- Extensive experience and professionalism: The project owner has successfully completed over 20 residential projects. This wide range of projects demonstrates the project owner's extensive experience and professionalism in the real estate sector.
- The project owner has demonstrably committed to the project's success: By investing EUR 65 000 of its own funds in its development, underscoring a strong belief in the project's potential.
- Attractive location: The property is conveniently located at Vaidoto st. 192, Kaunas. This location boasts excellent connectivity to all parts of the city, with public transportation stops, shops, educational institutions, and other essential infrastructure facilities nearby.
- High liquidity: Due to its attractive location and the growing Kaunas real estate market, this property boasts high liquidity.
About the project owner:
The project owner has experience in real estate development. The owner has experience in construction projects with a total area of 6 400 m² and has completed 7 different construction projects. The developer has financed 9 projects on the Profitus platform ("Elniu namas Viciunuose", "Paslaugu patalpos Basanaviciaus al.“, "Butas Vaidoto G192E–2“, "LOFT206”, "Savanoriu loftai”, "LOFT206B Savanoriuose”, "Loftai Savanoriuose”, "Savanoriu 206B”, "Basanaviciaus patalpos"). Interest is paid on time to investors. It has already repaid part of the funds in the projects "LOFT206" and "Basanaviciaus patalpos" and has repaid all the funds in the projects "Butas Sodu G66–33" and "Butas Vaidoto G192A–2“.
About the project being refinanced:
The project owner is developing a 91.70 m² apartment located at Vaidoto st. 192E-2, Kaunas. The apartment will be equipped with all appliances and furniture. The registered completion rate of the apartment is currently 70%, but the actual completion rate based on the work already completed is 90%. The loan proceeds will be used to refinance an existing loan, as they have not been able to fully furnish the apartment and the property for development to 100% completion (missing flooring and bathroom). The apartment will be sold after completion. The expected sales proceeds are EUR 229 250 incl. VAT.
Interest by investment amount:
– From 100 EUR to 249 EUR – 9.50%
– From 250 EUR to 599 EUR – 10.00%
– From 600 EUR to 1 999 EUR – 10.50%
– From 2 000 EUR to 7 499 EUR – 11.00%
– From 7 500 EUR – 11.50%
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.
