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Bridge loan for the development of real estate project "Lapino namai Vilniaus kalvose" - Phase I. The company is developing a residential quarter. The funds raised in the first stage will be used to pay for the communications and the construction of two houses. To protect the interests of investors, 8 plots with a total area of 69.36 a, Dusmenu str., Vilnius are pledged. The houses planned to be built on the plots will also be mortgaged to investors. "Lapino namai Vilniaus kalvose" is a new construction project, characterized by the fact that all houses will be of the same architecture, but not same houses. At present, a rubble road has already been built, water and sewage communications have been laid and connected to the city networks. It is planned to pave the streets and make lighting in the near future. Briefly about residential houses under development: • Unified architecture will prevail throughout the street; • Robust and environmentally friendly A + block-concrete walls; • High quality natural and durable facade materials; • Spacious 8-10 acre plots for each house; • Quiet location - right next to a 37 acre green area with a pond and part of the plots bordering the state land where there is a forest. Sample houses and their selling prices: • 102 m2 the price of the house with a plot, communications and partial finishing - from EUR 127 000 plus the infrastructure of the quarter. • 120 m2 the price of the house with the plot, communications and partial finishing - from EUR 148 000 plus the infrastructure of the quarter. For investors more than EUR 3 000 in addition + 1% to the annual interest. For all investors, the property is pledged with a primary mortgage. 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. Maximum planned amount of project financing: EUR 300 000. Each part of the loan will have to be repaid within the set term: 12 months. We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds. Project visualizations are provided.

About the Profitus

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 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. 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.

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