- Attractive Location: The project is being developed in a strategically convenient area of Kaunas – near the Nemunas River and Panemunė Forest Park, with fast access to the city center, in a neighborhood dominated by newly built residential homes.
- Developer Experience: The project owner has long-standing experience in real estate development, having implemented 8 projects. This allows for a professional approach to planning and executing construction works from documentation to final property realization.
- Clear Project Plan: The project owner has set out a clear development plan – to demolish the existing buildings on the plot, build a new single-family residential house, complete it to full interior finish, and sell it.
About the Project:
The project owner plans to construct a 132 m² single-family house on a 0.0780 ha plot located at Taurakiemio g. 2A, Kaunas. Documentation is currently being prepared to obtain a building permit, which will also include demolition of the old buildings on the plot. The property will be completed to full finish, landscaping will be arranged, and the house will be sold. The planned sale price is approximately 550,000 EUR excluding VAT (approx. 4,167 EUR/m²).
The project is located in a strategically attractive area of Kaunas – close to the Nemunas River and Panemunė Forest Park, and not far from the city center. It is a rapidly developing district dominated by new, high-end residential housing.
At this stage, the funds being raised will be allocated for construction progress.
Loan Information:
The loan will be repaid from the proceeds of the house sale, while interest to investors will be paid from the company’s other revenues.
Maximum planned project funding amount: 324,500 EUR. The project is being funded based on the current appraised value of the collateral until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new valuation will be required, and further funding stages will only be launched if the maximum LTV is not exceeded.
The planned fundraising period is 7 days, with a possible extension up to 30 days if the target amount is not collected.
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.
