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The new seaside II

Profitus
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100 %
  • Status funded
  • Goal 100,000 EUR (€)
  • Raised 100,000 EUR (€)
  • Investors 170
  • Interest rate 12%
  • Loan To Value(LTV) 40%
  • Credit Duration 12 month

Loan for real estate development – „The new seaside“ II stage. The company is developing 51 residential houses on the seaside. At this stage, the company will use the borrowed funds for environmental management and development of 4 demonstration houses with full finishing. The developer has signed reservation agreements for three houses, sales are worth 390 000 Eur.

„The new seaside“ is a completely new quarter of houses for living and recreation with the use of environmentally friendly “green” energy, located in the calm resort town of Sventoji, on Elijos Street, just 1 kilometre or 15 minutes walk to the sea . This is a complex of houses designed on a land plot of 9 hectares.
72 sq. m and 126 sq. m houses are being developed in this project, with full or partial housing decoration. Each house will be equipped with a solar power plant (solar panels integrated on the roof).
The architecture will prevail in the whole quarter, each house will have a private plot of land and its own terrace. All engineering networks are planned: water supply, domestic sewage, electricity. The environment and infrastructure have been arranged: paved streets, street lighting, pedestrian and bicycle paths.

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.

For those who invest more than EUR 5,000 +1%, and from EUR 50,000 + 2% of annual interest. For more information, please call +370 637 60 776 or write by e-mail info@profitus.lt. For all investors, real estate is mortgaged with a primary mortgage.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

Learn more about this project: www.naujasispajuris.lt

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