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We present a new phased financing project - "Seimos dvibutis" Gvazdiku kvartale" III. The raised funds will be used for the development of the real estate project. The amount to be raised at this stage is EUR 17 200.

About the project:
The owner of the project is developing an A++ class, 189.40 square meter, two-story semi-detached house with a carport on a 7.96-acre plot of land. At the moment, the walls of the semi-detaached house have been raised in the project, the roof work has been completed, the partitions on both floors have been built, concrete stairs have been installed with a part of the overlay. The apartments will be sold partially finished. Estimated sales revenue of the entire project is EUR 370 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a plot of land with the foundations of a semi-detached house, is pledged at Gvazdikiu Sody str. 11, Vilnius. According to an independent real estate appraiser, the value of real estate pledged to investors is EUR 146 800.

Maximum planned amount of funding for the project: EUR 200 000. 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. LTV at this stage - 66%.

Interest by investment amount:
- From 100 EUR to 499 EUR – 9.5%
- From 500 EUR to 1 999 EUR – 10%
- From 2 000 EUR – 10.5%
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

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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