- Guarantee: The loan is guaranteed by the profitable parent company Magnus Investments, whose preliminary net profit for 2024 exceeds EUR 10 million.
- Experienced Developer: The project owner has many years of experience in real estate development and management. Since 2017, they have developed over 10,000 m² of residential, commercial, and administrative property projects.
- Prime Location: The project is being developed in a strategic and attractive location — a prestigious part of Vilnius Naujamiestis, just a few minutes away from the main Old Town streets.
Interest by investment amount:
– From 100 EUR to 399 EUR – 12.00%
– From 400 EUR to 999 EUR – 12.25%
– From 1 000 EUR to 4 999 EUR – 12.50%
– From 5 000 EUR to 19 999 EUR – 12.75%
– From 20 000 EUR – 13.00%
Important: Individual investments are not aggregated and cannot be combined
About the Project:
In cooperation with PROFITUS, the project owner has acquired a commercial-use building in a strategically attractive part of Vilnius Naujamiestis and has already started construction and renovation works. The building's roof is currently being renovated, and interior repairs are underway to adapt the premises for administrative use. The building is expected to be leased or a lease agreement signed starting from August 2025. The project owner plans to lease the entire building at a rate of EUR 21/m², including staircases and other common-use areas.
Since the previous stage, works performed include removal of old plastered surfaces, façade washing, repair of masonry walls, installation of lintels, renovation of structures, and waste management. Additionally, monolithic slabs have been installed, anchors and Peikko components mounted, and additional reinforcement completed. Brick masonry, metal beam installation, floor demolition, excavation of the elevator shaft, and chimney reinforcement works have also been carried out. Funds raised at this stage will be allocated to continue construction works.
Loan Information:
The loan will be repaid by refinancing through another credit institution, and the interest will be paid from the shareholder’s personal funds
The maximum financed amount, together with a planned syndicate partner NuCapital, is EUR 8,000,000 (already funded 1 305 900 EUR). Please note that the stage will be financed on the basis of the LTC indicator. The LTC indicator (Loan-to-cost) refers to the ratio between the loan and the total project cost. The project will be financed on the basis of the submitted acceptance of the construction works, to the account of the general contractor, up to a maximum LTC and the maximum loan amount. No additional reassessment of the property will be carried out between the financing phases and the financing decision will be based on the certified acceptance of the works by the Construction Superintendent and the Client's evidence of payment of the equity share.
The targeted amount is planned to be raised within 7 days, with the possibility of an extension up to 30 days if the funds are not collected.
About the Profitus
Profitus ist eine Crowdfunding- und Investitionsplattform mit einer Mindestinvestition von 100 Euro. Profitus-Investitionen sind durch Immobilienhypotheken gesichert. Ihre Investition ist durch eine erste oder zweite Hypothek auf die Immobilie sowie durch andere Sicherheiten (z. B. eine Bürgschaft oder Garantie) gesichert. Transaktionen werden über Lemonway, einen regulierten Zahlungsdienstleister, abgewickelt.
Profitus ist eine Crowdfunding- und Investitionsplattform, deren Hauptziel es ist, Investitionen für alle verfügbar zu machen. Investitionen beginnen bei 100 Euro, und die Plattform ist 24/7 geöffnet. Investitionen sind durch die Verpfändung von Immobilien und anderen Sicherheiten (z. B. Entschädigung oder Garantie) gesichert. Verschiedene Projekte haben unterschiedliche Sicherheitsinstrumente, auf die Benutzer im Selbstbedienungsmodus für jedes Projekt zugreifen können.
Profitus berät sich mit der Bank von Litauen, um eine perfekte Einhaltung des Gesetzes sicherzustellen. Profitus arbeitet mit Lemonway, einem regulierten Zahlungsdienstleister.
