- Developer experience: The project owner has more than 5 years of experience in real estate development and construction. During this period, he has completed more than 2000 m² of projects of various types – from residential properties to more complex reconstructions. Among the more notable projects is the reconstruction of the Suurupi museum, implemented in compliance with strict cultural heritage requirements.
- Significant equity contribution: The project owner is investing a significant amount of own capital – 439 200 EUR, which constitutes 25 % of the total project costs.
- Attractive location: The project is being developed just about 3 km from Tallinn city center – in one of the most demanded areas of the city. The location features good connectivity, well-developed infrastructure, and a limited supply of new projects, which leads to strong housing demand and good property liquidity. More conversion and development projects are planned on Katusepapi Street, so over the next few years the area is expected to change significantly and become even more attractive.
Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 9.00%
– From 300 EUR to 699 EUR – 9.25%
– From 700 EUR to 2 499 EUR – 9.50%
– From 2 500 EUR to 6 999 EUR – 9.80%
– From 7 000 EUR to 16 999 EUR – 10.10%
– From 17 000 EUR to 34 999 EUR – 10.40%
– From 35 000 EUR to 74 999 EUR – 10.70%
– From 75 000 EUR – 11.00%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The project owner is currently developing an 8-apartment residential building at Katusepapi 38, Tallinn. The total building area is 335 m², of which 278,10 m² is saleable area. The project is being developed in a strategically attractive part of Tallinn – just 3 km from the city center. This location offers excellent connectivity, well-developed infrastructure, and steadily growing demand for new residential properties. The limited supply of smaller-scale projects in this area results in good liquidity and strong demand among buyers.
Apartments are planned to be finished using high-quality materials, with full interior finishing that will include not only the standard full-fit-out solutions available on the market, but also installed kitchen units, built-in furniture, and other solutions allowing the buyer to acquire a fully move-in-ready home. This concept increases the attractiveness and competitiveness of the project in the market. The project owner plans to sell the property for 1 589 919 EUR excluding VAT or ~5 645 EUR/m² excluding VAT.
At the project site, old structures have been dismantled, floor slabs are being replaced with reinforced concrete ones, and a new roof is being installed with raised external walls. The funds being raised will be used to complete the project and fully prepare it for sale.
About the additional pledged asset:
As additional collateral, a residential property by the sea is pledged, located approximately 23 km from Tallinn city center. It is a fully operational residential house with a total area of 235.50 m², including a land plot and auxiliary structures, situated in an attractive coastal location. The plot also includes the historic Suurupi lighthouse, for which an easement right has been granted to the Republic of Estonia to ensure access to the site. This element adds distinctiveness and increases the attractiveness of the property. The property is owned by a private individual – a shareholder of the company. The asset is currently being marketed for EUR 950,000, and in the event of a sale, part of the loan would be repaid to investors while maintaining the established maximum LTV parameters.
Loan information:
The loan will be repaid from the proceeds of property sales or through refinancing with another credit institution. Interest payments will be covered from the company’s working capital.
The maximum project financing amount is 1 300 000 EUR. The project is financed based on the current valuation of the pledged assets until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and further stages of project financing will only be announced and collected if the maximum LTV is not exceeded.
The target funding amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if the full amount is not collected.
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.
