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Staged project for real estate development "Neris Terasos". This is the first phase of this project, the amount collected is 45 000 EUR. The funds of this stage will be allocated for the implementation of the transformation project - design, change of the purpose of the pledged plots, installation of the road and communications. Neris Terasos is a new project in Vilnius. Very quiet place, surrounded by forests, near the bank of the Neris. 12,61 ares of garden and 2,09 hectares of forestry in the plots, the project owner will carry out a redevelopment project - will change the purpose and form 4 residential plots, where he plans to build 4 luxury houses of 230-250 sqm. After installing a house with partial finishing - they will be sold. The estimated selling price is 1,600 euros per square meter. The planned sales revenue of the whole project is 1,5 million. euros. As a guarantee to investors, real estate is pledged, which will be developed - 66,83 sq.m residential house with 12,61 ares of garden land and 2,09 hectares of forestry land at Kryzioku str. 286, Vilnius. Investors at all stages will be pledged the property with a primary mortgage Maximum planned amount of project financing: EUR 1,000,000. The borrower will have the right to borrow additionally in other stages, provided that it does not exceed the maximum LTV of 70%. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising 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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