We present the new stage of staged financing project – „Loftai Savanoriuose II". Project owner will use will use the pooled amount for real estate development. The amount to be raised at this stage is EUR 22 546.
About the project owner:
The project owner has experience in real estate development. Implemented 7 different construction projects with a total area of 6 400 square meters. The developer is financing 7 projects on the Profitus platform („LOFT206", „Basanaviciaus patalpos", „Elniu namas Viciunuose", „Butas Sodu G66-33", „Butas Vaidoto G192A-2", „Paslaugu patalpos Basanaviciaus al.",„Butas Vaidoto G192E–2"). Investors are paid interest on time. He has already returned part of the funds in „LOFT206" and „Basanaviciaus patalpos".
About the developing project:
The owner of the project is developing eight semi–detached and two single-family houses on nine plots of land. Currently, the 6th semi-detached house is being developed in the project. It is planned to develop all the remaining houses by the new year. Four houses are already reserved. Estimated income from the sale of all houses EUR 2 993 000.
Maximum planned amount of funding for the project: EUR 200 900 (EUR 178 354 already raised). The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded. The loan-to-value (LTV) with VAT at this stage is 70%.
Interest by investment amount:
– From EUR 100 to EUR 299 – 10.5%
– From EUR 300 to EUR 899 – 11%
– From EUR 900 – 11.5%
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.
About the Profitus
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.
