- 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.
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 1,125,250 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 ist eine Crowdfunding- und Investitionsplattform mit einer Mindestinvestition von 100 Euro. Profitus-Investitionen sind durch Immobilienhypotheken gesichert. Ihre Investition ist durch eine erste oder zweite Hypothek auf die Immobilie sowie durch andere Sicherheiten (z. B. eine Bürgschaft oder Garantie) gesichert. Transaktionen werden über Lemonway, einen regulierten Zahlungsdienstleister, abgewickelt.
Profitus ist eine Crowdfunding- und Investitionsplattform, deren Hauptziel es ist, Investitionen für alle verfügbar zu machen. Investitionen beginnen bei 100 Euro, und die Plattform ist 24/7 geöffnet. Investitionen sind durch die Verpfändung von Immobilien und anderen Sicherheiten (z. B. Entschädigung oder Garantie) gesichert. Verschiedene Projekte haben unterschiedliche Sicherheitsinstrumente, auf die Benutzer im Selbstbedienungsmodus für jedes Projekt zugreifen können.
Profitus berät sich mit der Bank von Litauen, um eine perfekte Einhaltung des Gesetzes sicherzustellen. Profitus arbeitet mit Lemonway, einem regulierten Zahlungsdienstleister.
