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Maple House IV

Profitus
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100 %
  • Status funded
  • Goal 91,000 EUR (€)
  • Raised 91,000 EUR (€)
  • Investors 131
  • Interest rate 7%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

Bridge loan “Maple House” – IV stage of financing. The loan is for real estate development. The project is being developed by one of the TOP 5 real estate developers in Lithuania – CITUS.

The company is developing the project “Maple House”, residential apartment buildings. In total, the project envisages the construction of 189 apartments. In the first stage of construction, two apartment buildings (122 apartments) are being developed. Of these, 74 were reserved and preliminary sales agreements were signed, the value of which amounted to EUR 4,912,814. In the second stage, another 67 apartments will be developed. At this stage of financing, the borrowed funds will be used by the company for further development of the project. The developer is currently investing 1.5 million in the project. own funds.

Investors are pledged a 1.09 ha plot of land with the construction of 2 multi-apartment buildings at Partizan? st. 34, Kaune. The foundations of the first stage were laid on the land plot, the first floor was laid, the walls of the second floor were also laid in one apartment building, and ceilings were laid. Residential apartment buildings built on the mortgaged plot will also be mortgaged to investors. According to an independent real estate appraiser, the value of the mortgaged property is EUR 1,270,500.

The first phase of construction is planned to be completed by 2021. 04 months, after installing apartment buildings with 80% completion. 100% of the construction works are scheduled to be completed in 2021. 12 months After the completion of the first stage – the construction works of the second stage will be started by the developer in 2021. 01 month

Maple House is a new construction project, energy A + class utility housing, which is designed taking into account the needs of the local climate and building users, therefore energy consumption is extremely low. The project is being developed at the junction of Dainava and Zaliakalnis districts, surrounded by trade, recreation, entertainment and leisure places, medical and educational institutions. The project will improve well-being, equip outdoor musical instruments, fitness areas, a wooden house, an adventure track, fenced playgrounds. Picturesque rooftop terraces for relaxation. This project is being developed by CITUS, one of the TOP 5 real estate developers in Lithuania.

7.5% applies to investors of more than 10,000. Investors at all stages will be pledged the property with a primary mortgage.

Maximum planned amount of project financing: EUR 3,000,000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV – 70%.
After this financing stage, when the maximum LTV is reached, a new valuation of the pledged property will be performed. Further stages of the Project financing will be announced and collected only if the set maximum LTV of 70% is not exceeded.

In order to operate transparently and fairly, we would like to inform you that the investment company UAB Celijus for Closed-End Informed Investors is one of the members of the Citus group of companies, one of the beneficiaries of which is also the shareholder 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.

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

Project visualizations are also provided. More information about the project: www.klevunamai.lt

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