- Experienced Real Estate Developer: The project owner has a successful track record in developing various types of properties, from single-family homes to multi-apartment buildings, in Kaunas and surrounding areas. Completed projects cover approximately 10,700 m².
- Sales: The properties for sale are offered with either partial finishing or full fit-out. In the first and second construction phases, 8 preliminary purchase and sale agreements have already been signed out of a total of 30 units under construction.
- Liquidity: The mortgaged property is located in Giraite, Kaunas district. Giraite is a dynamically developing settlement with convenient transportation, a growing community, and active construction.
- Actual Completion: Construction works on the apartment buildings are currently halfway completed – over 70% actual completion has been reached.
About the Project:
A multi-family residential building project is being developed in Ugniažolių Street, Giraitės village, Užliedžiai eldership, Kaunas district. The project consists of two stages. The areas of apartments and cottages in the first and second stages of construction can vary from 45 to 90 square meters. The first stage of the project, which includes 18 apartments and cottages, has already been successfully completed - 2 preliminary purchase and sale agreements have been signed. The registered completion according to the Register Centre data is 74-95%.
During the second stage, it is planned to develop 60 apartments and cottages. Construction of 12 apartments has already begun. The registered completion of the 2nd stage is 9%, the actual completion is 70%. 6 preliminary purchase and sale agreements have been signed.
The implemented project is included in the list of state-supported objects. Young families, acquiring this property, can take advantage of the financial support provided by the state – subsidization.
Project Progress:
The project aims to refinance the existing obligation as the project owner has not completed the project development works. Financial flows have been directed towards the construction and development of the second phase. The first phase of the project, which started in September 2022, has already been successfully completed and the apartments and townhouses are currently on sale. The completion of all construction works is expected in August 2025.
Loan Information:
This loan will be covered by the project's sales revenue, which is estimated to reach 9,566,500 EUR including VAT. Interest to investors will be paid from the project owner's operating income.
The maximum planned project financing amount is 4,000,000 EUR. The project is financed according to the current valuation of the mortgaged property until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be performed, and further stages of project financing will be announced and collected only if the established maximum LTV is not exceeded.
Interest by investment amount:
– From 100 EUR to 299 EUR – 10.30%
– From 300 EUR to 999 EUR – 10.60%
– From 1 000 EUR to 4 999 EUR – 10.90%
– From 5 000 EUR to 14 999 EUR – 11.20%
– From 15 000 EUR to 49 999 EUR – 11.60%
– From 50 000 EUR – 12.00%
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 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.
