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Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
Multifamily Tolimosios sodu st., III
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
  • The project owner has the status of a trusted developer: He has successfully completed 12 projects on the Profitus platform with more than EUR 1 million in investor funding.
  • Proven track record of successful projects: Approximately 40 completed real estate projects demonstrate  the project owner's ability  to successfully execute  projects of varying  sizes and complexities. 
  • Significant contribution to the project's success: The client has invested EUR 410 000 of his own money (for the purchase of the plot and the house), which shows his strong commitment to the project and its success.
  • The multi-family building is surrounded by greenery: Naujosios Vilnios Park, Pukiu Forest, Pavilnio Regional Park, the Neris River, and other natural attractions are nearby.

About the project owner:
With over 20 years of experience in the construction sector, the project owner has successfully completed a wide range of projects, including construction, finishing work, and renovations.

About the project:
The project plan includes refinancing the existing loan and installing the ground floor of the house. The project owner is developing a multi-family residential building. The building will have 10 apartments with a total living area of 393 m2. All apartments are currently rented out, generating rental income of EUR 5 200 per month. The basement floor is also currently being developed in the building, where two apartments of 55 m2 each are planned. The apartments are planned to be fully furnished and equipped. The expected sales revenue for the two apartments is EUR 270 000 - 300 000. This loan will be covered from the sale proceeds of the pledged property and the sale proceeds of other projects developed by the project owner. Interest will be paid to investors from the project owner's operating income.

Project Rating (Project Loss Risk): A+. This rating is consistent with the previous project rating of B

The maximum amount to be financed: EUR 473 900 (EUR 290 000 already raised). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 70% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded

Interest by investment amount:
– From EUR 100 to EUR 299 – 11.00%
– From EUR 300 to EUR 749 – 11.50%
– From EUR 750 to EUR 2 999 – 12.00%
– From EUR 3 000 to EUR 9 999 – 12.50%
– From EUR 10 000 – 13.00%
Important: investments made separately are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

Location
Tolimosios Sodu 4-oji st. 2, Vilnius, Lithuania

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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