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We present a new project of staged financing - "Alejos langas". The raised funds will be used for the reconstruction of the building. The amount to be raised at this stage is EUR 100 000. This loan will be covered by the proceeds from the sale of the property.

The aim of the project:
The project owner is reconstructing a 1 000 square-meter building in the city center at E. Ozeskienes st. 3, Kaunas. It is planned to form 16 apartments and 3 commercial premises in the building. Currently, part of the apartments with a sales revenue of EUR 1 300 000 are reserved in the project. The planned sales revenue for the whole project is about EUR 2 000 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors a 4.48-acre plot of land with a 1 002.97 square-meter building and other courtyard buildings is pledged at E. Ozeskienes st. 3, Kaunas. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 147 000.

Maximum planned amount of funding for the project: EUR 750 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.

Interest by investment amount:
- From 100 EUR to 999 EUR – 7%
- From 1 000 EUR to 4 999 EUR – 7,5%
- From 5 000 EUR – 8%
Important: investments made separately are not aggregated.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

About the Profitus

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
N/A
What does Profitus offer?

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.

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