- Experience with PROFITUS: The developer has successfully completed two projects through the PROFITUS platform: an apartment project on Karaliaus Mindaugo Avenue and the construction of a duplex on Užnerio Street in Kaunas. Both projects were executed smoothly, with timely settlements with investors.
- Developer's Experience: UAB "REVELOS" has been operating successfully in the real estate market since 2020. During this period, the company has developed 19 residential projects, totaling over 2,100 m².
- Strategically Attractive Location: The project is being developed in Vilnius District, just 1 km from the Pilaitė neighborhood—a rapidly developing residential area with all necessary infrastructure.
About the Project:
The project owner, UAB "REVELOS," specializes in residential real estate development, encompassing land acquisition, design, construction management, and final property sales. To ensure uninterrupted progress of ongoing projects, the company plans to borrow funds to increase working capital.
Currently, the developer is working on a single-family residential project at Dangaus St. 27F, Vilnius District, on a 0.1500 ha land plot. The house under construction has an area of 226.83 m². TThe project is nearly completed – according to the Register Centre data, the registered completion stands at 55%, but the actual property completion is 100%. The raised funds will be allocated to complete the project, including installing a SPA area, finishing the facade, registering 100% completion, and preparing the property for sale. Additionally, funds will cover payments to suppliers and subcontractors, purchase of construction materials, and administrative expenses.
Loan Information:
The loan will be repaid from the proceeds of the mortgaged property's sale, while interest payments to investors will be made from advance payments or revenues from other company real estate project sales/advances and the company's working capital.
The maximum planned project financing amount is 433,000 EUR. The project is financed based on the current valuation of the mortgaged property until the set maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation will be conducted, and further project financing stages will be announced and collected only if the set maximum LTV is not exceeded.
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.
