- The developer has invested EUR 2 030 500 of their own funds (for the purchase of land and project development) into the project, which demonstrates their strong commitment to the project and their confidence in its success.
- Duburio Street is surrounded by greenery: Parks, squares, and other green spaces are nearby, perfect for relaxation and leisure.
- Pupoju Lake: Just 2 km from Duburio Street, Pupoju Lake is a great place for relaxation and water activities. Scenic hiking and cycling trails surround the lake, and various events and festivals are held in the summer.
- Spacious and bright apartments: High ceilings over 3 meters give a feeling of spaciousness and grandeur, and the rooms seem brighter and more comfortable. Also, large windows in the apartments let in plenty of natural light, creating a healthy and pleasant atmosphere.
Project Rating (Project Loss Risk): A+. This rating is consistent with the previous project rating of B.
About the project owner:
The project owner has 20 years of experience in property development. He has completed various real estate projects as a real estate developer and construction contractor (two apartment buildings at 67A Didlaukio St. and Seliu St. 36, Vilnius, 10 houses in "Melisu namai", 14 houses in "Lindiniskiu namai", and 12 houses in "Sofijos Gulevic namai", Vilnius). Projects implemented total area 10 000 m2.
About the Project Being Refinanced:
The project owner has developed a 1 952 m2, A+ energy class apartment building with 30 apartments. The apartments are equipped with full finishing, all necessary appliances and furniture. 7 apartments in the building have already been sold, generating revenues of EUR 1.09 million including VAT. This loan will be repaid from the sale proceeds of the pledged apartments, which are expected to amount to EUR 1.05 million. Interest to investors will be paid from the operating income of the project owner.
The maximum amount to be financed: EUR 505 000 (EUR 255 000 already raised). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 49% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded
Interest by investment amount:
– From 100 EUR to 249 EUR – 10.00%
– From 250 EUR to 499 EUR – 10.40%
– From 500 EUR to 1 499 EUR – 10.80%
– From 1 500 EUR to 4 999 EUR – 11.20%
– From 5 000 EUR to 14 999 EUR – 11.60%
– From 15 000 EUR – 12.00%
Important: Individual investments are not aggregated and cannot be combined.
We plan to raise the amount within 7 days, with the possibility of extending it to 21 days in the event of non-collection.
About the Profitus
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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
