• Experience with PROFITUS: The project owner, in cooperation with the PROFITUS platform, has successfully completed a project in Kunigiškės.
  
• Experienced developer: The project owner has experience in the real estate market and has completed similar real estate projects with a total area of 3 000 m².
  
• Attractive location: The project is being developed in Palanga, in an attractive and rapidly growing settlement near the sea, where real estate demand remains high.

Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 8.00%
– From 300 EUR to 699 EUR – 8.25%
– From 700 EUR to 2 499 EUR – 8.50%
– From 2 500 EUR to 6 999 EUR – 8.75%
– From 7 000 EUR – 9.00%
Important: separate investments are not aggregated and cannot be combined.

About the Project: 
The project owner has acquired a 15-are land plot in Palanga, located at Upelio Alley 7, as well as 1129/1660 of a land plot located at Upelio Alley 9. A residential development project is being implemented on these plots, providing for the construction of residential buildings adapted for living purposes and their sale on the market upon completion to partial finishing. The project is focused on functional, medium-sized housing units in an attractive area of Palanga city. The projected sales revenue of the project amounts to EUR 2,095,830.

• Upelio aklg. 7: A semi-detached residential house (design area – 186.54 m²) is being constructed on the plot. In addition, two auxiliary buildings (design areas: 101.79 m² and 129.13 m²), intended for residents’ needs, are being built on the same plot.
• Upelio aklg. 9: On the respective part of the plot, an analogous semi-detached residential house (186.54 m²) is being developed. Additionally, 1129/1660 of the land plot is being pledged together with the building under construction and an auxiliary building (94.61 m²) adapted for residential use. The current completion level of the buildings is approximately 40–50%.

The project is being developed in Kunigiškės – a quiet and scenic coastal area with well-developed infrastructure and convenient access to Palanga city center. The location is attractive both for permanent residents and investors due to increasing property values and stable housing demand. Funds raised at this stage will be used to refinance an existing loan with another credit institution and to continue construction works.

Loan Information:
The loan will be repaid from real estate sales proceeds. Interest to investors will be paid from advance payments and/or the company’s working capital.

Maximum financing amount: 2 346 645 EUR. The project is financed based on the current valuation of the pledged assets until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new asset valuation must be performed. Further financing stages will be announced and collected only if the established maximum LTV is not exceeded.

The target amount is planned to be raised within 7 days, with the possibility to extend the funding period up to 30 days if necessary.