Profitus financed real estate project with 5.5% interest
A new investment project in Vilnius - lofts "K125" was financed on the crowdfunding platform "Profitus" with the lowest annual interest rate of 5.5% to date. The first investment project was financed on Lithuanian crowdfunding platforms under such conditions.
"Profitus offered interest to the investors of this project according to the size of the investment. The owner of the loft project will pay 5.5% annual interest to those who invested between 100 and 999 euros, and 6.5% interest to those who invested more than 1000 euros. The project, which offered low interest, was quickly financed due to the trust of investors and the positive experience of Profitus. The platform offers loans secured by the primary mortgage of real estate, so it is a safe investment," says Tomas Paliulis, head of the Profitus risk department.
A business loan of EUR 42,400 for real estate development, was mobilized in just 4 days. As many as 110 investors raised funds for the installation of 29 residential lofts.
"Crowdfunding platforms have already become the second choice of business when looking for financing both for the development of real estate projects and for business development. Such good financing conditions as this project helped to ensure our joint efforts. Last year, we became more attractive to many businesses than credit unions," said T. Paliulis.