We present the sixth stage of the phased financing project – "Trys dvibuciai Didziojoje Rieseje". The funds of this stage will be used for the refinancing of the existing loan. The amount to be raised is EUR 36 700.
The aim of the project:
The owner of the project has acquired 10 plots of land on which he is developing a semi-detached houses project. The houses under development are 307 and 316 square meters in size. Each semi-detached house will have a 10 acre plot of land. Construction has already begun on two plots of land on two plots of land. The project owner will use the funds for this project to refinance existing loan. This loan will be repaid by the proceeds from the sale of the company's real estate.The sales revenue of the three semi-detached houses is estimated at about EUR 1 395 000.
Progress of the project:
Currently on the land plot at Zemoji str. 52, Vilnius district, one of the semi-detached houses is under construction. The walls of the first floor have already been laid. In the near future, floor panels will be installed and the walls of the second floor will be laid.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, six plots of land with a total area of 62 ares are pledged at the address Zemoji st. 46, 48, 52 and Vieversiu st. 10, 12, 16, Didzioji Riese village, Vilnius district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 445 100.
Maximum planned amount of funding for the project: EUR 900 000. 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 EUR 100 to EUR 499 - 10%
- From EUR 500 to EUR 1 499 - 10,5%
- From EUR 1 500 - 11%
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
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.
