- Reliability and Experience: This is confirmed by the successfully implemented "Vakares kvartalas" project, covering an area of 2,000 m². This project not only demonstrates the company's ability to plan and develop residential projects, but also proves its ability to successfully market them.
- "Vakares kvartalas": This is a high-quality semi-detached house quarter, built using innovative technologies to ensure a long-lasting and pleasant living experience. You can find more about the project here.
- Liquidity: The mortgaged real estate is liquid, 85% complete, with partial finishing, located in the Jonava district.
Interest by investment amount:
– From 100 EUR to 249 EUR – 10.70%
– From 250 EUR to 699 EUR – 11.00%
– From 700 EUR to 2 999 EUR – 11.30%
– From 3 000 EUR – 11.70%
Important: investments made separately are not accumulated.
About the Project:
The funds raised in this stage will be used to refinance an existing loan, as the developer was unable to sell the pledged property on time. The project owner is successfully developing a 60-plot residential quarter in the city of Jonava. In the first phase of the project, three single-story semi-detached houses were built and successfully sold, with a total area of 554.22 m². This first stage demonstrated the project's potential and market demand, and the developer plans to continue the development, aiming to create a modern and comfortable living environment for the residents of Jonava.
"Vakares kvartalas" is conveniently located for young families looking to purchase their first home. It is important to mention that the quarter is located in an area where young families can receive a state subsidy for purchasing a home.
Loan Information:
This loan will be repaid from the proceeds of the sale of the pledged property, which is expected to be EUR 150,000 including VAT. Interest payments to investors will be made from the company's working capital.
Maximum planned project financing amount: EUR 90,000. The project is financed based on the current valuation of the pledged property until it reaches the established maximum Loan-to-Value (LTV) ratio. Once the maximum LTV is reached, a new property valuation will be required, and further project financing stages will be announced and collected only if the established maximum LTV is not exceeded.
We plan to raise the required amount within 7 days, with the possibility of extending it to 30 days if the funds are not collected.
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.