- Financially stable company: The company operates profitably, generates stable income, and maintains the ability to meet its financial obligations while ensuring positive liquidity.
- Experienced developer: The project owner has been active in the real estate development sector since 2010 and has completed 8 residential projects with a total area of approximately 3,200 m².
- Attractive location: The pledged property is located in Palanga, one of the most liquid resort cities in Lithuania, characterized by stable real estate demand. The property is situated in a quiet residential environment with convenient access to both the city center and the seaside area.
About the Project:
The project owner pledges an 85% completed apartment with a part of the land plot owned by him, located in Palanga at Lygioji g. 1B-3; Žalioji g. 2. The project is being developed in one of the most attractive resort real estate markets in Lithuania, characterized by stable demand for both residential and holiday housing.
The property is located in a quiet and attractive part of Palanga suitable for both living and recreation, dominated by individual houses and low-density residential developments. Convenient access to the city center, seaside, and key infrastructure facilities ensures good property liquidity and attractiveness to potential buyers or tenants. Palanga remains one of the most active resort real estate markets in Lithuania, therefore residential property in this city maintains strong value and long-term demand in both sales and rental markets.
The projected sales revenue of the entire project, if the property were to be sold on the market, amounts to EUR 129,752. The raised funds will be invested into the development of other projects or the completion and full interior finishing of the pledged property. In the long-term perspective, the property is planned to be fully completed and retained for rental activities, thus creating an income-generating real estate asset.
Loan information:
The loan will be repaid from the sales of currently developed projects. Interest payments will be covered from the company’s working capital (rental income) and revenue generated from sold development projects.
We plan to raise the target amount within 7 days, with the possibility to extend the fundraising period up to 30 days if the amount is not collected.
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.
