- Reliable credit history: The project owner has no delays related to loan repayments. Through the PROFITUS platform, they have already financed 4 projects, fulfilling obligations to investors on time. This demonstrates responsible financial management and a trustworthy track record.
- Liquid asset: The pledged real estate is 100% complete and fully furnished property located in Palanga.
- Attractive location: The property is situated just 400 meters from the Baltic Sea, on Užkanavės Street in Palanga. This is a popular and highly sought-after recreational area where property values and rental occupancy remain high year-round.
Interest rates by investment amount:
– From 100 EUR to 349 EUR – 8.00%
– From 350 EUR to 999 EUR – 8.25%
– From 1 000 EUR to 3 499 EUR – 8.50%
– From 3 500 EUR to 9 999 EUR – 8.75%
– From 10 000 EUR – 9.00%
Important: separate investments are not cumulative and cannot be combined.
About the project:
During the previous financing stage, the client acquired non-residential (recreational) premises of 40.45 m² located at Užkanavės g. 33, Palanga. The property is fully completed (100% readiness) and currently actively rented for short-term stays. The premises generate stable income — the average net monthly income amounts to around EUR 1,700, with very high occupancy during the season.
At this stage, the client seeks to refinance the existing PROFITUS loan and settle with investors from the first stage, thereby optimizing financial commitments and reducing loan servicing costs.
The project stands out for its high liquidity — these are fully equipped recreational premises that, thanks to their prime location and rental demand, ensure stable cash flow and maintain strong market value.
Loan information:
The loan will be repaid through refinancing in another credit institution or from the sale of the property. Interest payments to investors will be made from short-term rental income.
Maximum planned financing amount: EUR 160,000. 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 valuation will be conducted, and further financing stages will only proceed if the set LTV limit is not exceeded.
The fundraising period is 7 days, with a possible extension of up to 30 days if the target amount is not reached.
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.
