- Attractive location: The project is being developed in the central part of Kaunas, at Aušros St. 2A – an area characterized by a limited supply of new residential developments, well-developed infrastructure, and convenient transport connections. The proximity to Kaunas Old Town, Laisvės Avenue, and the city's main business and cultural destinations supports stable demand for high-end residential housing.
- Experienced developer: The project is being developed by UAB "Baltų Burlaivis", a real estate development company with more than 25 years of experience, having completed over 20 000 m² of residential, commercial, and tourism projects.
- Construction progress: The project is progressing according to plan – structural masonry works have been completed, the roof structure has been installed, the main engineering systems have been completed, the geothermal heating system has been installed up to the boiler room, and the water supply and sewage systems have been installed. The building has already been divided into separate apartments, and an application for the registration of the individual apartments with the Centre of Registers will be submitted shortly.
Interest rates based on investment amount:
– From EUR 100 to EUR 999 – 8.70%
– From EUR 1 000 to EUR 3 499 – 9.00%
– From EUR 3 500 – 9.30%
Important: Individual investments are not cumulative and cannot be combined.
About the development project:
The project owner continues the construction of a multi-apartment residential building at Aušros St. 2A, Kaunas. The project is progressing according to plan – structural masonry works have been completed, the roof structure has been installed, the main engineering systems have been completed, the geothermal heating system has been installed up to the boiler room, and the water supply and sewage systems have been installed. The building has already been divided into separate apartments, and an application for the registration of the individual apartments with the Centre of Registers will be submitted shortly.
The project comprises the construction of a three-storey multi-apartment residential building with underground and above-ground parking spaces. The planned gross building area is approximately 1 230 m². The projected apartment sale price is EUR 5 000–6 000/m², while parking spaces are expected to be sold for approximately EUR 30 000 per unit. The projected revenue from the developer's share of the project amounts to approximately EUR 1 500 000 and is expected to serve as the primary source for loan repayment.
The project is being developed in a prime location in the central part of Kaunas, at Aušros St. 2A. New residential developments in this area are rare due to the established urban environment and limited development opportunities. The location is valued for its proximity to Kaunas Old Town and Laisvės Avenue, convenient transport connections, and quick access to the city's main business, cultural, and service facilities. The surrounding area is distinguished by its historical and architectural value, making it an attractive location that supports long-term demand for higher-end residential properties.
About the pledged asset:
The loan is secured by a fully developed and actively operated commercial real estate property – Vasaknų Manor, located in the Zarasai district. The property consistently generates approximately EUR 60–80 thousand in net annual income from accommodation, events, celebrations, and other services. Built in 1780, Vasaknų Manor is a historic estate situated within Gražutė Regional Park, a protected natural area known for its scenic surroundings. The property features authentically restored architecture, a well-maintained environment, an extensive lakeshore, and facilities adapted for commercial activities. It is a distinctive asset with both cultural and economic value and serves as the primary collateral for the loan.
Loan information:
The loan is expected to be repaid from the proceeds of apartment sales upon completion of the development or through refinancing with another financial institution. Interest payments will be covered from the income generated by Vasaknų Manor or from advance payments.
The maximum planned project financing amount is EUR 750 000 (EUR 617 000 has already been funded). The amount may be raised in stages. The project is financed based on the current valuation of the pledged asset until the maximum permitted loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and subsequent financing stages will only be launched if the maximum permitted LTV ratio is not exceeded.
We plan to raise the target amount within 7 days, with the possibility to extend the fundraising period 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.
