- Equity: 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.
- 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.
- 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.
Interest by investment amount:
– From 100 EUR to 299 EUR – 9.00%
– From 250 EUR to 499 EUR – 9.40%
– From 500 EUR to 1 499 EUR – 9.80%
– From 1 500 EUR to 4 999 EUR – 10.20%
– From 5 000 EUR to 14 999 EUR – 10.60%
– From 15 000 EUR – 11.00%
Important: investments made separately are not aggregated and cannot be pooled.
About the project:
The company owns a land plot (since 2023) on which it is planned to build 4 multi-apartment (3-storey) buildings with a total area of 2,829 m², consisting of 28 apartments. The area of apartments for sale is 1,492.84 m². The average apartment size is 51.72 m². 34 parking spaces (underground) and 17 storage units are planned for parking. The project owner intends to fully finish the apartments and sell them.
Project progress:
The value of the real estate pledged from the last stage has increased from EUR 2,058,000 to EUR 2,449,000. Construction works are proceeding according to the planned schedule. The registered completion rate according to the Registry Center data is 55%. The funds raised in this stage will be used to continue further construction works.
Loan information:
The planned revenue from the sale of 100% completed 4 apartment buildings is 6,142,940 EUR including VAT. This loan will be covered by the proceeds from the sale, and interest to investors will be paid from the operating income of the project owner.
Maximum funding amount: 3,200,000 EUR (already collected 1,270,100 EUR). The project is financed according to the current valuation of the mortgaged property until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further stages of project financing will be announced and collected only if the established maximum LTV is not exceeded.
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 with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
