We present a new financing project - "Rapsu namas". The funds raised will be used for the development of a real estate project. The amount to be raised is EUR 72 000.
Project owner:
The owner of this project has experience in real estate. Has developed various real estate projects with a total area of more than 15 000 square meters.
The aim of the project:
Project owner on a 5.97 acre plot of land at Paribio str. 15., Vilnius district, is building a 73.91 square meters house with an unregistered attic. The total area of a house with an attic is 116.16 square meters. Currently, the registered completion of the house is 100%. For the raised funds, the project owner will tidy up the environment, pay for the materials and the work done. This loan will be repaid from the sale of real estate. The planned sale price of a one-apartment house with partial finishing is EUR 125 000, with full finishing - EUR 170 000.
To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors a 5.97 acre plot of land with a 73.91 square meters house with an unregistered attic is pledged at Paribio st. 15, Vilkiskiu village, Vilnius district. The total area of a house with an attic is 116.16 square meters. The registered completion of the house is 100%. According to an independent real estate appraiser, the value of the mortgaged property is EUR 106 000.
Interest by investment amount:
- From EUR 100 to EUR 2 999 – 8,5%
- From EUR 3 000 – 9%
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.
About the Profitus
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.
