• The pooled funds will be used for real estate development;
• The owner of the project has 15 years of experience in the construction sector and has developed over 3 000 square metres of projects;
• The property is located in a new-build development of detached and semi-detached residential buildings;
• The developer has already invested EUR 165 000 of its own funds.

About the project owner:
The project owner has experience in real estate. The property owner has experience in real estate projects, including residential buildings in Papiskes and Grendaves streets. Together with Profitus, the developer financed 6 projects. 3 projects were successfully completed and investors were settled on time.

Project objective:
The project will finance the development of a residential building in the Vilnius district. Currently, the registered completion rate of the residential building, according to the data of the Centre of Registers, is 34% and the actual completion rate, based on the works already carried out, is 44%. The owner of the project intends to furnish the residential house in a modern way with all appliances and furniture. After completion of these works, the house will be sold. The loan will be covered by the proceeds of the sale of the mortgaged property. The estimated proceeds from the sale of the house are EUR 473 784.

Interest by investment amount:
– From EUR 100 to EUR 499 – 9.2%
– From EUR 500 to EUR 1 999 – 9.7%
– From EUR 2 000 to EUR 4 999 – 10.2%
– From EUR 5 000 to EUR 9 999 – 10.7%
– From EUR 10 000 – 11.2%
Important: Individual investments are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.