were repaid earlier than expected.

To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors a 21.43 acres plot of land with a 363.63 square meters residential building is pledged at Kalno st. 36, Dedeliskiu village, Trakai district. The registered completion of the property is 90%. According to an independent real estate appraiser, the value of the mortgaged property is EUR 468 000.

Interest by investment amount:
– From EUR 100 to EUR 499 – 9%
– From EUR 500 to EUR 2 499 – 9,5%
– From EUR 2 500 to EUR 4 999 – 10%
– From EUR 5 000 to EUR 9 999 –10,5%
– From EUR 10 000 – 11%
Important: investments made separately are not aggregated.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

Similar offerings