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- Significant development potential: Two land plots in Vilnius with a total area of 1.4138 ha are pledged as collateral. Both plots are designated for the construction of multi-apartment residential buildings, and a construction permit has already been issued for one of them – Lietaviškių St. 19.
- Clear plan for the first development stage: Following the acquisition of the plots, construction of the first stage of the project is planned to begin. This stage will comprise 4 separate apartment buildings with a total area of 7,549 m². The project will include 117 apartments and 96 parking spaces.
- Extensive experience of the project owner’s group: KAITA Group has completed and is currently developing 26 real estate projects, has sold 1,282 apartments, and has developed and manages 942 build-to-rent residential units. The total developed area amounts to approximately 78,600 m².
Interest rates based on the investment amount:
– From EUR 100 to EUR 349 – 9.00%
– From EUR 350 to EUR 749 – 9.25%
– From EUR 750 to EUR 2,499 – 9.50%
– From EUR 2,500 to EUR 6,999 – 9.75%
– From EUR 7,000 to EUR 19,999 – 10.00%
– From EUR 20,000 to EUR 49,999 – 10.25%
– From EUR 50,000 – 10.50%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner plans to acquire two land plots in Vilnius with a total area of 1.4138 ha. One of them is located at Lietaviškių St. 19, Vilnius, while the other plot has not been assigned an exact address. Both plots are designated for multi-apartment residential buildings and dormitory developments. A construction permit has already been issued for the plot located at Lietaviškių St. 19.
Following the acquisition of the plots, construction of the first stage of the project is planned to begin. The first stage will comprise 4 separate apartment buildings with a total area of 7,549 m². The project will include 117 apartments and 96 parking spaces. Construction is planned to commence in September 2026, with the first stage of the project scheduled for completion by February 2028.
The planned average sales price is approximately EUR 2,519/m², while the estimated construction cost is approximately EUR 1,300/m². The designated use of the plots and the planned development provide significant potential for further development of the area.
The funds raised during this stage will be used to partially finance the acquisition of the land plots in Vilnius.
Loan information:
The loan will be repaid from proceeds generated by the sale of the property, while interest payments to investors will be covered from the company’s working capital.
The total loan requirement for this project is EUR 10,000,000. As this amount exceeds the threshold defined in the crowdfunding regulation, PROFITUS will participate in a syndicated loan agreement together with another financial partner for this financing. The term of the Project Loan Agreement is expected to be 36 months. Funds for the project may be raised in stages, while during this financing stage they are being raised for a period of 12 months.
The shareholders of the project owner’s group also have the option to raise up to EUR 5,000,000 in additional financing through bond issuances. The obligations under the bonds may be secured by pledging shares in the group companies, while the funds raised may only be used to finance projects developed by the companies whose shares are pledged as security for the respective bond issuance. The specific terms of each bond issuance and its security arrangements are established in a separate agreement.
The project will be financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Please note that once the maximum LTV is reached, the project may continue to be financed based on the LTC ratio. The LTC ratio (Loan-to-Cost) indicates the ratio between the loan amount and the total project costs. Project financing will be provided based on submitted construction work acceptance certificates, with funds transferred to the general contractor’s account, without exceeding the maximum LTC ratio or the maximum loan amount. No additional property valuation will be carried out between financing stages. The financing decision will be made based on an approved construction work acceptance certificate issued by the Construction Technical Supervisor and evidence confirming payment of the Client’s own contribution.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period 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.
