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Stage project for real estate development "Namai Kalnenuose" - Stage II. "Namai Kalnenuose" - a one-storey, modern residential house project is being developed in Vilnius. Much attention is paid not only to the interior, but also to the facade decoration: one side of the house will be covered with wooden siding, the other - metal decoration. This is an "eco-friendly" project, as it is planned to use environmentally friendly materials for construction. On a 8.14-acre plot of land, a two-apartment house with a total area of ??216.97 sq. M. m. The estimated sale price of one part of the house is 148,000 EUR. The project has already started, the foundations have been laid, the frame of the house has been built, the walls have been heated and the roof has been covered. The funds raised during this funding phase will be used to continue construction work. As a guarantee to investors, real estate is pledged - an 8.14-acre plot of land and a two-apartment house located at it, at Armenu str. 15, Vilnius. For investors at all stages, the property is pledged as a primary mortgage. The company has experience in real estate development and has been successfully operating since 2011. This loan will be repaid from the proceeds of the sale of the property. Maximum planned amount of project financing: EUR 350,000. The borrower will have the right to borrow additionally in other stages, provided that it does not exceed the maximum LTV of 70%. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. 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.

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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