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Introducing a second phase of stage financing project "Namai Matuso g.". The project owner will use the funds raised for development of real estate. The amount to be raised is EUR 58 000.

Progress of the project:
The owner of the project raised the walls of the first and second floors of the semi-detached house with the funds raised in the first phase.

The aim of the project:
The project funds will be used for the development of two semi-detached houses. The houses under development will be 208.8 square meters each. After the completion of the construction works, the house will be sold. Estimated sales revenue of the entire project is EUR 660 060.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the investors' interests, two apartments in a semi-dteached house with a total area of 220.02 square meters and a land plot belonging to them are pledged, at J. Matuso str., 27-1 and 27-2, Kaunas. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 234 000.

The maximum planned amount of funding for the project is EUR 220 000. 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 be carried out, and the further stages of financing the Project will be announced and collected only if the set maximum LTV is not exceeded.

Interest by investment amount:
- From EUR 100 to EUR 499 - 9%
- From EUR 500 to EUR 999 - 9.5%
- From EUR 1 000 to EUR 2 999 - 10%
- From EUR 3 000 - 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

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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