- Experience with PROFITUS: The project owner has successfully completed the project "House on Europos Parko St." through the PROFITUS platform. Settlements with investors were made on time.
- Liquidity and Development Potential: The project is being developed in the rapidly growing Kaributo neighborhood in Vilnius city, where the construction of over 100 new homes is planned. The houses will be sold fully finished, ensuring high liquidity and potential for value appreciation.
- Smooth Implementation: Currently, 21% of the semi-detached houses have been completed, with essential masonry work already done, and construction is progressing smoothly according to plan. Construction is expected to be completed within 12 months, i.e., by April 2026.
About the Project:
The project owner has acquired a plot of land in Vilnius city and has already started the construction of 15 semi-detached residential houses. At present, masonry work is underway—the third floor is under construction. According to the data from the Center of Registers, the completion rate of the semi-detached houses is 21%. A total of 15 semi-detached houses are planned to be developed, with a total area of 1,369.87 m². The project owner intends to fully finish the houses and sell them. The expected sales revenue is EUR 2,772,617 excluding VAT (EUR 2,024/m²).
Currently, it is planned to fully complete the construction and sell the houses by April 2026, with the first purchase-sale agreements to be signed by October this year.
Loan Information:
The loan funds are needed for the development and completion of the project. Part of the raised loan funds will also be used to acquire additional plots of land for further development.
The loan will be repaid from the proceeds of property sales, and the interest to investors will be paid from the company’s working capital and advance payments.
Maximum financed amount: 2,000,000 EUR (304 200 EUR already raised). The project is financed based on the current valuation of the pledged property, up to a specified maximum loan-to-value (LTV) ratio. Once the maximum LTV is reached, a new property valuation must be carried out, and further financing stages for the project will only be announced and collected if the set maximum LTV is not exceeded.
We plan to raise the required amount within 7 days, with the possibility to extend the funding period up to 30 days if needed.
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.
