- Project Owner – Local Market Expert: With a store on Gediminas Avenue and office space on Didzioji Street, the developer has a deep understanding of Vilnius city specifics, residents' needs, and investment opportunities.
- Project at the Implementation Stage: Since the last financing round, all necessary preparatory work has been completed - contracts with the design team have been signed, and technical projects have been prepared. This means that the project has already entered the active implementation phase.
- Stable and Predictable Income: The completed premises will be leased, and the estimated monthly rental income is approximately 46 275 EUR including VAT.
- Guarantee: Additional guarantees for the entire loan amount are provided by the parent company UAB "Magnus investments", whose net profit in 2022 was 2.7 million EUR.
About the project owner:
The project developer is a professional in its field, it owns a shop at 22 Gedimino Ave. in Vilnius, and administrative premises at 33 Didzioji St. The project owner's group of companies has experience in real estate, having developed over 10 000 m² of real estate projects.
About the project:
The project will finance the acquisition of commercial premises in Naujamiestis. The owner of the project intends to carry out renovation works in the building and to rent out the premises. The project owner is also looking for tenants. The plan is to lease individual floors and rooms, as the structure of the commercial premises allows the space to be subdivided into smaller areas. The estimated monthly rental income will be approximately EUR 46 275 including VAT. The loan will be repaid by a refinancing bank, after the owner of the project has carried out renovation works on the property and the premises have been fully leased.
Competitive environment:
Currently, there is hardly any vacant space in new business centers in the Old Town of Vilnius (which is already scarce in this area). Companies are located in renovated buildings with rents of EUR 16-20 m²/month excluding VAT. The nearby Domasevicius St. Office building, the rent for the premises is EUR 18-22 without VAT/square meters/month, depending on the area to be rented and the length of the lease agreement, and tenants may be offered additional parking spaces: from EUR 300 without VAT/month in a covered or underground parking lot, from EUR 220-250 without VAT/month in an internal enclosed courtyard, or from EUR ~100 without VAT/month in the municipal-run parking lots next to the building. All contracts are based on the Triple-NET standard for a minimum of 5 years and are indexed to annual inflation. Embassies and law firms are looking to buy or rent individual buildings of 500-800 m², for which they can pay rental prices of EUR 4 300/5 100 excluding VAT/m² or EUR 22-25 excluding VAT/m² per month.
The maximum amount to be financed: EUR 1 000 000 (EUR 510 000 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 79% 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 399 – 12.00%
– From EUR 400 to EUR 999 – 12.40%
– From EUR 1 000 to EUR 4 999 – 12.80%
– From EUR 5 000 to EUR 9 999 – 13.20%
– From EUR 10 000 to EUR 29 999 – 13.60%
– From EUR 30 000 – 14.00%
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.
