- Liquidity: The lofts and storage premises are being developed in a strategically convenient Naujininkai location, where real estate demand remains stable; therefore, the expected sales period is 6–12 months.
- Clear Strategy: The company collaborates with partners specializing in loft sales, ensuring that the property realization is well-planned and targeted towards the appropriate client segment.
- Experience: The Project Coordinator has been active in the market since 2016 and has implemented more than 10 residential, commercial, and administrative-type projects.
About the Project:
The project owner intends to acquire one-third of an industrial–administrative building in the southern part of Vilnius, in the industrial Naujininkai district, and reconstruct it by developing residential lofts and storage spaces. During the project, 24 residential lofts will be created, with sizes ranging from 27.21 m² to 44.84 m², and the total sellable area, including mezzanines, will reach 819.51 m². The lofts will be completed to partial finish and sold to end buyers. Additionally, storage facilities are planned – a large warehouse (216.24 m²) and 15 small storage units (71 m²) for loft buyers. These premises will either be sold.
The pledged part of the property is planned to be completed and sold by Q3 of 2026. According to the project owner’s forecasts, sales revenues during the project realization period may reach approximately 1,337,537 EUR, calculated based on the loft sale price (1,500 EUR/m²), storage units (600–700 EUR/m²) and the large warehouse (300 EUR/m²).
The evaluated property is in a strategically convenient location – in the Naujininkai district, next to well-developed road, railway, and industrial infrastructure. Vilnius International Airport is located nearby. Such a location is attractive for both industrial and residential real estate.
Loan Information:
The loan will be repaid from real estate sales revenues, while interest payments to investors will be covered from advance payments, the company’s working capital, and sales of other owned assets.
The maximum planned Project financing amount: 772,024 EUR. We note that the amount required for the acquisition of the property is 315,000 EUR. The amount may be raised in stages, and interest to investors will be calculated starting from the period when the full required amount for the property acquisition is collected. The loan will be repaid from real estate sales revenues, while interest payments to investors will be covered from advance payments, the company’s working capital, and sales of other owned assets.
The project is 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 achieved, a new property valuation must be performed, and further Project financing stages will only be announced and collected if the established maximum LTV is not exceeded.
The target amount is planned to be collected within 7 days, with the possibility to extend up to 30 days if funds are not fully raised.
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.
