We present the eighth stage of the phased financing project “Kvartalas "Baltai". The funds of this stage will be allocated for the development of real estate. The amount to be raised is EUR 200 000.
The "Baltai" quarter is a unique residential quarter. Much attention is paid to architectural elements that tastefully use Baltic symbols. Modern architecture was chosen due to rational building solutions and opportunities to expand the possibilities of the house by installing terraces on the roofs. Technologies implemented in construction and living environments are compatible with ecology, allow efficient use of energy resources and protect nature.
Progress of the project:
The owner of the project repaid the loan of the first stage with the funds of the sixth stage and continued the installation of the interior and facade of the house.The houses will be for sale. It is planned to sell one house / apartment with partial finishing from EUR 1 050 per square meter, and with full finishing from EUR 1 250 per square meter. The planned sales revenue of the whole project is EUR 7 900 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 40 land plots of land with a total area of 4,5516 ha are pledged at Fabriko st. 25; 25A; 25B; 25C; 25D; 25E; 25F; 25G; 27; 27A; 27B; 27C; 27D; 27E; 27F; 27G; 29; 29A; 29B; 29C; 29D; 29E; 29F; 29G; 31; 31A; 31B; 31C; 31D; 31E; 31F; 31G Vilnius, Vilnius city municipality. Seimenu st. 1; 3; 5; 7; 9; 11; 13; 15 Vilnius, Vilnius city municipality. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 2 205 400.
Maximum planned amount of funding for the project: EUR 3 500 000. 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.
The term of the investment is up to 9 months, at this stage the exact return date of the investment is planned for 14-01-2023.
Interest by investment amount:
- From 100 EUR to 999 EUR – 10%
- From 1 000 EUR to 19 999 EUR – 11%
- From 20 000 EUR - 12%
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.
About the Profitus
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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
