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Vorupes sklypai II

Profitus
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100 %
  • Status funded
  • Goal 87,000 EUR (€)
  • Raised 87,000 EUR (€)
  • Investors 205
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a second stage of staged financing project – “Vorupes sklypai”. The raised funds will be used for real estate development. The amount to be raised at this stage is EUR 87 000.

About the project owner:
The project owner has experience in real estate. Has implemented projects with an area of 1 000 square meters, including residential houses.

The aim of the project:
The owner of the project will allocate the raised funds for the construction of two A++ energy class, one-story residential houses, the total area of which will reach 360 square meters. After the completion of the construction works, the house will be sold. Estimated sales revenue of the entire project – EUR 600 000.

Progress of the project:
The owner of the project raised the walls of the house, covered the roofs and registered the house for the funds raised in the first stage. According to the register center, the house at the address Vorupes st. 74 registered completion – 16%, and Vorupes st. 76 – 22%.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, two hause and two plots of land with a total area of 23.12 ares and the construction of two residential houses are pledged at Vorupes st. 74 and 76, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 310 000.  

Maximum planned amount of funding for the project: EUR 400 000. 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 100 EUR to 499 EUR – 9%
– From 500 EUR to 999 EUR – 9.5%
– From 1 000 EUR to 4 999 EUR – 10%
– From 5 000 EUR to 9 999 EUR – 10.5%
– From 10 000 EUR – 11%
Important: investments made separately are not aggregated.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.

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