• Construction progress Construction has started on all plots, with some already reaching a significant level of completion. The project implementation is progressing rapidly and according to plan.
• Increasing asset value: Since the previous stage, the value of the mortgaged assets has increased by EUR 612,561.71 excluding VAT, and since the start of financing – by EUR 902,643.71 excluding VAT.
• Experience with PROFITUS: The project owner’s affiliated group of companies has financed 7 projects through the PROFITUS platform, all of which have been successfully completed or are currently being developed according to plan. One of the group’s largest projects financed and successfully completed through the PROFITUS platform is the “Elfa Loftai” project.

Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.50% 
– From 350 EUR to 999 EUR – 8.75% 
– From 1 000 EUR to 3 499 EUR – 9.00%
– From 3 500 EUR to 9 999 EUR – 9.25%
– From 10 000 EUR – 9.50%
Important: separate investments are not cumulative and cannot be combined.

About the Project:
The project owner is successfully continuing the development of a residential semi-detached housing project in Vilnius, Papiškių g. 19. All five land plots (0.0425–0.0586 ha) are currently under active development, with one semi-detached house planned on each plot.

Currently, all plots of land included in the project have been issued building permits, and construction has already begun on all plots. Since the previous stage, the value of the property has increased significantly from EUR 560,992 to EUR 1,173,553.71 excluding VAT.

Construction works are ongoing on all five plots, with notable progress achieved in recent months:

• Papiškių st. 19 – actual completion around 65% (registered 19%)
• Papiškių st. 19A-1 – 70% (registered 47%)
• Papiškių st. 19A-2 – 70% (registered 47%)
• Papiškių st. 19C – 73% (registered 37%)
• Papiškių st. 19D – 61% (registered 35%)
• Papiškių st. 19B – 20% (registered 32%)

The project is progressing quickly and in line with the plan. The owner continues to actively invest in construction completion, aiming to reach 85% completion with partial interior finishing, after which the apartments will be sold.

Loan Information:
This loan will be repaid from project sales revenues, while interest to investors will be paid from the project owner’s operating income, advance payments, or income from other property sales.
The total estimated project sales revenue amounts to EUR 1,554,300 (excluding VAT).

Maximum planned project financing amount: EUR 900,000 (EUR 397,500 already raised). The project is financed based on the current appraised collateral value until the maximum Loan-to-Value (LTV) ratio is reached. Once the maximum LTV is achieved, a new valuation will be performed, and further financing stages will be announced only if the LTV limit is not exceeded.

The target fundraising period is 7 days, with the possibility to extend up to 30 days if the funds are not collected in full.