Back to Profitus offerings

Namai Fazanu g. III

Profitus
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.
100 %
  • Status funded
  • Goal 63,800 EUR (€)
  • Raised 63,800 EUR (€)
  • Investors 204
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new staged financing project “Namai Fazanu g. IiI”, the funds of which will be allocated to the purchase of real estate. The amount to be raised at this stage is EUR 63 800.

The aim of the project:
The owner of the project is buying two plots of land with a total area of 60.33 acres, where he plans to develop four 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 1 064 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of the investors, 4 plots of land with a total area of 60.33 acres are pledged at the Fazanu st. 15, 17, 19, 21 Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is currently EUR 132 900.  

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.

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!