Pastato konversija Mokyklos g. 69 II

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The project “Mokyklos str. 69 “Part II financing. The amount to be collected is EUR 99 800. The mobilized amount will be used for the reconstruction of the mortgaged property. The project is being developed in a quiet location, 1 km from the pine forest and the Baltic Sea, which is only a 13-minute walk away! The building stands infrastructurally in a developed location, with convenient access from both sides of the building, easy access to major city roads. The total area of ??the building is 759.49 sq.m (excluding the basement), the area of ??the land plot is 26.94 areas. Reconstruction and demolition of the premises have already started. The project envisages the formation and installation of 28 apartments. Currently, 22 apartments are signed advance booking contracts with a value of EUR 700 000. Once the apartments are formed and installed, they will be sold. The estimated sale price of the apartments is 1200-1400 EUR per square meter. An additional 115.49 will be sold terraces, the estimated selling price of which is 500-600 EUR per square meter. Estimated sales revenue for the entire project is EUR 1,050,000. To ensure the interests of investors, a plot of land (lease right) and a recreation building in Palanga, Mokyklos str. 69, with a total area of ??759.49 square metres. The value of the pledged property according to an independent appraiser is EUR 538,000. For investors the property will be pledged as a primary mortgage. The loan-to-value ratio (LTV) is 52%. Interest by size of investment: -From 100 to 499 - 8% -From 500 to 9,999 - 8.5% -From 10,000 - 9% Important: individual investments 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

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Lithuania

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.

Minimum investment

100 EUR

Advertised return

11,4%

Investors

44,041

Payment options

Direct debit, Bank transfer

Total funding volume

254,260,361 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. Profitus operates with Lemonway, a regulated payment service provider.

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