• The owner of the project will use the pooled amount to develop the property and refinance the existing loan. The total development period of the project is 36 months. The project commenced development in November 2022 and is on schedule. Part of the funds mobilised in Phase 10 were earmarked for the refinancing of Phase 3;
• The property is located in a new neighbourhood with new residential buildings in the immediate vicinity. 
• All the buildings evaluated in the last phase are actually over 70% complete (i.e. close to partial completion and above), which results in a higher liquidity of the properties;
• The residential buildings will be fitted out with full internal finishes.

About the project owner:
The project owner has experience in real estate. The project owner has experience in real estate. The developer also has the status of a trusted developer and together with PROFITUS has financed eight unique real estate projects: („Lapino namai", „Namas Dusmenu g.", „Lapino namai Biciuliu terasose", „Namas Dusmenu g. 63", „Biciuliu Ateities g. namai", „Biciuliu namai", „Namas D45", „Ateities 50"). The projects have been successfully completed and investors have been settled on time.

About the project:
„Biciuliu terasos" is a new-build block of individual houses. The project is a new development of new A+ energy class housing with a unified architecture and spacious 9-10 acre plots of land for each house. Nearby are forests, Trakai Lakes and the castle, which can be reached by bike. The 80-120 sqm dwellings will be furnished with partial or full finishing. The houses will be sold, with an estimated sales income of EUR 10 445 600 for the whole project.

Project progress:
The last phase of the project was used to install water supply, fences and terraces in the houses at 42, 52 Ateities st. At Ateities st. 54, 56 garage gates and fences were installed, rainwater drainage was installed, the land was paved, and partitions were made. In the house at Ateities st. 70, 72 a recuperation system has been installed, fences and partitions have been erected. 

The maximum financed amount: EUR 1 000 000 (EUR 531 800 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 85%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 80%.

Interest by investment amount:
– From EUR 100 to EUR 499 – 12.8%
– From EUR 500 to EUR 999 – 13.3%
– From EUR 1 000 to EUR 1 999 – 13.55%
– From EUR 2 000 to EUR 9 999 – 13.8%
– From EUR 10 000 to EUR 29 999 – 14.3%
– From EUR 30 000 – 14.8%
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 21 days if we do not raise funds.