- 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 (180 000 EUR already raised). 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 est une plateforme de crowdfunding et d’investissement avec un investissement minimum de 100 euros. Les investissements Profitus sont garantis par des hypothèques immobilières. Votre investissement est sécurisé par une première ou une deuxième hypothèque sur la propriété, ainsi que par d’autres garanties (par exemple, une caution ou une garantie). Les transactions sont gérées par Lemonway, un fournisseur de services de paiement réglementé.
Profitus est une plateforme de crowdfunding et d’investissement dont le principal objectif est de rendre l’investissement accessible à tous. Les investissements commencent à 100 euros, et la plateforme est ouverte 24/7. Les investissements sont garantis par la mise en gage de biens immobiliers et d’autres garanties (par exemple, une indemnité ou une garantie). Différents projets ont différents outils de sécurité auxquels les utilisateurs peuvent accéder en libre-service pour chaque projet.
Profitus consulte la Banque de Lituanie afin d’assurer une conformité parfaite avec la loi. Profitus fonctionne avec Lemonway, un fournisseur de services de paiement réglementé.
