- Construction Progress: Since the previous financing stage, the construction of the property has progressed rapidly. The windows have been installed, the building has been insulated, and the actual completion level is currently around 65%.
- Guarantee: The entire loan amount is guaranteed by a financially strong related company, UAB "Sigmaris."
- Attractive Project Location: The project is being developed on Vanagupės Street, one of the most desirable residential areas in Palanga, with well-developed infrastructure.
Interest Rates by Investment Amount:
– From 100 EUR to 349 EUR – 8.70%
– From 350 EUR to 749 EUR – 9.00%
– From 750 EUR to 2 499 EUR – 9.25%
– From 2 500 EUR to 7 499 EUR – 9.50%
– From 7 500 EUR – 9.70%
Important: separate investments are not combined and cannot be aggregated.
About the Project:
The project owner continues to actively develop the recreational building project in Palanga, at Vanagupės g. 52. Since the previous financing stage, the project has been successfully progressing — construction works have advanced significantly. Currently, windows have already been installed, the building is insulated, and the actual completion rate has reached about 65%. The registered completion rate currently stands at 34%.
This modern recreational building will be adapted for comfortable living and will consist of 18 residential units, each with an associated storage room (18 total) and 18 parking spaces. The project is being developed in a strategically convenient location in Palanga, where the developed infrastructure will ensure easy access and comfortable recreation. The developer plans to complete construction by Q4 2025 and sell all apartments by Q1 2026.
Loan Information:
This loan will be repaid from sales revenue, which is expected to amount to 4,321,529 EUR (excluding VAT). Interest payments will be covered by the income of group companies.
Maximum planned project financing amount: 2,215,500 EUR (of which 866,115 EUR has already been raised).The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be conducted, and further financing stages will only be announced and raised if the set maximum LTV is not exceeded.
We plan to raise the required amount within 7 days, with the possibility of extending this period up to 30 days if the funds are not raised.
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.
