Back to Profitus offerings

Vienbutis Paluknio gatvėje III

CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 32,700 EUR (€)
  • Raised 32,700 EUR (€)
  • Investors 158
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the third stage of the phased financing project “Vienbutis Paluknio gatveje”. The project funds will be allocated for the development of real estate. The amount to be raised at this stage is EUR 32 700.

About the project owner:
The project owner has experience in real estate development. Implemented different real estate development projects with a total area of ​​20 000 square meters.

About the project:
The owner of the project purchased a 5.14-acre plot of land with a building permit for the development of a 79.80-square-meter, one-story residential house. Currently, the residential house already has a covered roof. The house will be sold. Estimated sales revenue is about EUR 215 000.

Progress of the project:
Since the first financing stage, the owner of the project has finally paid for the plot of land, completed the masonry work, installed wall partitions, poured the floor, brought communications, covered the roof, installed windows and started the interior decoration.

To ensure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a residential house with an area of ​​79.80 square meters and a plot of land belonging to it with an area of ​​5.14 acres are pledged, at Paluknio st. 72, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 168 000.

Maximum planned amount of funding for the project: EUR 1 000 000.

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

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!