- Smooth project realization: The project is nearing completion, with the current completion rate reaching approximately 80%, and 65% of the apartments already sold. Since the last stage, many significant works have been completed, including the completion of plumbing and electrical installations, progress in finishing works, the installation of attic partitions, and the assembly of furniture.
- Attractive location and efficient realization: The project is being developed in a prime location in Nida, where the demand for real estate remains high. Due to the attractiveness of this location and market conditions, all apartments are planned to be sold within 12 months.
- Reliable developer with extensive experience: The project is being developed by UAB “Project 19,” which belongs to one of the largest real estate development groups in Lithuania – CITUS. This group has substantial experience in real estate development, having completed or currently developing projects totaling 143,105.60 sqm. The group has not experienced delays in previous projects, ensuring smooth project realization.
Interest by investment amount:
– From 100 EUR to 349 EUR – 7.50%
– From 350 EUR to 749 EUR – 7.75%
– From 750 EUR to 3 499 EUR – 8.00%
– From 3 500 EUR to 14 999 EUR – 8.25%
– From 15 000 EUR – 8.50%
Important: investments made separately are not aggregated and cannot be pooled.
About the project:
UAB "Project 19" is actively developing the real estate project "Nidos banga," where apartments are sold as individual property units. The project has generated significant market interest – to date, 31 apartments have been sold or preliminary contracts have been signed, with a total area of 765.99 m², accounting for approximately 65% of the total selling area. The remaining apartments are planned for realization by June 2025, with notarial transactions scheduled to begin at the end of March 2025. According to the Register of Enterprises, the collateralized property is 100% complete, while the actual completion after reconstruction works is approximately 80%. The total expected sales price is 8,382,421 EUR.
Works completed since the previous financing stage:
- 90% of the facade finishing has been completed.
- The 1A section apartments have been fully finished, including furniture.
- The 2A section has been fully finished, and built-in furniture is currently being installed.
- Finishing works are underway in the 3A section.
- The attic has been redesigned, with apartments divided into smaller units.
Additional works completed include the full completion of plumbing and electrical installation, installation of attic partitions with preparations made for floor concrete pouring, the beginning of railing installation, and the ordering and delivery of all necessary appliances and movable furniture.
Construction and finishing works are progressing intensively, with a large portion of the apartments already having future owners.
Loan information:
The raised funds will be used to continue the reconstruction works. The loan will be repaid from the project's sales revenues, and interest will be paid from advances and sales proceeds.
Maximum planned project financing amount: 4,100,000 EUR (2,450,000 EUR already raised). The project is financed based on the current valuation of the collateralized property until it reaches the maximum loan-to-value (LTV) ratio. Once the maximum LTV is reached, a new property valuation will be conducted, and further project financing stages will be announced and raised only if the maximum LTV is not exceeded.
The planned amount to be raised is expected to be collected within 7 days, with the option to extend up to 30 days if the funds are not raised.
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.
