Katiliškio 31 | CrowdSpace

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Refinancing of the project "Katiliskio 31". Previously funded project funds were allocated to investors for the development of mortgaged property. The project is being refinanced due to protracted construction work. "KATILISKIO 31" project is four unique, A + class apartments, in semi-detached two-apartment houses, located in a rapidly developing district, Aleksotas, Kaunas. The convenient location from which to reach the city center will be easy by both private and public transport. A few minutes on foot or by bike to the nearest supermarkets, shops or children's playgrounds. Previously funded funds the developer used for investors mortgaged two-bedroom would be for construction, the completion of which at this stage is 50-60%. The project includes two-storey, ceramic block, two-apartment houses. The width of the first floor apartment with a terrace is 65.97 square meters, and the area of ??the second floor apartment with a balcony is 65.89 square meters. Each apartment has a parking space. The houses under construction will be equipped with windows, heating, plastered interior walls ready for full finishing. The first floors of the apartments are currently being built. It is planned to sell them after installation. The estimated selling price per square meter is 1200-1300 EUR. To protect the interests of investors, a 15-acre plot of land in Kaunas, M. Katiliskio str. 31 and after registering the two-apartment houses built on the plot (all apartments), they will also be pledged to investors. According to an independent real estate appraiser, the value of the mortgaged property is EUR 68000. We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds.

About the Profitus

ECSP license

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Lithuania

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.

Minimum investment

100 EUR

Advertised return

11,4%

Investors

44,041

Payment options

Direct debit, Bank transfer

Total funding volume

254,260,361 EUR

Average loan duration

N/A

What does Profitus offer?

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.

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