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Link Ten VIII

Profitus
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100 %
  • Status funded
  • Goal 87,800 EUR (€)
  • Raised 87,800 EUR (€)
  • Investors 87
  • Interest rate 6%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the eight stage of the phased financing project “Link Ten”. The funds of the eight stage will be allocated for the development of the project, the amount to be raised is EUR 87 800. The project is being developed by one of the largest real estate development companies in Lithuania – “Citus”.

About project:
“Link Ten” project consists of 2 apartment buildings with a total of 114, 31-83 square meters area of apartments with individual 6-31 sq.m. courtyards on the ground floors. The upper floors will also be designed spacious, 14-66 sq.m. area terraces. There will be 120 parking spaces and 45 parking spaces in the underground parking lot and bicycle storage. On the first floor of the apartment building will be installed 9, 31-55 sq. m of commercial premises, which will house businesses providing essential services. Apartment prices start from 2 455 euros per sq. m. Part of the assets (94 apartments, 9 commercial premises, 82. parking spaces and 38 bicycle storages) are already reserved, the value of reservations is EUR 13,77 million.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a 44,57 acres plot of land in Vilnius is being pledged – Linkmenu str. 19. According to an independent real estate appraiser, the value of the mortgaged property is EUR 1 520 000. The plot on which the apartment buildings are being built has a building permit. At present, the installation of garage walls and columns and ceilings have been carried out in both buildings. The walls of the fifth floor were built in one building, windows were placed, and the walls of the third floor were built in the other building.

The maximum amount financed is EUR 6 000 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV – 70%. 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 is not exceeded. The loan-to-value ratio (LTV) in this phase 70%.

In order to operate transparently and honestly, we would like to inform you that the investment company UAB Victory Development II for closed-ended informed investors is one of the members of the Citus group of companies, whose shareholders are also the shareholders of UAB Sutelktinio financing platform Profitus. We draw your attention to the fact that the project developer is directly related to UAB Sutelktinio financing platform Profitus. We confirm that the financing of the project is carried out in accordance with the principles of transparency, impartiality, openness and equality.

Interest by investment amount:
– From EUR 100 to EUR 999 – 6%
– From EUR 1 000 to EUR 4 999 – 6,5%
– From EUR 5 000 – 7%
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.

 

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