- Project owner's experience: The developer has completed approximately 50 residential projects, giving the company a deep understanding of market trends, construction technologies, and the ability to efficiently manage project phases.
- Liquid collateral: A 62% completed residential house, with a projected sales value of EUR 355,000, is being offered as collateral to investors. The property is located in an area with steadily increasing property values.
- Equity contribution: The project owner has invested approximately 48% (EUR 137,000) of their own funds into the acquisition of the land plot and the development of the project.
About the Project Owner:
The project owner's group of companies has developed over 10,000 m² of residential buildings. UAB "Lajota" has financed 1 project on the PROFITUS platform, which has been completed, and investors have been paid on time.
About the Project:
The project owner is constructing a 186.85 m² house in Vilnius. The developer intends to finish the house to a high standard, including all appliances, furniture, and landscaping. According to the Registry Centre, the registered completion of the house is currently 39%, while the actual completion, based on the work already done, is 62%. The fully finished house will be sold by the developer. This loan will be repaid from the proceeds of the sale, and interest to investors will be paid from the project owner's operating income.
Maximum amount to be financed: EUR 150,000. 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 70% 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 EUR 100 to EUR 249 – 9.20%
– From EUR 250 to EUR 499 – 9.70%
– From EUR 500 to EUR 1 499 – 10.20%
– From EUR 1 500 to EUR 4 999 – 10.70%
– From EUR 5 000 – 11.20%
Important: investments made separately are not aggregated and cannot be pooled.
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.
