We present a new phased financing project - "Namas D45 II". The raised funds will be allocated to the development works of the "Biciuliu terasos" project. The amount to be raised at this stage is EUR 50 000.
The aim of the project:
The owner of the project will allocate the raised funds to the construction works of the project "Biciuliu terasos" and the completion of the mortgaged house. The project develops A+ energy class houses, characterized by unified architecture, spacious 8-10 acre plots of land for each house. Nearby are forests, Trakai lakes and the castle, which can be reached by bicycle. 80-120 sq. m residential houses will be equipped with partial or full decoration. The houses will be sold, the estimated sales revenue of the entire project is EUR 8 575 000.
Project owner:
The owner of the project has accumulated many years of experience in the development of individual house blocks ("Kalvu terasos", "Vilniaus kalvos", "Giraites slenis").
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 102.57 square meters A + class residential house and a plot of land with an area of 10.27 acres are pledged, at Dusmenu st. 45, Vilnius. According to an independent real estate appraiser, Ober-Haus, the value of the mortgaged property is EUR 250 000.
Maximum planned amount of funding for the project: EUR 196 000. 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 EUR 100 to EUR 499 – 10%
- From EUR 500 to EUR 2 999 – 10.5%
- From EUR 3 000 to EUR 9 999 – 11%
- From EUR 10 000 to EUR 14 999 – 11.5%
- From EUR 15 000 – 12%
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.
