- Liquid Asset: The project is being developed in a strategically convenient location – Europos Ave. 70, Kaunas. This is a rapidly developing part of the city, which contributes to the property's high attractiveness and liquidity.
- Reserved Units: 45 of the 63 apartments and workshops have already been reserved, as well as a 12-year lease agreement with the main tenant of the second floor - one of the largest sports club chains in Lithuania.
- Works in Progress: The capital renovation of the premises is already well underway – a significant part of the work has been completed: the roof is being finished, demolition and interior renovation works are in progress, electrical connections and installations have been completed on the fourth floor, and about half of the masonry work has been completed on the third floor.
Interest rates based on the investment amount:
– From 100 EUR to 349 EUR – 8.50%
– From 350 EUR to 999 EUR – 8.75%
– From 1 000 EUR to 3 499 EUR – 9.00%
– From 3 500 EUR to 9 999 EUR – 9.25%
– From 10 000 EUR – 9.50%
Important: separate investments are not added together and cannot be combined.
About the Project:
The project owner, located at Europos Ave. 70 in Kaunas, has acquired a four-storey industrial building with a total area of 8,005.19 m². The aim is to carry out a major renovation of the building and increase the total area to 9,345.84 m². After the renovation, the building will be adapted for both rental and sale according to the intended use of the premises. According to the project, apartments will be installed on the fourth floor, creative studios and lofts on the third floor, and the premises on the first and second floors will be designated for rent. The entire second floor has already been leased – a 12-year rental agreement has been signed with one of the largest fitness club chains in Lithuania. Currently, 45 out of 63 units have been sold, and the project also includes the construction of 80 parking spaces.
Since the start of financing, significant work has been completed on the site. The roof is nearing completion, and demolition and interior renovation works are ongoing. Electrical connections and wiring have been installed on the fourth floor, and the premises are being plastered. About half of the masonry work on the third floor has been completed, unnecessary shafts have been filled in, and all window openings have been framed with metal structures. In addition, the developer has leased an adjacent plot of land from the municipality, which is strategically important for the construction of an additional parking area.
The funds raised will be used to complete the capital renovation works and adapt the building for rental and sale, aiming to fully realize its commercial potential.
Loan Information:
The loan will be repaid from real estate sales and rental income. Interest payments will be covered by the company's working capital or rental income. The total expected project revenue from sales and rent amounts to 10,938,721 EUR. If needed, the loan may be refinanced.
Maximum Planned Project Financing Amount: 4,820,000 EUR (2 270 800 EUR already raised). The project is financed based on the current valuation of the pledged property until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is met, a new property valuation must be conducted, and further financing stages will only be launched if the set maximum LTV is not exceeded.
We plan to raise the targeted amount within 7 days, with the possibility to extend up to 30 days if the funds are not 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.
