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We present a new phased financing project - "Los Cristianos apartamentai III". The raised funds will be used for the purchase of real estate in Spain. The amount to be raised at this stage is EUR 100 000.

The aim of the project:
The owner of the project plans to purchase a building with 19 apartments and one administrative room in the Los Cristianos region of Tenerife, Spain. The project is located right next to the beach. The apartments will be for rent. A small restaurant will also be located in the building, where future vacationers will be able to have a great time. The estimated monthly rental income of all apartments is about EUR 44 400.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
Land plots, apartments and houses located in Vilnius and the Vilnius district are pledged as a means of security to secure investors' interests. The mortgaged properties are located in attractive and highly demanded areas of Vilnius. You can find more detailed information about the assets to be pledged under the "Securities". According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 2 098 400.

Maximum planned amount of funding for the project: EUR 1 600 000. 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 ratio (LTV) in this phase 20%.

Interest by investment amount:
- From EUR 100 to EUR 499 - 8.5%
- From EUR 500 to EUR 1 999 - 9%
- From EUR 2 000 to EUR 4 999 - 9.5%
- From EUR 5 000 to EUR 9 999 - 10%
- From EUR 10 000 to EUR 19 999 - 10.5%
- From EUR 20 000  - 11%
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.

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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