We present the new stage of the phased financing project – „Zvalgu butai II". The raised funds will be used to refinance the existing loan. The amount to be raised is EUR 900 000.
About the project owner:
UAB 'Victory Residential' belongs 'Victory Funds' and 'Citus Group'. The owner of the project has completed various construction projects in Vilnius and Kaunas, with a total area of more than 130 000 square metres.
The aim of the project:
The owner of the project has purchased 10 apartments in the „Trinapolio namai“ apartment building in Vilnius, built in 2021, with a total area of 433.45 square metres. It also has 7 underground parking spaces. All apartments are leased as of November 2022, generating a rental income stream of EUR 8 150 per month. The average monthly rental price of an apartment is EUR 815.
Project objective:
The project owner will use the funds raised to refinance an existing loan.
The maximum financed amount is EUR 1 229 900 (EUR 329 900 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) at this stage is 70%.
Interest by investment amount:
- From 100 EUR to 7 499 EUR – 9%
- From 7 500 EUR to 49 999 EUR – 9,5%
- From 50 000 EUR – 10%
Important: investments made separately are not aggregated.
We plan to collect the collected amount within 7 days, with the possibility of extending it until the 21st. without fundraising.
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.
