Back to Profitus offerings

Lapino namai Biciuliu terasose IV

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 146,600 EUR (€)
  • Raised 146,600 EUR (€)
  • Investors 120
  • Interest rate 8.5%
  • Loan To Value(LTV) 65%
  • Credit Duration 12 month

We present the 4th stage of the stage financing project “Lapino namai Biciuliu terasose IV”. The funds raised will be used for the development of individual houses. The amount to be raised is EUR 146 600.

Progress of the project:
In the funding phase of the previous project, asphalt was laid throughout the settlement. The client repaid the first stage loan (EUR 118 000). After arranging the roads and having the houses built, the total value of the plots increased. The money from the fourth stage will be used for further construction of the house.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 5 residential houses and 18 plots are pledged at Ateities st., Trakai district, with a total area of 1.4879 hectares. The houses planned to be built on the plots will also be mortgaged to investors. According to an independent real estate appraiser, the value of real estate pledged to investors is currently EUR 519 300.

The maximum planned amount of project financing: EUR 500 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV of 65% is not exceeded. LTV at this stage – 55%.

Interest by investment amount:
– From 100 EUR to 2 999 EUR – 8,5%
– From 3000 EUR – 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!