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Lakstingalu namas

Profitus
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100 %
  • Status funded
  • Goal 29,600 EUR (€)
  • Raised 29,600 EUR (€)
  • Investors 78
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new phased financing project “Lakstingalu namas”, the funds of which will be allocated to the development of real estate. The amount to be raised at this stage is EUR 29 600.

About the owner of the project:
The owner has long years of experience in RE expansion. He already had investments on Profitus platform and successfully finished 3 projects (Dvibutis “Seimos kvartale”, “Siaures sodai”, “Komfortiski soduose”). For now the owner is in a process of finishing a few other projects crowdfunded on Profitus (“Vilniaus priemiescio loftai” and “Rapsu namas”).

About the project:
The owner of the project plans to develop a 124.56 square meter, two-story, 4-room residential house. City communications are brought to the plot of land, underfloor heating will be installed throughout the house. The house will be sold fully furnished. Estimated sales revenue is around EUR 245 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a plot of land with an area of 5.55 acres is pledged at Lakstingalu sodu 4-oji str. 7, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 70 000.  

Maximum planned amount of funding for the project: EUR 120 000. 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 EUR 100 to EUR 499 – 9,5%
– From EUR 500 to EUR 1 999 – 10%
– From EUR 2 000 – 10,5%
Important: separately made investments 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.

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