- Developer with a proven track record: The project owner has a strong reputation as a reliable developer, having successfully completed 12 projects on the platform, raising over EUR 1 M from investors.
- High energy efficiency: The building will be constructed using high-quality materials and advanced technologies, ensuring an A+ energy class rating. This means lower heating and cooling bills and greater comfort for your home.
- Past sales: There are a total of 32 apartments in the project, and 5 apartments have already been sold. The total sales revenue for these 5 sold apartments is EUR 301 400. This is a strong indicator of the project's attractiveness and potential.
- Unique design: The apartments will feature individually designed industrial-style interiors that reflect modern and refined taste.
- Close to nature: Dotnuvos street is surrounded by greenery - there is a park, a forest and a river nearby. This is a great place for those who enjoy spending time actively in nature.
About the project owner:
With over 10 years of experience in the construction sector, the project owner has successfully completed a wide range of projects, including construction, finishing work, and renovations.
About the project:
This modern apartment project was inspired by alchemists - people who believed that what is old can be reborn, what is worthless can become valuable, and what is simple can become extraordinary. The building that used to stand here will be resurrected and will be the first of its kind in Kedainiai.
Project objective:
Part of the loan funds will be used to refinance an existing loan from another credit institution in order to reduce borrowing costs, and the other part will be used for project development. The project owner is developing a multi-apartment residential building (32 property units) in Kėdainiai. Apartment sizes range from 28 m² to 64 m². At this stage, 10 apartments with their own land plots are being mortgaged. The developer will equip the apartments to full finish, arrange the landscaping and sell them. The expected sales revenue is EUR 603 000 including VAT. This loan will be repaid from the sales proceeds, and interest will be paid to investors from the project owner's operating income.
The maximum financed amount: EUR 420 000. The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 50% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.
Interest by investment amount:
– From 100 EUR to 249 EUR – 9.00%
– From 250 EUR to 499 EUR – 9.50%
– From 500 EUR to 1 999 EUR – 10.00%
– From 2 000 EUR to 6 999 EUR – 10.50%
– From 7 000 EUR – 11.00%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.
About the Profitus
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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
