- Construction progress: Significant progress has been made – the façade cladding has been partially completed, interior works are ongoing, and underfloor heating has been installed. The actual completion rate is about 75–80%
- Attractive location: The project is being developed on Vanagupės Street, one of the most desirable residential areas in Palanga, with well-developed infrastructure.
- Guarantee: The entire loan amount is guaranteed by a financially strong related company, UAB “Sigmaris”.
Interest rate by investment amount:
– From EUR 100 to EUR 499 – 8.70%
– From EUR 500 to EUR 1 999 – 8.90%
– From EUR 2 000 to EUR 7 499 – 9.10%
– From EUR 7 500 – 9.40%
Important: Separate investments are not cumulative and cannot be combined.
About the Project:
The project being developed in Palanga, at Vanagupės Street 52, continues to progress successfully. The developer consistently and actively carries out all planned works. Since the previous stage, part of the façade finishing has been completed – the building has been partially clad with clinker tiles. Inside, wall and ceiling plastering works continue, partitions are being installed, and underfloor heating systems have been laid in some premises, followed by a leveling concrete layer. These works have been fully completed on the third floor and partially on the second floor.
According to the appraiser, the actual completion of the project is currently around 75–80%, while the registered completion remains 34%.
This is a modern recreational building designed for comfortable living and leisure. It will consist of 18 residential units, each with a separate storage room and parking space. The project is being developed in a strategically convenient area of Palanga, where developed infrastructure ensures easy access and comfortable seaside recreation.
The developer plans to complete the construction by the end of Q4 2025 and to commence the sale of all apartments (conclusion of preliminary contracts) in the first quarter of 2026.. Marketing and sales activities are planned to begin upon reaching the partial finishing stage. The project is progressing steadily and according to schedule.
Loan information:
The loan will be repaid from the sales revenues. Interest will be paid from the group’s operating income.
The maximum planned project financing amount is EUR 2,215,500 (EUR 1,912,400 already raised). The project is financed based on the current appraised value of the pledged property, until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is achieved, a new property valuation will be carried out, and further project financing stages will only be launched if the maximum LTV is not exceeded.
The fundraising campaign is planned to be completed within 7 days, with the option to extend up to 30 days if the target amount is not reached.
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.
