Namas Dusmenu g. 63Profitus
We present a new staged financing project – “Namas Dusmenu g. 63 ”. The funds raised will be used to refinance an existing loan and develop a real estate project. The amount to be raised is EUR 154 000.
The project owner is developing a newly built residential quarter in Vilnius, Dusmenu street. The new quarter is being built with all the necessary communications and an asphalt road. The owner of the project is well acquainted with the surroundings of Lentvaris and has developed a similar type of residential project there and has accumulated a lot of valuable experience in developing residential projects. The project owner has the status of a reliable entrepreneur – the project is rapidly developing and loans are repaid on time.
The aim of the project:
The project owner will allocate raised amount for the construction of other houses and refinance the existing loan. This loan will be repaid by the proceeds from the sale of the company’s real estate.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors an 8.34 acres plot of land with a 144.01 square meters A + class residential house is pledged at Dusmenu st. 63, Vilnius. According to an independent real estate appraiser, Ober-Haus, the value of the mortgaged property is EUR 220 000.
Maximum planned amount of funding for the project: EUR 210 000. 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 999 – 8%
– From EUR 1 000 to EUR 9 999 – 9%
– From EUR 10 000 – 10%
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.