- Experienced Real Estate Developer: 15+ years of successful experience in developing various projects (from individual houses to apartment buildings) in Vilnius and surrounding areas. Successfully completed projects exceed 6,000 m².
- Sales: The first of five townhouses under construction, reaching 85% completion, has been successfully sold for EUR 464,000.
- Prestigious Location: Antakalnis is one of the most prestigious areas in Vilnius, renowned for its safe and peaceful living environment. The new townhouses on Lauru Street will be an excellent choice for those who appreciate a high-quality lifestyle and an exceptional residential location.
- More information on the project can be found here.
About the project:
These are unique homes created to enjoy an exceptionally high-quality life surrounded by a mature pine forest. LAURAI is a cozy, small settlement located in an exceptionally beautiful part of Vilnius, near the fast-flowing Neris River. The houses for sale are surrounded by a state park, where you will always feel peace and have privacy. Modern houses feature functionally planned spaces, high ceilings, large windows, and luxurious exterior solutions. Great attention is paid to the quality of materials and construction.
Project Goal:
The project owner aims to refinance an existing obligation from another credit institution and continue development work. UAB "Nordic construction group" is currently implementing a project of 5 townhouses in Vilnius. One of the townhouses under construction, located at Lauru st. 40-4, has already been sold for EUR 464,000. And Lauru st. 40-2 is reserved. The remaining buildings are fully completed, RC completion - 100%, actual completion - 84%. The total area of 3 townhouses offered for sale is 488,74 m².
Loan Information:
The planned selling price per 1 m² with full finishing is about EUR 3,600 including VAT. The planned total selling price of 3 townhouses is EUR 1,759,464 including VAT. This loan will be covered by the project's sales revenue, and interest to investors will be paid from the project owner's operating income.
Maximum planned Project financing amount: EUR 1,700,000. The project is financed according to the current valuation of the mortgaged property until it reaches the specified maximum loan-to-value ratio (LTV). Upon reaching the maximum LTV, a new property valuation will have to be performed, and further stages of Project financing will be announced and collected only if the specified maximum LTV is not exceeded.
Interest by investment amount:
– From 100 EUR to 299 EUR – 9.20%
– From 300 EUR to 999 EUR – 9.50%
– From 1 000 EUR to 4 999 EUR – 9.80%
– From 5 000 EUR to 14 999 EUR – 10.10%
– From 15 000 EUR to 49 999 EUR – 10.40%
– From 50 000 EUR to 124 999 EUR – 10.70%
– From 125 000 EUR – 11.00%
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.
