• Experience with PROFITUS: The project owner has already successfully completed previous projects in cooperation with the PROFITUS platform. All obligations to investors were fulfilled on time.
• Experienced developer: The project owner has significant experience in developing residential real estate projects in Kaunas and Palanga, including “Betonuotojų g. 4, Kaunas”, “Gedimino 2, Palanga” and “Gedimino 4a, Kaunas”. The total developed area of these projects amounts to approximately 4 000 m², giving the developer practical expertise in design, construction and sales stages.
• Enhanced project concept: To improve the project’s market attractiveness and sales potential, the project owner optimised the project solutions — an underground parking lot was designed while maintaining above-ground parking spaces, and adjustments were made to apartment layouts, increasing the total saleable area.

Interest rates based on the investment amount:
– From 100 EUR to 299 EUR – 9.20%
– From 300 EUR to 699 EUR – 9.40%
– From 700 EUR to 2 499 EUR – 9.60%
– From 2 500 EUR to 6 999 EUR – 9.80%
– From 7 000 EUR to 19 999 EUR – 10.00%
– From 20 000 EUR – 10.20%
Important: separate investments are not added together and cannot be combined.

About the Project:
The project owner seeks to refinance an existing obligation on the PROFITUS platform. Funds raised in 2024 were used to acquire a land plot in Kaunas, Medekšinės g. 17A.

The need for refinancing arose due to delays in obtaining the construction permit. The project owner had to revise the planned parking solutions for the multi-apartment building, which required redesigning the entire project — this process took around 6 months. During the update, an underground parking lot was designed, and apartment layouts were optimised, increasing the saleable area. The updated project has been submitted for public review, and the construction permit is expected to be issued by February 2026.

According to the updated design, the planned construction includes a multi-apartment residential building with a total area of 7 037.64 m². The building will comprise a 2 621.59 m² underground parking area and a 4 416.05 m² above-ground section. The project includes 72 apartments and 91 parking spaces. Apartments will be sold with partial finishing. Total planned sales revenue amounts to 12 653 595 EUR.

Due to changes in the construction permit timeline, construction start is planned for March 1, 2026, and completion is scheduled for May 31, 2027. Preliminary sales agreements are expected to begin after receiving the construction permit (February 2026), while notarial sales are forecasted to start in December 2026 / January 2027.

Loan information:
The loan will be repaid from property sales revenue, while interest will be paid from advance payments.

Maximum planned project financing amount: 5 000 000 EUR. The project is financed according to the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once maximum LTV is reached, a new valuation must be conducted, and further financing stages will be announced only if the LTV does not exceed set limits.

We plan to raise the required amount within 7 days, with the possibility to extend the term up to 30 days if needed.