- According to the Centre of Registers, the apartments are 85% complete: The project owner is developing 3 apartments, which are planned to be sold fully finished, with terraces and landscaped surroundings. The expected sales revenue is EUR 1,139,205 including VAT.
- Guarantee: The project is backed by UAB “Denerus”, which has successfully completed 4 residential housing projects in just two years.
- Each apartment is planned to have a terrace facing Lake Salotė: Each unit will feature a cozy terrace with breathtaking views of the lake and surrounding parks – a perfect spot to enjoy nature and unwind.
Interest by investment amount:
– From 100 EUR to 299 EUR – 8.00%
– From 300 EUR to 749 EUR – 8.50%
– From 750 EUR to 2 999 EUR – 9.00%
– From 3 000 EUR to 9 999 EUR – 9.50%
– From 10 000 EUR – 10.00%
Important: investments made separately are not aggregated and cannot be pooled.
About the project:
The developer is constructing three apartments within two duplex buildings in Raišiai village. The apartment sizes are 109.48 m², 114.48 m², and 186.93 m². The completion status of the three apartments is registered at 85%. The developer plans to finish them to a full interior standard, complete the landscaping, and sell the units.
Project progress:
The funds raised in this stage will be used to repay an existing obligation on the PROFITUS platform. Concrete floors have been poured, utilities installed, walls plastered, and landscaping work has begun. The funds from this stage will be used to complete the construction works.
Loan information:
This loan will be repaid from the sales proceeds of the mortgaged property, which are estimated at EUR 743,802, and the interest will be paid from the project owner's operational income.
Maximum financing amount: EUR 450,000 (EUR 415,000 already raised). The project is financed based on the current property valuation until the maximum loan-to-value (LTV) ratio is reached. A new valuation must be conducted upon reaching the maximum LTV, and further funding stages will only be launched if the LTV remains within the limit.
The fundraising period is planned for 7 days, with a possible extension to 30 days if not fully funded.
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.
