- Reliability and experience: The developer's business model and long-standing experience in residential development, house construction, and finishing have enabled the creation of offers that meet market needs.
- Strong interest: 10 preliminary purchase agreements have already been signed, with a total value of contracts including VAT reaching EUR 2,101,205. This indicates that the project is generating significant interest and that buyers are ready to invest in it.
- Liquidity: The collateralized property is liquid and located in the Trakai district. The actual completion of all collateralized semi-detached houses exceeds 70%.
- Fully furnished homes: "Lapino Namai" offers only fully furnished homes. This means that buyers can move in immediately without any worries or additional costs associated with renovations.
Interest by investment amount:
– From EUR 100 to EUR 249 – 9.70%
– From EUR 250 to EUR 699 – 10.20%
– From EUR 700 to EUR 3 499 – 10.70%
– From EUR 3 500 to EUR 14 999 – 11.20%
– From EUR 15 000 – 11.70%
Important: investments made separately are not aggregated and cannot be pooled.
About the project:
"Lapino namai" is a new-build block of detached houses being developed in the "Biciuliu terasos" housing estate. The project consists of A+ and A++ energy class one-storey detached and semi-detached houses with a unified architecture and spacious land plots of 4-9 hectares for each dwelling. In total, the development is planned to house as many as 46 families. The houses are fully finished and the size of each dwelling ranges from 62 to 179 m². Nearby there are forests, the Trakai Lakes and the castle, which can be reached by bike. The neighbourhood is located right on the Vilnius city border and the city centre is reachable within 20 minutes by car. To find out more about "Lapino Namai" projects, visit the project website - here.
Project Progress:
The funds raised in this stage will be used to develop real estate. The funds raised in previous stages continue to be used for construction works. At this stage, there are 12 remaining land plots where 12 houses (4 single-family and 8 semi-detached) are being developed, as well as a part of 1 land plot with apartment of the semi-detached house at Ateities st. 80. According to the provided assessments, the value of all residential houses has increased by EUR 241,000.
Loan Information:
This loan will be covered by the sales revenue of the developed project, which is estimated to be EUR 10,445,600. Interest will be paid from the operating income of the project owner.
Maximum Financed Amount: EUR 3,000,000 (current active portfolio EUR 2,586,000). The project is financed based on the current valuation of the mortgaged property until it reaches the specified maximum loan-to-value ratio (LTV). Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further project financing stages will be announced and collected only if the specified 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 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.