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Zverynas, Seliu 48 III

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100 %
  • Status funded
  • Goal 129,000 EUR (€)
  • Raised 129,000 EUR (€)
  • Investors 192
  • Interest rate 7%
  • Loan To Value(LTV) 54%
  • Credit Duration 12 month

We present the third stage of the phased financing project “Zverynas, Seliu 48”. The funds raised will be used for real estate development. The amount to be raised at this stage is EUR 129 000.

The aim of the project:
The project funds will be used for refinancing due to the extended project receipt time. The project owner plans to build two commercial and residential buildings. Commercial / office premises on the ground floors and apartments on the 3-4 floors. The total area of the planned project without an underground site is 1967.37 square meters of which 840.07 square meters will be commercial premises and 1127.3 square meters will be for apartments. The planned construction costs are EUR 3 300 000. The primary source of reimbursement is other projects implemented by the group of companies. To date, the developer pays all contributions on time.

Progress of the project:
The funds collected at this stage will be allocated by the project owner for the preparation of the land plot works: obtaining permits, documentation, architectural solutions.

To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors, a 12.53 ares commercial land plot is pledged at Seliu st., Vilnius. According to an independent real estate appraiser, the value of the mortgaged property is EUR 1 124 000.

Maximum planned amount of funding for the project: EUR 600 000. 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.

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 999 – 7%
– From EUR 1 000 to EUR 9 999 – 7,5%
– From EUR 10 000 to EUR 49 999 – 8%
– From EUR 50 000 – 8,5%
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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