We present a new phased financing project – “Plomenu namai”. The raised funds will be used for the development of the real estate project and the purchase of the plot of land. The amount to be raised at this stage is EUR 89 400.
The aim of the project:
The owner of the project plans to build 5 one-story residential houses of A++ energy class, with a total area of 900 square meters, on five plots of land, with a total area of 65.67 acres, located on Plomenu street in Vilnius. The house will be sold fully furnished. Estimated sales revenue of the entire project is about EUR 1 150 000.
About the borrower:
The developer has a lot of experience, having developed about 4 thousand square meters (as a manager) and about 6 thousand square meters of real estate projects under the company’s name. The developer previously received financing on the Profitus platform and has completed 9 real estate projects. Projects were successfully finished, and investors were paid back on time.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 5 plots of land are pledged at Plomenu st., Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 178 997.
Maximum planned amount of funding for the project: EUR 600 000. 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 100 EUR to 499 EUR – 10.5%
– From 500 EUR to 1 999 EUR – 11%
– From 2 000 EUR to 4 999 EUR – 11.5%
– From 5 000 EUR to 9 999 EUR – 12%
– From 10 000 EUR – 12.5%
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.