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Namas Sumsko g.

Profitus
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100 %
  • Status funded
  • Goal 220,000 EUR (€)
  • Raised 220,000 EUR (€)
  • Investors 135
  • Interest rate 7.5%
  • Loan To Value(LTV) 69%
  • Credit Duration 12 month

We present a new financing project “Namas Sumsko g.“. The major part of the raised amount will be used for the development of real estate projects, and the rest will cover the existing financial obligations. The amount to be raised is EUR 220 000.

Project owner:
The project owner’s company has been engaged in real estate development for 10 years. The owner has the status of a reliable developer and has experience in the construction of houses and two-apartment houses. Previously, the project owner successfully implemented 8 real estate projects on the Profitus platform and always paid interest on time and repaid loans to investors.

The aim of the project:
The project owner will allocate the major part of the concentrated amount for the development of real estate projects (Rykantu namai, Moluvenu namai, Satrininku namai), and the remaining part will be covered to cover the existing financial obligations. This loan will be covered 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 a 10.80-acre plot of land with a two-storey, 217.74 square meter, Class B residential building with a garage is pledged at Sumsko st. 252, Vilnius. Access to the house by an asphalt road. According to UAB “Ober-Haus”, an independent real estate appraiser, the value of the mortgaged real estate is EUR 322 000.

Interest by investment amount:
– From 100 EUR to 499 EUR – 7,5%
– From 500 EUR to 999 EUR – 8%
– From 1 000 EUR to 9 999 EUR – 8,5%
– From 10 000 EUR to 29 999 EUR – 9%
– From 30 000 EUR – 9,5%
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.

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