• Actual Completion: Construction work on the multi-apartment residential building, which began in October 2023, is currently halfway completed, reaching 54% completion.
• Strong Interest: 6 preliminary purchase agreements have already been signed, with a total contract value of 482 500 EUR including VAT. This indicates significant interest in the project and that buyers are ready to invest in it.
• Project Owner's Investment: The project owner has invested approximately 16% of their own funds in project development (about 683 000 EUR), which clearly demonstrates their strong commitment and confidence in the project's success.
• All in One Place: The development of two multi-apartment residential buildings with spacious apartments, terraces, balconies, and bicycle storage provides everything needed for comfortable living in a modern city.
• Convenient Location: The project is located in a strategically convenient location where well-developed infrastructure ensures easy access to all areas of the city.

About the project owner:
The project owner has experience in property development. He has completed various construction projects with a total area of 2 100 m². The developer has the status of a reliable developer, PROFITUS financed and implemented the project "Palepes rekonstrukcija Kauno centre".

The aim of the project:
The project owner will use the pooled amount for the development of two apartment buildings. The development consists of seven-storey A++ class apartment buildings with surface parking spaces and storage facilities. The total floor area of each apartment block will be 1 186 m². Each apartment block will have 19 apartments (8 of which will be two-room, 5 three-room and 6 four-room), with an area of 37 - 74 m². On the second and fifth floors there will be 4 apartments with balconies, on the sixth floor there will be 2 apartments with terraces, each apartment will have an area of 70 - 85 m². The top floor, the 7th floor, will have an apartment of 110 square metres, also with a terrace. In total, the project provides 38 apartments and 41 parking spaces. The apartments are planned to be sold with partial finishing. The sale proceeds for all apartments, parking spaces and storage facilities will amount to EUR 7 000 000.

Project progress:
Since the last phase, the seven-storey structure with balconies has been fully constructed, the walls of the whole house have been bricked up, the ground floor slab has been insulated, and the lift shaft has been concreted. At the moment, the exterior doors and windows are being installed, the electrical wiring is being installed, the plumbing work is being done and the floor preparation work has started. The project owner will use the funds raised during this phase to continue further construction works.

The maximum planned amount of funding for the project: EUR 3 300 000 (EUR 804 000 already raised). 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 70% 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 EUR 100 to EUR 249 – 9.20%
– From EUR 250 to EUR 699 – 9.70%
– From EUR 700 to EUR 1 999 – 10.20%
– From EUR 2 000 to EUR 4 999 – 10.70%
– From EUR 5 000 – 11.20%
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.