• Successful sales launch: The project owner has started selling apartments with parking spaces – 15 apartments (904.41 m²) with 20 parking spaces have been preliminarily sold.
• Reliable developer and contractor: The project is being implemented by a real estate developer with big experience in the sector. Construction work is carried out by the general contractor UAB "Conres LT", which has over 20 years of experience and has already built more than 802,000 m² RE projects.
• Advanced construction stage: Since the last finance stage, the project owner is finishing the interior works of the first floors of the buildings and is beginning construction work on the second floor.
• High project profitability: The projected profitability of the project exceeds 30%, demonstrating strong financial potential, ensuring a reserve for managing development risks, and providing an attractive investment return.
• Sales managed by professionals: The project's sales have been entrusted to the "Solds Real Estate" team, which is known for its long-standing successful experience in premium residential real estate sales, high competence, and market expertise.

Interest by investment amount:
– From 100 EUR to 499 EUR – 9.20%
– From 500 EUR to 1 999 EUR – 9.50%
– From 2 000 EUR to 7 499 EUR – 9.75%
– From 7 500 EUR – 10.00 %
Important: Individual investments are not aggregated and cannot be combined.

Exclusive Location and Project Vision:
In the town of Palanga, in the Monciškės neighborhood, just 400 meters from the sea, a unique, unprecedented premium segment apartment complex is being developed. This project will be part of a modern seaside complex, which will include not only residential buildings but also a hotel, SPA, restaurant, coworking, and service spaces.

The exceptional architectural project covers four plots of land with approved construction permits. The development plan involves the construction of three three-story apartment buildings, with a total of 129 apartments.The project also includes a designated parking space for each apartment and 76 storage units, providing additional convenience and added value for future residents or investors. The total saleable area is 7,108.58 m².

Construction with a Reliable Contractor:
The project has already entered an advanced construction phase – since the last stage, the project owner is finishing the interior works of the first floors of the buildings and is beginning construction work on the second floor. The construction works are being carried out by the experienced general contractor UAB “Conres LT.” The company has extensive experience implementing high-quality construction projects across various sectors throughout Lithuania – from luxury hotels and factories to logistics centers and cultural facilities. The expected project completion date is the end of Q3 2027.

Strong Financial Potential:
The apartments will be sold with partial finishing. It is projected that the sale of all 129 apartments, along with storage units and parking spaces, will generate 30,084,400 EUR in revenue, with a total project profit of 10,294,968 EUR. Considering these figures, the profitability will exceed 30%, indicating a strong return on investment and high financial attractiveness.

Loan Information:
The loan will be repaid from the proceeds of the sale of the developed property, and interest to investors will be paid from the shareholder's personal funds or advance sale payments.

The total loan requirement for this project is 11,882,276 EUR. Since this amount exceeds the limit set by the crowdfunding regulations, PROFITUS will join a syndicated loan agreement with another financial partner. PROFITUS's share of the loan will amount to 5,000,000 EUR, and the syndicate partner's share will be 6,882,276 EUR. Please note that the stage will be financed on the basis of the LTC indicator. The LTC indicator (Loan-to-cost) refers to the ratio between the loan and the total project cost. The project will be financed on the basis of the submitted acceptance of the construction works, to the account of the general contractor, up to a maximum LTC and the maximum loan amount. No additional reassessment of the property will be carried out between the financing phases and the financing decision will be based on the certified acceptance of the works by the Construction Superintendent and the Client's evidence of payment of the equity share.

The targeted amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if the funds are not collected.