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- Significant development potential: Two land plots in Vilnius with a total area of 1.4138 ha are pledged as collateral. Both plots are designated for the construction of multi-apartment residential buildings, and a construction permit has already been issued for one of them – Lietaviškių St. 19.
- Clear plan for the first development stage: Following the acquisition of the plots, construction of the first stage of the project is planned to begin. This stage will comprise 4 separate apartment buildings with a total area of 7,549 m². The project will include 117 apartments and 96 parking spaces.
- Extensive experience of the project owner’s group: KAITA Group has completed and is currently developing 26 real estate projects, has sold 1,282 apartments, and has developed and manages 942 build-to-rent residential units. The total developed area amounts to approximately 78,600 m².
Interest rates based on the investment amount:
– From EUR 100 to EUR 349 – 9.00%
– From EUR 350 to EUR 749 – 9.25%
– From EUR 750 to EUR 2,499 – 9.50%
– From EUR 2,500 to EUR 6,999 – 9.75%
– From EUR 7,000 to EUR 19,999 – 10.00%
– From EUR 20,000 to EUR 49,999 – 10.25%
– From EUR 50,000 – 10.50%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner plans to acquire two land plots in Vilnius with a total area of 1.4138 ha. One of them is located at Lietaviškių St. 19, Vilnius, while the other plot has not been assigned an exact address. Both plots are designated for multi-apartment residential buildings and dormitory developments. A construction permit has already been issued for the plot located at Lietaviškių St. 19.
Following the acquisition of the plots, construction of the first stage of the project is planned to begin. The first stage will comprise 4 separate apartment buildings with a total area of 7,549 m². The project will include 117 apartments and 96 parking spaces. Construction is planned to commence in September 2026, with the first stage of the project scheduled for completion by February 2028.
The planned average sales price is approximately EUR 2,519/m², while the estimated construction cost is approximately EUR 1,300/m². The designated use of the plots and the planned development provide significant potential for further development of the area.
The funds raised during this stage will be used to partially finance the acquisition of the land plots in Vilnius.
Loan information:
The loan will be repaid from proceeds generated by the sale of the property, while interest payments to investors will be covered from the company’s working capital.
The total loan requirement for this project is EUR 10,000,000. As this amount exceeds the threshold defined in the crowdfunding regulation, PROFITUS will participate in a syndicated loan agreement together with another financial partner for this financing. The term of the Project Loan Agreement is expected to be 36 months. Funds for the project may be raised in stages, while during this financing stage they are being raised for a period of 12 months.
The shareholders of the project owner’s group also have the option to raise up to EUR 5,000,000 in additional financing through bond issuances. The obligations under the bonds may be secured by pledging shares in the group companies, while the funds raised may only be used to finance projects developed by the companies whose shares are pledged as security for the respective bond issuance. The specific terms of each bond issuance and its security arrangements are established in a separate agreement.
The project will be financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Please note that once the maximum LTV is reached, the project may continue to be financed based on the LTC ratio. The LTC ratio (Loan-to-Cost) indicates the ratio between the loan amount and the total project costs. Project financing will be provided based on submitted construction work acceptance certificates, with funds transferred to the general contractor’s account, without exceeding the maximum LTC ratio or the maximum loan amount. No additional property valuation will be carried out between financing stages. The financing decision will be made based on an approved construction work acceptance certificate issued by the Construction Technical Supervisor and evidence confirming payment of the Client’s own contribution.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the target amount is not reached.
About the Profitus
Profitus est une plateforme de crowdfunding et d’investissement avec un investissement minimum de 100 euros. Les investissements Profitus sont garantis par des hypothèques immobilières. Votre investissement est sécurisé par une première ou une deuxième hypothèque sur la propriété, ainsi que par d’autres garanties (par exemple, une caution ou une garantie). Les transactions sont gérées par Lemonway, un fournisseur de services de paiement réglementé.
Profitus est une plateforme de crowdfunding et d’investissement dont le principal objectif est de rendre l’investissement accessible à tous. Les investissements commencent à 100 euros, et la plateforme est ouverte 24/7. Les investissements sont garantis par la mise en gage de biens immobiliers et d’autres garanties (par exemple, une indemnité ou une garantie). Différents projets ont différents outils de sécurité auxquels les utilisateurs peuvent accéder en libre-service pour chaque projet.
Profitus consulte la Banque de Lituanie afin d’assurer une conformité parfaite avec la loi. Profitus fonctionne avec Lemonway, un fournisseur de services de paiement réglementé.
