EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Loan To value
We present the second stage of the phased financing project "Zverynas, Seliu 48". The funds raised will be used to refinance a previous loan. The amount to be raised at this stage is EUR 190 000.
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.
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.
If the payment date is a non-working day, the payment is made on the next business day.
It is important to note that the Profitus received from the Borrower in connection with the repayment of the Loan are distributed and transferred to investors within 3 (three) business days.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.
To protect the interests of investors, a 12.53 ares commercial land plot is pledged at Seliu st., Vilnius.
Assets pledged to investors during this funding stage will also be used to secure the obligations of the project owner in the next (additional) stages of financing, provided that the project owner raises the value of the pledged property to a maximum LTV of 54%. Investors of all stages will be pledged with a primary mortgage.
When investing into this project, during the subsequent funding stages, the invested funds will be repaid to investors only after settlement with the investors who have invested in the previous funding stages. This condition does not affect the seniority of the investor’s right to the collateral, the overall ratio of the collateral to the amount of the investment. This provision will also not apply in the event of termination of the loan agreement.
Project owner UAB "Kausėta" 302883872
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Invest in Žvėrynas, Sėlių 48 II,Vilnius, Lithuania