- Extensive experience and professionalism: The project owner has successfully completed over 10 residential projects. This wide range of projects demonstrates the project owner's extensive experience and professionalism in the real estate sector.
- High liquidity: Due to its attractive location and the growing Kaunas real estate market, this property boasts high liquidity.
- Connection to the city center: Savanoriu avenue leads directly to Kaunas Old Town and the city center, which is bustling with shops, restaurants, cafes, museums, and other attractions.
- Significant investment: The project owner has invested around 30% of his own funds (EUR 149 000) into the project's development, clearly demonstrating his strong commitment and confidence in its success.
About the project owner:
The project owner has experience in real estate development. The owner has experience in construction projects with a total area of 8 400 m² and has completed 10 different construction projects. The developer has financed 9 projects on the Profitus platform ("Elniu namas Viciunuose", "Paslaugu patalpos Basanaviciaus al.“, "Butas Vaidoto G192E–2“, "LOFT206”, "Savanoriu loftai”, "LOFT206B Savanoriuose”, "Loftai Savanoriuose”, "Savanoriu 206B”, "Basanaviciaus patalpos"). Interest is paid on time to investors. It has already repaid part of the funds in the projects "LOFT206" and "Basanaviciaus patalpos" and has repaid all the funds in the projects "Butas Sodu G66–33" and "Butas Vaidoto G192A–2“.
About the project:
Part of the loan will be used to refinance an existing loan in order to reduce the cost of the loan, while the other part will be used for the company's working capital. In 2021, the project owner acquired a manufacturing building and converted it into 56 lofts with areas ranging from 30 to 60 m². The project owner designed functional spaces and rooms, custom-made furniture suitable for lofts, and selected and installed household appliances and equipment necessary for comfortable living. A total of 26 lofts remain in the project. Since February 2023, the remaining lofts have been rented out, generating a rental income stream of EUR 600 per month per loft. The planned sales revenue for one loft is EUR 100 000. This loan will be repaid from the sales proceeds, and interest will be paid to investors from the project owner's operating income.
The maximum financed amount: EUR 400 000. 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 79% 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 – 9.00%
– From 250 EUR to 499 EUR – 9.50%
– From 500 EUR to 1 499 EUR – 10.00%
– From 1 500 EUR to 4 999 EUR – 10.50%
– From 5 000 EUR to 9 999 EUR – 11.00%
– From 10 000 EUR to 19 999 EUR – 11.50%
– From 20 000 EUR to 34 999 EUR – 12.00%
– From 35 000 EUR – 12.50%
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.
