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Namai Moluvenu g.

Profitus
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100 %
  • Status funded
  • Goal 60,000 EUR (€)
  • Raised 60,000 EUR (€)
  • Investors 131
  • Interest rate 9.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new staged financing project “Namai Moluvenu g.”, the funds of which will be allocated to the development of real estate and the final settlement of land plots. The amount to be raised at this stage is EUR 60 000.

About the borrower: 
The developer has a lot of experience, having developed about 4 thousand square meters (as a manager) and about 6 thousand square meters of real estate projects under the company’s name. The developer previously received financing on the Profitus platform and has completed 9 real estate projects. Projects were successfully finished, and investors were paid back on time.

About the project:
The owner of the project will develop the construction of 3 semi-detached houses, a total of 6 apartments, on the purchased plots of land. Apartments in semi-detached houses will have an area of 127 square meters, A+ energy class and two stories. Each apartment will own a 3.3-acre plot of land. Semi-detached houses will be sold partially finished. The planned sales revenue of the entire project is about EUR 1 254 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 3 plots of land with a total area of 19.8 ares are pledged at Moluvenu st. 3, 5, 7, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 120 000.  

Maximum planned amount of funding for the project: EUR 510 000. 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 collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.

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