- Experience with PROFITUS: The project owner's group of companies has already successfully financed projects through the PROFITUS platform, currently active sales are being carried out and loan amounts are being repaid.
- Development experience: The client’s group of companies has almost 19 years of experience in real estate development and has implemented projects with a total development volume exceeding 7 000 m².
- Additional security: The company’s director and the related company UAB “Privus” provide an additional guarantee for the entire loan amount.
Interest rates by investment amount:
– From 100 EUR to 499 EUR – 8.80%
– From 500 EUR to 4 999 EUR – 9.10%
– From 5 000 EUR – 9.40%
Important: individual investments are not added together and cannot be combined.
About the Project:
The project owner has acquired five land plots in Vilnius, Kazio Bizausko St., where he plans to build five semi-detached residential houses, a total of ten apartments. Building permits have already been obtained and works started on two plots: at Kazio Bizausko St. 108, the registered building completion rate reaches 44 percent, and construction is also ongoing on another plot. The building permit issuance process for the remaining three plots is advanced, permits are expected to be obtained in the near future. The project is planned to be built up to partial finishing and then sold.
At this financing stage, it is planned to refinance loans granted by other creditors, which were intended for the acquisition of land plots. In other financing stages, funds will be allocated for project development works – completion of construction and promotion of sales.
After the construction is completed and the apartments are sold, the total project sales revenue should reach 2 531 255 EUR, and the planned average sales price – 2 025 EUR/m².
Loan information:
The loan will be repaid from apartment sales revenue, and interest to investors will be paid from advance payments or the company’s working capital.
Maximum financed amount: 1 900 000 EUR. The project is financed according to the current valuation of the pledged property until the set maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new valuation of the property must be carried out and further financing stages will be announced and raised only if the set maximum LTV is not exceeded.
The planned amount to be raised is within 7 days, with the possibility to extend up to 30 days if funds are not collected.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
