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We present the third stage of the phased financing project  - "Truikio namai". The raised funds will be used for the development of the real estate project. The amount raised at this stage is EUR 30 000.

About the project owner:
The project owner has experience in real estate development. Implemented residential real estate development projects with a total area of 2 000 square meters.

The aim of the project:
The owner of the project will use the raised amount for the maintenance and installation of the house with an area of 79.99 square meters until it is fully finished. Currently, according to the data of the Registry Center, the completion of the house is 80%. After the construction of this house and the other mortgaged house, it is planned to rent it for two years and then sell it. The expected income from the sale of two houses is about EUR 400 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the investors' interests, two houses with a total area of 159.98 square meters and a plot of land of 9.71 acres are pledged at the L. Truikio st. 30, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is currently EUR 430 000.

Maximum planned amount of funding for the project: EUR 600 000. 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.

Interest by investment amount:
- From 100 EUR to 499 EUR – 10,5%
- From 500 EUR to 999 EUR – 11%
- From 1 000 EUR – 11,5%
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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