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Verslo centras Zveryne II

Profitus
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100 %
  • Status funded
  • Goal 199,500 EUR (€)
  • Raised 199,500 EUR (€)
  • Investors 189
  • Interest rate 7%
  • Loan To Value(LTV) 52%
  • Credit Duration 12 month

We present the second stage of staged financing project “Verslo centras Zveryne”. The raised funds will be used for the refinancing of the previous loan. The amount to be raised at this stage is EUR 199 500.

The aim of the project:
The owner of the project is preparing to develop a high-class business center. It is planned to build a two-volume building, the facade of which would be dominated by glass showcases. The area of the future business center is planned to be about 4 300 square meters, of which about 2 300 square meters will be the above-ground part of the building (office), and the rest will be the underground parking floor. Future construction costs will amount to EUR 5 450 000. The primary source of repayment is other projects carried out by the group of companies. 

Progress of the project:
At the moment, architectural solutions are being coordinated with the municipality, during the consultations the aim is to refine the optimal project concept. After the concept is approved, the project will be prepared and the publicity procedure will begin. Funds raised at this stage will be used by the project owner for the refinancing of existing loans, and the design and other necessary documentation will be financed with the capital of the group of companies.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 12.53 ares plot is pledged, at Seliu st. 48, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 1 234 200 including VAT. 

Maximum planned amount of funding for the project: EUR 631 000. 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.

Important:
For new investors, the property will be temporarily pledged with a second mortgage, after refinancing all stages, all secondary mortgage holders – investors, will receive a pledge of the primary mortgage. The existing primary mortgage is administered by “Profitus”, so all investments are protected.

In order to operate transparently and honestly, we would like to inform you that the investment company UAB “Kauseta” for closed-ended informed investors is one of the members of the Citus group of companies, whose shareholders are also the shareholders of UAB Sutelktinio finansavimo platforma Profitus. We draw your attention to the fact that the project developer is directly related to UAB Sutelktinio finansavimo platforma Profitus. We confirm that the financing of the project is carried out in accordance with the principles of transparency, impartiality, openness and equality.

Interest by investment amount:
– From EUR 100 to EUR 499 – 7%
– From EUR 500 to EUR 999 – 7,5%
– From EUR 1 000 to EUR 4 999 – 8%
– From EUR 5 000 to EUR 9 999 – 8,5%
– From EUR 10 000 – 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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