- Developer’s Experience: The project is being implemented by an experienced developer who, together with affiliated companies, has completed 4 real estate projects. The building has been designed by one of the strongest architectural studios in Lithuania – UAB "Archispektras" – and high-quality, long-lasting materials are being used in the construction.
- Exceptional Location: The project is being developed just 800 meters from Kaunas Old Town Town Hall Square, next to the Benedictine Sisters Monastery. Convenient access – the nearest public transportation stop is only 60 meters away.
- Sale: A preliminary purchase-sale agreement has already been signed, and an advance payment has been made.
- Significant equity contribution: The project owner has already invested a significant equity amount into the project – EUR 914,223, which constitutes nearly 68% of the total project costs.
About the Project:
The project owner is continuing the construction of two semi-detached residential houses located at Pakopų takas 7, Kaunas. The construction permit was issued in January 2022. Construction has progressed rapidly – both semi-detached houses have been built and are nearly finished to partial completion.
The remaining work in the project includes completing landscaping works (paving installation, fencing, outdoor lighting, landscaping, waterproofing and tiling between the two houses, stair and balcony railings, insulation and finishing of the parking area), as well as finishing interior works (engineering, plastering, electrical installation, etc.).
At this stage, the funds being raised will be used to refinance the existing PROFITUS loan, as the planned property sale did not take place on time.
Loan Information:
This loan will be repaid from the proceeds of the developed property, which are expected to reach 1,476,686 EUR. Interest to investors will be paid from advance payments.
Maximum financed amount: 250,000 EUR. The project is being financed according to the current appraised value of the pledged property, until the set maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be conducted, and further financing stages will only be announced and raised if the maximum LTV is not exceeded. The targeted amount is planned to be raised within 7 days, with the option to extend up to 30 days if the funds are not fully collected.
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.
