We present a new phased financing project - "Namas Svirbygalos g.". The raised funds will be used for real estate development. The amount raised at this stage is EUR 50 000.
About the project owner:
The project owner has experience in the field of real estate. There are developed two houses in Vilnius with a total area of 350 square meters.
The aim of the project:
The owner of the project will allocate the raised funds for the construction of a semi-detached house with an area of 277 square meters in Kaunas. Currently, the registered completion of the house is 41% according to the data of the Registry Center. This loan will be repay by the proceeds from the sale of this project. Estimated income is about EUR 500 000.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a semi-detached house under development with an area of 3 277 square meters and a plot of land with an area of 7,53 acres are pledged at the address Svirbygalos st. 38, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 205 000.
Maximum planned amount of funding for the project: EUR 150 000. 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 100 EUR to 499 EUR – 10%
- From 500 EUR to 2 499 EUR – 10.5%
- From 2 500 EUR – 11%
Important: investments made separately are not aggregated.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising 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.
