We present a new staged financing project "Namai Fazanu g.", the funds of which will be allocated to the purchase of real estate. The amount to be raised at this stage is EUR 45 500.
The aim of the project:
The owner of the project is buying two plots of land with a total area of 30.06 acres, where he plans to develop two semi-detached houses. Each apartment in a semi-detached house will be about 95 square meters. Houses will be sold partially or fully furnished. The planned income from the sale of the project is about EUR 532 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of the investors, 2 plots of land with a total area of 30.06 acres are pledged at the Fazanu st. 15, 17 Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is currently EUR 102 800.
Maximum planned amount of funding for the project: EUR 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.
Interest by investment amount:
- From 100 EUR to 499 EUR – 9.5%
- From 500 EUR to 2 999 EUR – 10%
- From 3 000 EUR – 10.5%
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.