We present a new financing project with different stages "Vienbutis Paluknio gatveje". The money raised will be allocated to the final payment for the plot of land and the development of real estate. The amount to be raised at this stage is EUR 47 900.
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.
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 85 300.
Maximum planned amount of funding for the project: EUR 1 000 000. 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 4 999 - 10.5%
- From EUR 5 000 – 11%
Important: separately made investments 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 with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
