- According to the Land Registry, the apartments are 85% complete: The project owner is developing 3 apartments, which are planned to be sold with full finishes, terraces, and landscaped surroundings. The estimated sales revenue is 1,139,205 EUR, including VAT.
- Surety: The project's reliability is guaranteed by UAB "Denerus", which has successfully completed 4 residential projects in just two years.
- The project owner plans to equip each apartment with a terrace bordering Lake Salote: Each apartment will have a cozy terrace with breathtaking views of the lake and surrounding parks. It's a great place to enjoy nature and relax.
Interest by investment amount:
– From 100 EUR to 249 EUR – 10.10%
– From 300 EUR to 749 EUR – 10.60%
– From 750 EUR to 3 499 EUR – 11.10%
– From 3 500 EUR to 9 999 EUR – 11.60%
– From 10 000 EUR – 12.10%
Important: investments made separately are not aggregated and cannot be pooled.
About the project:
The project owner is developing a project that includes three apartments in two semi-detached houses in Raišiai village. The apartments have areas of 109.48 m², 114.48 m², and 186.93 m². According to the Registry Center data, the registered completion of the three apartments is 85%. The developer intends to complete the apartments to full finishing, improve the landscaping, and sell them.
Project Progress:
The funds mobilised in this phase will be used to pay off the investors in Phase I and II. With the funds raised in the final stages, the project owner fully settled the outstanding obligation and commenced interior finishing works. Concrete floors were poured, utilities were installed, walls were plastered, and landscaping works were initiated. The funds raised in this stage will be allocated to continue the remaining construction works.
Loan Information:
This loan will be secured by the proceeds from the sale of the mortgaged property, which are projected to be EUR 743,802, while interest payments will be made from the project owner's operating income.
The maximum amount to be financed: EUR 450,000 (EUR 415,100 already raised). The project is financed according to the current valuation of the collateralized property until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation must be performed, and further stages of Project Financing will be announced and collected only if the established maximum LTV is not exceeded.
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.
