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Namas Vilkyskiuose

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100 %
  • Status funded
  • Goal 94,500 EUR (€)
  • Raised 94,500 EUR (€)
  • Investors 176
  • Interest rate 10%
  • Loan To Value(LTV) 68%
  • Credit Duration 6 month

We present a new financing project “Namas Vilkyskiuose”, the funds of which will be allocated to the refinancing of an existing loan. The amount to be raised is EUR 94 500.

About the owner of the project:
The owner has long years of experience in RE expansion. He already had investments on Profitus platform and successfully finished 3 projects (Dvibutis “Seimos kvartale”, “Siaures sodai”, “Komfortiski soduose”). For now the owner is in a process of finishing a few other projects crowdfunded on Profitus (“Vilniaus priemiescio loftai” and “Rapsu namas”).

The aim of the project:
The project owner will use the raised amount to refinance an existing loan. This loan will be repaid from the proceeds of the sale of the real estate. The house is already reserved, so this decision will give the project owner time to arrange the documentation for handing over the house and prepare for a notarial transaction.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a 77.53 Square meters residential house and a 47.03 Square meter outhouse located on 6.05 Are land are pledged. Land with the buildings is located Ketvirtoji st 14, Vilnius district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 140 000.

Interest by investment amount:
– From EUR 100 to EUR 499 – 10%
– From EUR 500 to EUR 1 499 – 10.5%
– From EUR 1 500 to EUR 4 999 – 11%
– From EUR 5 000 to EUR 9 999 – 11.5%
– From EUR 10 000 – 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.

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