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Senamiescio Trio

Profitus
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100 %
  • Status funded
  • Goal 51,000 EUR (€)
  • Raised 51,000 EUR (€)
  • Investors 135
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the phased financing project „Senamiescio Trio. The project owner will use the pooled funds for property development. The amount to be raised in this phase is EUR 51 000.

About the project owner:
The project owner has experience in real estate. The developer has received funding on the Profitus platform and is developing the project Faustinos namai”, the project is on schedule and the interest is paid to investors on time.

Project objective:
The owner of the project is developing three 2 700 square metre four-storey A++ class apartment buildings with 48 designed apartments and parking spaces. The apartments will be sold with partial finishing. Reservations for apartments in blocks C and B are ongoing and 15 apartments have already been reserved. Estimated sales revenue EUR 4 293 000.

Project progress:
Construction work has started and the foundations of all blocks have been poured. The first floor of block B is under construction and the second floor of block C is under construction. Work will start on the A block once the masonry work on the B and C blocks has been completed. 

The maximum financed amount is EUR 1 500 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 28%.

Interest by investment amount:
– From EUR 100 to EUR 499 – 9%
– From EUR 500 to EUR 999 – 9.5%
– From EUR 1 000 to EUR 4 999 – 10%
– From EUR 5 000 to EUR 9 999 – 11.5%
– From EUR 10 000 – 12%
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.

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