- "Vycio slenis": A small, cozy community composed of several small neighborhoods. Newcomers will find comfortably designed homes with full finishes, spacious terraces and courtyards, securely fenced and landscaped grounds.
- Solid financial foundation: The owner has already invested EUR 319 256 in the acquisition of the land and the development of the project, which shows a strong commitment to the project and its success.
- Lending company UAB "Jore invest": Part of UAB "Jore Group" group of companies, which has been operating in the field of real estate for 20 years and has an excellent knowledge of the specifics of the market and the needs of the client.
- The property is being developed in a convenient location with well-developed infrastructure: Asphalted roads, nearby there is a supermarket and a park.
About the project owner:
The head of UAB "Vycio slenis", the company developing the project, has accumulated experience in the construction of residential and non-residential buildings. They have implemented 8 real estate development projects, developing a total of more than 60 residential houses. The total area of the completed projects is 14 840 m². The guarantor company UAB "Jore invest" has 15 completed projects where more than 90 families live: Biciuliu kvartalas, Jazminu namai, Uzutrakio namai, and other successfully completed and ongoing projects in Vilnius and Palanga.
About the Project:
"Vycio slenis" a project of 10 residential houses. PROFITUS is pledging 5 plots of land for the development of five single-storey, A+ energy class, 236 m² duplexes, with a total planned area of 1 181 m² for the 10 residential buildings. Currently, the land plots are being prepared for construction, and the foundation has already been laid on one plot, with the building walls being constructed. The residential houses are planned to be fully finished and sold. The expected sales revenue is EUR 2 834 400 including VAT. This loan will be covered by the project's sales revenue, and interest to investors will be paid from the project owner's operating income.
The maximum financed amount: EUR 1 500 000. 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 100 EUR to 249 EUR – 9.90%
– From 250 EUR to 499 EUR – 10.40%
– From 500 EUR to 2 499 EUR – 10.90%
– From 2 500 EUR to 9 999 EUR – 11.40%
– From 10 000 EUR – 11.90%
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 is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
