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Link Ten XX

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100 %
  • Status funded
  • Goal 300,000 EUR (€)
  • Raised 300,000 EUR (€)
  • Investors 124
  • Interest rate 8%
  • Loan To Value(LTV) 70%
  • Credit Duration 6 month

We present the twentieth stage of the phased financing project “Link Ten”. A new apartment building project is being developed in Vilnius, Linkmenu Street. The funds of the fifteenth stage will be allocated for the development of the project, the amount to be raised is EUR 300 000. 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 (104 apartments, 9 commercial premises, 112 parking spaces and 42 bicycle storages) are already reserved, the value of reservations is EUR 15,20 million.

Progress of the project:
Since the beginning of the financing, both apartment buildings have been fully built in the project, all windows and balconies have been installed, and the interior walls have been built. Currently, facade insulation, parking lot, roof interior installation works are being carried out – plaster / cardboard partitions are being installed, plastered walls are being installed, internal water supply, sewerage and ventilation installation works are being carried out, electrical installation works are being carried out in apartments and staircases, parking lot lighting is being installed.

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 5 069 900. The plot on which the apartment buildings are being built has a building permit. 

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 60%.

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 499 – 8%
– From EUR 500 to EUR 4 999 – 8,5%
– From EUR 5 000 to EUR 9 999 – 9%
– From EUR 10 000 to EUR 49 999 – 9,5%
– From EUR 50 000 – 10%
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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