- Rapid Project Implementation: Within just three months, the land was prepared, and the first floor was developed, demonstrating efficient work organization.
- Guarantee: The entire loan amount is guaranteed by a financially strong related company, UAB "Sigmaris."
- Attractive Project Location: The project is being developed on Vanagupės Street, one of the most desirable residential areas in Palanga, with well-developed infrastructure.
Interest by investment amount:
– From 100 EUR to 349 EUR – 9.20%
– From 350 EUR to 749 EUR – 9.50%
– From 750 EUR to 4 999 EUR – 9.80%
– From 5 000 EUR – 10.20%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The project owner is actively developing a holiday building project in Palanga, at Vanagupes St. 52. After acquiring the land, construction work has progressed rapidly—within just three months since the last phase, the first floor of the building has already been completed, and work continues according to the planned schedule. This modern holiday building is designed for comfortable living and will consist of 18 residential units, each with its own storage space and parking spot. The project is being developed in a strategically convenient location in Palanga, where well-developed infrastructure will ensure easy access and a comfortable stay. The developer plans to complete construction by Q4 2025 and aims to sell all apartments by Q1 2026.
Loan Information:
This loan will be repaid from sales revenue, which is expected to amount to 4,321,529 EUR (excluding VAT). Interest payments will be covered by the income of group companies.
Maximum planned project financing amount: 2,215,500 EUR (of which 466,115 EUR has already been raised).The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be conducted, and further financing stages will only be announced and raised if the set maximum LTV is not exceeded.
We plan to raise the required amount within 7 days, with the possibility of extending this period up to 30 days if the 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.
