We present the third stage of the phased financing project "Namas Berzu g.". The raised funds will be used for the completion of the RT project. The amount to be raised at this stage is EUR 36 000.
About the project:
The owner of the project is building a residential house in Vilnius district. The house is one-story, 134.53 square meters, with a 44.79 square meters shed for two cars. The living area of the house will be 74 square meters. The house will have three separate bedrooms, one bathroom, a shared kitchen and living area. The planned income from the sale of the house is EUR 195 000. The funds for the second phase will be used to complete construction work.
Progress of the project:
Since the beginning of the first financing stage, the owner of the project has completely built the residential house - installed windows, doors, installed the roof and facade insulation and finishing materials. Currently, the registered completion of the house is 45%. In the near future, the interior premises will be completed up to partial finishing, the territory will be fenced and the building will be maintained. After completing these works, the new actual completion of the house will be registered in the Registry Center and the sale process will begin.
To ensure the interests of investors, a real estate primary mortgage is pledged:
To secure the interests of investors, 134.53 sq. m building and 2 land plots with a total area of 23.44 ares are pledged in Vilnius district. According to an independent real estate appraiser, the value of the mortgaged property is EUR 104 400.
The maximum planned amount of funding for the project: EUR 100 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV - 70%. 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. The loan-to-value ratio (LTV) at this stage is 70%.
Interest by investment amount:
- From EUR 100 to EUR 499 - 10%
- From EUR 500 to EUR 2 499 - 10,5%
- From EUR 2 500 - 11%
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.
