- The project owner plans to invest about 25% of his own funds (about 1.1 million EUR) in the project development works, which clearly demonstrates his strong commitment and unwavering confidence in the project's success.
- Construction works are in full swing: The foundations of the apartment building have already been poured and the walls of the first floor are being erected. Sales are scheduled to start in August.
- Construction schedule: The project development works are scheduled for completion in February 2025. The expected revenue from the sale of 100% completed 4 apartment buildings is EUR 6 142 940 including VAT.
- Prestigious location: The project will be implemented in a convenient location in Vilnius - Dvarcionys, 8.7 km from the city center. Dvarcionys Lake is just 1 km away.
- Over 6 000 m² of residential real estate projects developed: This demonstrates the developer's ability to successfully implement various real estate projects over the 4 years of the company's existence. The number provides a tangible scale and allows to assess the developer's capabilities in the real estate sector.
About the project owner:
The company was founded in 2020, the main activity of the company is real estate development, development, construction, sales. The company has developed about 12 units of single-family and semi-detached house projects in Pagiriai and Traku Voke, a block of semi-detached houses in Melekonys, a commercial building in Kalno Street, and apartment buildings in Valakampiai and Pavilnys.
About the project:
On the land plot owned by the company (from 2023), it is planned to construct 4 multi-family (3-storey) buildings with a total area of 2 829 m² and 28 apartments. The area of the apartments for sale is 1 492.84 m². The average size of an apartment is 51.72 m². There are 34 parking spaces (underground), as well as 17 storage spaces. The owner of the project intends to furnish the apartments with full finishing and sell them. The project plan is to sell all 28 apartments to one buyer as a rental project. At the moment there are already 2 potential buyers to buy the whole project for rent, but the preliminary contract has not been signed yet. The delivery of all four apartments is scheduled for 10/02/2025. This loan will be covered by the sales proceeds and the interest will be paid to the investors from the project owner's operating income.
The maximum amount to be financed: EUR 3 200 000 (EUR 540 000 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 85% 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 EUR 100 to EUR 299 – 10.00%
– From EUR 300 to EUR 749 – 10.50%
– From EUR 750 to EUR 2 999 – 11.00%
– From EUR 3 000 to EUR 9 999 – 11.50%
– From EUR 10 000 – 12.00%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.
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.
