Back to Profitus offerings

Latgalos apartamentai

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 126,000 EUR (€)
  • Raised 126,000 EUR (€)
  • Investors 339
  • Interest rate 9.5%
  • Credit Duration 12 month

Introducing the new funding project “Latgalos apartamentai. The project owner will use the funds raised for refinancing of existing loan. The amount to be raised is EUR 126 000.

The aim of the project:
The project funds will be allocated for refinancing of current loan. The pleged apartment has two floors, on the first floor there is a common kitchen and living room, on the second floor there are two bedrooms. Currently, the registered completion of the apartment, according to the Center of Registers, is 100%. This loan will be repaid by short-term rental and sale proceeds or by refinancing the loan if the apartment is not sold.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
To secure the interests of investors, an apartment of 48.39 square meters built in 2022 with a plot of land is pledged at Latgalos st. 9B-1, Palanga. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 180 000.

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: investments made separately are not aggregated.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.

Short term rent
 Price per night with VAT, EURPrice per night without VAT, EURDaysEmployment2023, EUR2024, EUR2025, EUR2026, EUR
January150124310%0000
February1501242810%347347347347
March1501243110%384384384384
April1501243010%372372372372
May1501243125%961961961961
June1501243050%1860186018601860
July25020731100%6405640564056405
August25020731100%6405640564056405
September1501243040%1488148814881488
October1501243125%961961961961
November1501243010%372372372372
December1501243110%384384384384
ALL:    19938199381993819938
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!