Back to Profitus offerings

Sklypas Zeimenos g.

Profitus
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 180,000 EUR (€)
  • Raised 180,000 EUR (€)
  • Investors 231
  • Interest rate 8.5%
  • Loan To Value(LTV) 48%
  • Credit Duration 12 month

We present a new financing project – “Sklypas Zeimenos g.”. The raised funds will be used for working capital. The amount to be raised is EUR 180 000. This loan will be covered by the proceeds from the sale of the property.

Project owner:
The project owner has experience in real estate development. Has developed an apartment building in Kaunas – “Aleksotas kastonas”. He has also built a number of cottages in Kaunas and Kaunas district.

About the project:
The project plans to build two 2 400-square-meter, 7-storey apartment buildings with 38 apartments.

The aim of the project:
The owner of the project will allocate part of the raised funds for the refinancing of the previous loan, and the other part for the preparation of the works of the mortgaged land plot: obtaining permits, documentation, architectural decisions.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors a 20-acre plot of land is pledged at Zeimenos st., 149 Kaunas. According to an independent real estate appraiser, the value of the mortgaged property is EUR 375 000.

Interest by investment amount:
– From 100 EUR to 499 EUR – 8,5%
– From 500 EUR to 4 999 EUR – 9%
– From 5 000 EUR – 9,5%
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.

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!