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Uzupio angelo butai

Profitus
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100 %
  • Status funded
  • Goal 231,000 EUR (€)
  • Raised 231,000 EUR (€)
  • Investors 263
  • Interest rate 8%
  • Loan To Value(LTV) 65%
  • Credit Duration 12 month

We present a new financing project – “Uzupio angelo butai”. The funds raised will be used for the acquisition of real estate. The amount to be raised is EUR 231 000. This loan will be reapaid by the proceeds from the sale of the property.

About the project owner:
The project owner has many years of experience in real estate development. Previously, Profitus funded and successfully implemented 1 similar attic reconstruction project on the platform. He is currently implementing other projects funded by the platform, “S63 loftai” and “Butai Kestucio 5” in Vilnius.

The aim of the project:
The owner of the project intends to purchase an apartment and an attic in the prestigious and infrastructurally developed Vilnius district – Uzupis. The purpose of the attic is currently non-residential, but it is planned to change it to a residential one soon. It is planned to reconstruct the apartment in the project, and to install 3 more apartments in the attic. The planned revenue from the sale of all apartments is EUR 789 000. Work is scheduled to begin in March.

To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors, an attic and an apartment with a total area of 211.97 square meters are pledged at Uzupio st.16, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 363 000.

Interest by investment amount:
– From EUR 100 to EUR 2 999 – 8%
– From 3 000 EUR – 9%
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.

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