- The pooled funds will be used for real estate development;
- The owner of the project has developed and sold 5 identical residential houses;
- The project owner has developed real estate projects of approximately 7 000 square metres;
- The property is close to a forest, the River Neris and several lakes.
About the project:
Pooled funds for the completion of a 79.98 square metre house in Vilnius. According to the Centre of Registers, the house is currently registered as 51% complete, and the actual completion rate is 43% based on the work already done. The developer has already invested about EUR 9 000 of his own funds. The owner of the project intends to furnish the house in a modern way with all appliances and furniture. Once these works have been completed, the house will be sold. The expected sales income is EUR 200 000. The loan will be covered by the sale proceeds.
Interest by investment amount:
– From 100 EUR to 499 EUR – 9.2%
– From 500 EUR to 999 EUR – 9.7%
– From 1 000 EUR to 1 999 EUR – 9.95%
– From 2 000 EUR to 4 999 EUR – 10.2%
– From 5 000 EUR – 10.7%
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.
