- The project owner has the status of a trusted developer: Having successfully implemented the project "House Felicijos st." on the PROFITUS platform, the entire investment has already been repaid together with the earned interest.
- Duplex apartment building with energy class A+: Estimated completion in September. Estimated sales income EUR 500 000 partial finish, EUR 660 000 full finish.
- Developing infrastructure: Grigaiciai is still a relatively quiet village with a growing infrastructure, new shops, schools and kindergartens may be nearby.
- Convenient accessibility: The settlement of Grigaiciai is strategically located just a few kilometres south of Naujoji Vilnia. Easy access to Vilnius city centre by both private and public transport.
About the project owner:
The project owner has developed and sold about 12 residential projects with a total area of 2 500 m².
About the project:
The owner of the project is developing a two-bed residential building on Juozapo Montvilo st. The planned area of the flats is 132.33 m² each, the total area of the duplex is 264.66 m². The owner of the project intends to build the semi-detached house up to 85% completion (partial finishing) or after finding a buyer, according to the buyer's preferences. It is expected to reach 80% completion in September and to start selling the property. This loan will be covered by the sales proceeds and the interest will be paid to the investors from the project owner's operating income.
The maximum amount to be financed: EUR 350 000 (EUR 100 000 already raised). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 80% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.
Interest by investment amount:
– From 100 EUR to 249 EUR – 8.50%
– From 250 EUR to 499 EUR – 9.00%
– From 500 EUR to 1 499 EUR – 9.40%
– From 1 500 EUR to 4 999 EUR – 9.80%
– From 5 000 EUR to 14 999 EUR – 10.20%
– From 15 000 EUR – 10.50%
Important: Individual investments are not aggregated and cannot be combined.
We plan to raise the amount within 7 days, with the possibility of extending it to 21 days in the event of non-collection.
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.
