- 15 years of experience: The project developer possesses 15 years of experience in the real estate market, demonstrating a strong understanding of market trends and customer preferences.
- Spacious 5-acre plot of land: In addition to spacious terraces, each A++ energy-efficient home includes a private 5-acre plot, ideal for creating a personalized outdoor oasis—a major draw for potential buyers seeking spacious, nature-oriented living.
- Solid financial foundation:The project owner has already invested €270,000 in land acquisition and development, providing a solid financial foundation and showcasing their dedication to the project's success.
- Early Success: The house and apartment in the Faustina's House project have already been sold, generating EUR 357 000 (incl. VAT) in revenue, demonstrating strong market demand and early profitability.
Project Rating (Project Loss Risk): A. This rating is consistent with the previous project rating of B-.
About the project owner:
The project owner has extensive experience in the real estate industry. He has successfully completed around 20 residential projects. This experience gives him deep knowledge of the real estate market, the construction process, and effective project management.
Project objective:
The owner of the project is developing a 15-apartment gated project "Faustinos Namai". The first phase of construction consisted of 3 semi-detached houses and 1 detached house. More about the project here. On the Profitus platform, the owner of the project finances the first construction phase by mortgaging 3 plots of land with building permits on which the project is being developed. The total buildable area of the first phase is 709.90 m2, the apartments are 91 - 110 m2. The apartments in the duplexes will be sold fully finished. The estimated sales revenue is EUR 1 478 000 including VAT.
Progress of apartment construction according to the Centre of Registers:
- Apartment Faustinos st. 13B-1: 85% completed
- Apartment Faustinos st. 13B-2: 85% completed
- Apartment Faustinos st. 13E-1: 85% completed
- Apartment Faustinos st. 13F-1: 100% completed
- Apartment Faustinos st. 13F-2: 100% completed
The maximum amount to be financed: EUR 700 000 (existing active portfolio EUR 605 000). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 70% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.
Interest by investment amount:
– From EUR 100 to EUR 249 – 9.20%
– From EUR 250 to EUR 499 – 9.60%
– From EUR 500 to EUR 1 499 – 10.00%
– From EUR 1 500 to EUR 4 999 – 10.40%
– From EUR 5 000 to EUR 14 999 – 10.80%
– From EUR 15 000 – 11.20%
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.
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.
