- High property liquidity: The Neringa real estate market is characterized by consistently high demand and limited supply, making properties in this area highly liquid.
- Strategically attractive location: The mortgaged property is located just a few steps from the Baltic Sea, in an exclusive area with restricted development. Such a location ensures continuous buyer interest for both residential and recreational use.
- 100% property completion: Over the past year, the property has been fully fitted out from a partial-finish condition and officially registered as 100% complete. All major engineering systems, sanitary facilities and interior finishing works have been completed.
Interest rates based on investment amount:
– From EUR 100 to EUR 349 – 8.50%
– From EUR 350 to EUR 749 – 8.75%
– From EUR 750 to EUR 2,999 – 9.00%
– From EUR 3,000 to EUR 9,999 – 9.25%
– From EUR 10,000 – 9.50%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner owns recreational premises located in a prestigious location at Nidos-Smiltynės pl. 27-4, Neringa. Over the past year, the property has been fully fitted out from a partial-finish condition and officially registered as 100% complete.
The installation of engineering systems has been fully completed, including the installation and commissioning of a Premium-class “Zehnder ComfoAir Q180 ERV” heat recovery ventilation system. The sanitary facilities have also been fully completed and are ready for use – tiles have been installed, plumbing and concealed systems fitted, a shower enclosure installed, as well as separate ventilation and lighting.
The interior finishing works have also been completed – the walls and ceilings have been prepared and painted, high-quality carpeting has been installed throughout the recreational areas, and spot lighting has been fitted. The Project Owner additionally invested EUR 17,500 of own funds in fitting out and improving the premises.
The property is currently fully fitted out and ready for sale. The sales process is already underway, with property viewings being conducted with potential buyers. There is currently a potential buyer, and final confirmation is awaited. The Project Owner plans to sell the premises for approximately EUR 339,000 excluding VAT.
The Project is located in one of Lithuania’s most sought-after resort areas – Neringa, where real estate supply is limited and buyer interest remains high. With the property having reached 100% completion, the main stage of the Project is now the sale of the property.
At this stage, the funds raised will be used to refinance the existing PROFITUS loan, providing the Project Owner with additional time to complete the sale.
Loan information:
The loan will be repaid from the sale of the mortgaged property. Interest to investors will be paid from the advance payment received or from the company’s operating income.
The maximum planned Project financing amount is EUR 200,000 (EUR 188,000 already raised). The Project is financed based on the current valuation of the mortgaged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will have to be carried out, and further Project financing stages will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the required amount within 7 days, with the possibility of extending the fundraising period up to 30 daysif the required funds are not 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.
