Back to Profitus offerings

Lapino namai Biciuliu terasose III

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 36,500 EUR (€)
  • Raised 36,500 EUR (€)
  • Investors 82
  • Interest rate 8.5%
  • Loan To Value(LTV) 65%
  • Credit Duration 12 month

We present the third stage of the stage project “Lapino namai Biciuliu terasose”. The funds raised will be used for the development of a quarter of individual houses. The amount collected is EUR 36 500.

In the previous stage of project financing, communications and infrastructure were installed, foundations and walls were formed and the construction of 3 one-room and 2 two-room houses was started in Ateities str. 46, 48, 50, 62, 64. Ateities st. 46, 48 and 50 were also fitted with roof structures. 3 single rooms currently have 34% registered completion, 2 double apartments have 30% registered completion. A contract for road paving works is currently being signed, and the road surface will be laid in July. The project already has lighting and all the necessary communications, the installed water supply is connected to the city networks. In the next stage, it is planned to pave the streets and manage the infrastructure.

“Lapino namai Biciuliu terasose” is a quarter of newly built individual houses. A + energy class dwellings with unified architecture, spacious 8-10 acre plots for each house are being developed. Nearby – forests, Trakai lakes and a castle that can be reached by bicycle. 80-120 sqm m residential houses will be equipped with partial or full finishing. Houses with land plots and partial finishing will be sold for 135 – 182 thousand. euro price. The purchase of a home will be provided with the opportunity to take advantage of the housing loan subsidy provided by the state.

To protect the interests of investors, 18 plots are pledged in Ateities str., Trakai district, with a total area of ??1.4879 acres. The houses planned to be built on the plots will also be mortgaged to investors. At present, a rubble road has already been built, water supply and sewage communications have been laid and connected to the city networks. Also, one house has already been sold, its value is EUR 182 000.

The maximum funding amount is EUR 500 000. The borrower will have the right to borrow additionally in other stages, provided that it does not exceed the maximum LTV of 65%. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. The loan-to-value ratio (LTV) at this stage is 57%.

Interest by investment amount:
– From EUR 100 to EUR 2 999 – 8,5%
– From EUR 3 000- 9,5%
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.

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!