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We present the fourth stage of the phased financing project "Nemirsetas gintarines kopos", the funds of which will be allocated to the development of real estate. The amount to be raised at this stage is EUR 30 000.

The aim of the project is:
The owner of the project is developing a semi-detached house consisting of 2 flats and an apartment building consisting of 4 flats (in total 6 flats) on a 12-acre plot of land, with a total area of 320 square meters, at Klaipedos highway 6H, Palanga. Apartments in the semi-detached house will be 60 square meters each, and in the four-flat apartment - 50 square meters. The flats will be sold partially furnished, but also fully furnished if needed. The planned sales revenue of the entire project is about EUR 960 000.

Progress of the project:
The owner of the project raised the first floor walls of the houses.

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 12.07 acres with buildings is pledged, at Klaipėdos highway 6H, Palanga. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 290 000.

Maximum planned amount of funding for the project: EUR 300 000. 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 EUR 100 to EUR 499 - 9.5%
- From EUR 500 to EUR 1 999 - 10%
- From EUR 2 000 to EUR 4 999 - 10.5%
- From EUR 5 000 to EUR 9 999 - 11%
- From EUR 10 000 - 11.5%
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

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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