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Loan for real estate development - "Naujasis paj?ris" IX stage. The company is developing 51 residential houses on the seaside. Since the beginning of the project financing, the foundation for 25 houses has been registered in the project, roads and sidewalks have been built, 7 houses have been built: 6 one-room houses and 1 two-room house. This house is decorated. Last week, the project developer began construction of 3 new homes. The developer has signed reservation agreements for three houses worth 333 thousand euros. "Naujasis paj?ris" is a completely new "green" energy recreation-residential quarter in the quiet resort of Šventoji, Elijos Street, just 1 kilometer, or 15 minutes, walk to the sea. It is a house complex designed on a particularly spacious 9 ha plot of land. Investors are pledged a plot of land owned by the developer, where 34 one-room and 17 two-room houses will be built. One-storey - 2-storey (72 sq. m.) And two-storey - 2-storey (126 sq. m. Each house will be equipped with a solar power plant (solar panels integrated on the roof). The whole architecture will prevail in the whole quarter, each house will have a private plot of land and its own terrace. All engineering networks are planned: water supply, domestic sewage, electricity. The environment and infrastructure have been arranged, and pedestrian and bicycle paths have been installed. For all investors, real estate is mortgaged with a primary mortgage. Maximum planned amount of project financing: EUR 700,000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds. More information about the project: www.naujasispajuris.lt

About the Profitus

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
N/A
What does Profitus offer?

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.

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