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Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
Apartment building, Druskininkai
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  • Building Permit Issued: The project already has an issued building permit for the completion of the construction of a multi-apartment residential building and for changing its intended use, meaning construction works can proceed smoothly without additional coordination processes.
  • Significant Contribution: The project owner has already invested a significant amount of their own funds — as much as 38% of the total project value — ensuring a strong personal commitment to the successful implementation of the project.
  • Strategic Location: The project is being developed in the central part of Druskininkai city — close to cultural and recreational sites such as the Druskininkai Water Park, the Cable Car (Lynų Kelias), and the Cultural Center — ensuring high property liquidity and attractiveness to buyers.

Interest by investment amount:
– From 100 EUR to 299 EUR – 8.20%
– From 300 EUR to 699 EUR – 8.60%
– From 700 EUR to 2 499 EUR – 9.00%
– From 2 500 EUR to 7 499 EUR – 9.40%
– From 7 500 EUR to 19 999 EUR – 9.80%
– From 20 000 EUR – 10.20%
Important: Individual investments are not aggregated and cannot be combined.

About the Project:
The project owner has acquired a 15.67-are plot of land (zoned for multi-apartment buildings) with an unfinished building — originally intended as guest houses — located at Žalioji St. 11, Druskininkai. The developer intends to complete the construction and change the building’s purpose to that of a multi-apartment residential building. Upon completion, 21 apartments (fully finished) will be created, along with 14 underground and 7 above-ground parking spaces (one per apartment) and 16 storage units. On the 1st and 2nd floors, 19 apartments (ranging from 40–47 m²) with terraces/balconies are planned, while the 3rd floor will feature two spacious and luxurious apartments (101–103 m²) The total sellable apartment area is 1,081 m². The building already has an issued construction and usage change permit. According to the project owner, the current actual construction completion rate is 35% (registered at 29% in the Center of Registers).

The project's planned sales revenue is EUR 3,520,402 (excluding VAT). The project owner intends to fully finish the apartments and sell them. The sales process has been entrusted to one of the largest and most reliable real estate agencies in Lithuania — Ober-Haus. The projected apartment sales price is EUR 3,243,540 (excluding VAT), or approximately EUR 3,000/m² (excluding VAT).

The building is being developed in the central part of Druskininkai, near key sites such as the Druskininkai Cultural and Congress Center, the Druskininkai Water Park, the Cable Car to the "Snow Arena," and the newly built "Nemunas" building.

Loan Information:
The loan will be repaid from the sales proceeds of the apartments, storage units, and parking spaces. Interest payments to investors will be made from the operating revenues of the company's shareholder.

Maximum Amount to be Financed: EUR 1,600,000. The project is financed based on the current valuation of the mortgaged property, maintaining a set maximum loan-to-value (LTV) ratio. If the maximum LTV is reached, a new property valuation will be conducted, and further financing stages will be announced and launched only if the established maximum LTV is not exceeded.


We plan to raise the amount to be raised within 7 days with the possibility to extend to 30 days in case of failure to raise the funds.

Location
Zalioji st. 11, Druskininkai, Lithuania

About the Profitus

ECSP license

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.

Minimum investment
100 EUR
Advertised return
11,4%
Investors
44,041
Payment options
Direct debit, Bank transfer
Total funding volume
254,260,361 EUR
Average loan duration
N/A
What does Profitus offer?

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.

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