- Construction work is progressing rapidly: the actual completion of the project now exceeds 70% – the exterior finishing has been completed, and intensive interior installation works are underway. The project is being developed quickly and efficiently to ensure the fastest possible asset realization.
- High Liquidity: The project is being developed in Vilnius, near the central part of the city, making it highly liquid. Based on market trends, it is expected that all properties will be sold within 3–6 months.
- Successful Sales Progress: Sales are proceeding as planned – 36% of the total saleable area has already been reserved (744.41 m² out of 2,065.33 m²). Notarial agreements are scheduled to be signed starting in May, confirming strong investor interest and stable project implementation.
- Guarantee: The company MB Insta Projektai provides a guarantee for the full loan amount.
Interest by investment amount:
– From 100 EUR to 299 EUR – 9.00%
– From 300 EUR to 699 EUR – 9.50%
– From 700 EUR to 2 999 EUR – 10.00%
– From 3 000 EUR to 9 999 EUR – 10.50%
– From 10 000 EUR to 49 999 EUR – 11.00%
– From 50 000 EUR to 99 999 EUR – 11.50%
– From 100 000 EUR – 12.00%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The project owner has acquired a 2,430.51 m² building—guesthouse, located at Vytenio St. 50, Vilnius. Intensive renovation work is currently underway, and the building's adaptation for residential and commercial purposes has already reached more than 70% completion. The construction work is progressing rapidly—the building’s exterior finishing is complete, and interior installation is ongoing.
Planned Sales:
- 60 lofts with a total saleable area of 1,463.71 m² (27 lofts already reserved).
- Commercial premises on the first floor with a saleable area of 197.43 m².
- Basement premises with a saleable area of 404.19 m².
Currently, 36% of the total saleable area has been reserved (741.44 m² out of 2,065.33 m²), and the sales plan is proceeding as scheduled. Notarial agreements are planned to be signed starting in May. The project is being developed in Vilnius, very close to the central city area, making the property highly liquid and attractive to both homebuyers and investors. In this phase, the loan funds will be used for the refinancing of an existing PROFITUS loan and real estate development to increase the property’s value and ensure a successful sales process.
Loan Information:
In this stage, the funds raised will be used for the refinancing of three PROFITUS loans, with a total value of 1,520,000 EUR, and an additional 60,000 EUR will be allocated for real estate development.
Maximum financed amount: 2,100,000 EUR. The project will be financed based on the current valuation of the pledged property until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and further project financing phases will only be launched if the 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 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.
