- Strategic location: The project is being developed in the central part of Druskininkai, close to cultural and leisure attractions such as Druskininkai Aqua Park, the Cable Car and the Cultural Centre, ensuring high property liquidity and attractiveness to buyers.
- Additional security: UAB "Dainija" provides an additional guarantee for the entire loan amount.
- Significant equity contribution: The project owner contributes a significant share of own funds to the project, accounting for 38% of the total project costs.
Interest rates based on the investment amount:
– From 100 EUR to 299 EUR – 10.00%
– From 300 EUR to 699 EUR – 10.25%
– From 700 EUR to 1 499 EUR – 10.50%
– From 1 500 EUR to 3 499 EUR – 10.75%
– From 3 500 EUR to 6 999 EUR – 11.00%
– From 7 000 EUR to 14 999 EUR – 11.25%
– From 15 000 EUR – 11.50%
Important: separate investments are not aggregated and cannot be combined.
About the Project:
“Žalioji 11” is a residential real estate project located in the central part of Druskininkai, at Žalioji St. 11. The project is being developed on a 15.67-are plot by reconstructing an unfinished building that was previously planned as a guest house.
The project will comprise 21 fully finished apartments, 14 underground and 7 above-ground parking spaces – one for each apartment – as well as 16 storage units. The total saleable area will amount to 1 081 m². The first and second floors will feature 19 compact apartments ranging from 40–47 m², with terraces or balconies, while the third floor will comprise 2 spacious apartments of 101–103 m². More information about the project is also available at www.zalioji11.lt.
Since the previous financing stage, design and construction works have continued on the project. Design works for the structural, HVAC, energy and external engineering sections have been completed, along with the installation of the roof structures, roof insulation and slope layer, and rainwater drainage systems. Electrical installation and plumbing works have also been carried out, along with basement levelling, the installation of additional windows on the sides of the building, exterior works and works required following the expert assessment. The project implementation schedule has been extended, while the construction budget has increased. One of the main reasons is the modification of the project solutions in order to achieve a higher A++ energy efficiency class. This requires a new Revision B of the construction design as well as the use of more expensive materials that meet higher energy efficiency requirements. Due to the increased scope and cost of the works, the project's financing needs have also increased. The final project budget and the exact amount of additional financing required are currently still being determined.
The funds raised at this stage will be used for continued project financing, providing the project owner with additional time to complete the construction works. The scheduled end date of the project loan agreement is 2027-04-28. Funds for the project may be raised in stages, while the duration of this financing stage is 7 months.
Loan information:
The loan will be repaid through planned refinancing. Interest to investors will be paid from the business income of the company's shareholder.
Maximum financing amount: 1 600 000 EUR (1 442 000 EUR already raised). The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will have to be carried out, and further financing stages of the Project will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising 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.
