Back to Profitus offerings

Naujakuriu daugiabutis Kaune V

Profitus
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 80,000 EUR (€)
  • Raised 80,000 EUR (€)
  • Investors 180
  • Interest rate 10%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the fifth stage of the phased financing project – “Naujakuriu daugiabutis Kaune”. The amount to be raised at this stage is EUR 80 000. This loan will be covered from the company’s operating income and real estate sales.

Project owner:
The project owner has experience in real estate development. Has implemented 4 different construction projects with a total area of 4 700 square meters.

The aim of the project:
The project owner plans to build two apartment buildings with a total area of 2 247.5 square meters with a planned closed parking lot. The apartment buildings will have apartments of 50-75 square meters. One apartment building will consist of 18 apartments, the other – 15. The apartments are planned to be sold with partial finishing. Revenue from the sale of all apartments will amount to EUR 4 200 000.

Progress of the project:
The developer allocated the project funds collected in the previous stages (EUR 185 000) for the refinancing of existing loans, paid the designer, infrastructure fee, advance payments for materials (foam, bricks, blocks, wool), advanced payment for overlays. The collected funds of the last stage (EUR 35 000) were intended for settlement with the architect (for correction of the project), advance payments were made for part of the building materials, floor slabs, blocks, the plot of land was prepared for construction works.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors a plot of land with an area of 33.80 ares is pledged at Naujakuriu st. 118, Kaunas. According to an independent real estate appraiser of UAB “Ober-Haus”, the value of real estate pledged to investors is EUR 600 000.

Maximum planned amount of funding for the project: EUR 1 400 000. 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. LTV at this stage – 50%.

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

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!