- The pooled funds will be used to refinance the loan for the „Lazunu Talus" project;
- The mortgaged property is located in the very centre of Kaunas, on Laisves Avenue;
- The owner of the project has developed real estate projects with an area of approximately 60 000 square metres;
- More about „Lazunu talus" project can be found here
About the project owner:
The project owner has developed various real estate projects with a total area of more than 60 000 square metres. The developer has many years of experience in the real estate industry and has successfully completed 4 real estate projects on the Profitus platform in the past („Laisves al. 41", „Duplex", „Aleksoto dvibuciai", „Patalpos Laisves al."). The projects have been successfully completed and the investors have been settled on time.
About the project whose loan is being refinanced:
The project owner will use the pooled amount to refinance an existing loan. „Lazunu Talus" is an A++ class, 4-storey, 18-apartment, 947.87 square metres apartment building located at Lazunu st. 4, Kaunas, Zaliakalnis district. The project is located slightly away from the hustle and bustle, surrounded by individual houses on the edge of the Neris River, next to Kaunas Clinics and Fortress Seven. This loan will be covered by other income from the sale of the property, and interest will be paid to the investors from rental income.
- Photographs show the collateral
Project progress:
With the funds mobilised in the last phase, the „Lazunu Talus" project has been completed, with a total of 16 apartments sold (before - 11 apartments were sold).
Interest by investment amount:
– From EUR 100 to EUR 499 – 8.9%
– From EUR 500 to EUR 999 – 9.4%
– From EUR 1 000 to EUR 1 999 – 9.65%
– From EUR 2 000 to EUR 4 999 – 9.9%
– From EUR 5 000 to EUR 7 499 – 10.4%
– From EUR 7 500 – 10.9%
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 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.
