- Experienced developer: The project owner has long-term experience in real estate development and construction and has successfully completed projects in Liepaja with a total area of approximately 10 400 m² – including Uliha iela 11 (~8 000 m²), Jaunā iela 10 (~1 500 m²), Strautu iela 6 (~500 m²) and Alejas iela 10 (~400 m²).
- Marketable housing: The planned final price of ~100 000 EUR per unit falls within an active market segment, while transaction volumes in the surrounding area (305 transactions within 12 months in a 1–2 km radius, 129 transactions within ~500 m) indicate high liquidity and support smooth apartment sales.
- Equity contribution: The project owner has already invested 208 000 EUR (excluding VAT) of own funds into property acquisition, representing 25,8% of the total project value.
- Potential of the city of Liepāja: Liepāja is a strategically attractive city with a recovering real estate market, growing demand for residential housing, and increasing investor activity, creating favorable conditions for asset value growth and successful realization.
Interest rates by investment amount:
– From 100 EUR to 299 EUR – 8.80%
– From 300 EUR to 599 EUR – 9.00%
– From 600 EUR to 1 999 EUR – 9.20%
– From 2 000 EUR to 4 999 EUR – 9.40%
– From 5 000 EUR to 9 999 EUR – 9.60%
– From 10 000 EUR – 9.80%
Important: individual investments are not cumulative and cannot be combined.
About the Project:
The project owner has acquired a 1 248 m² land plot with an existing 875,4 m² former school building and a 97 m² garage building, located at Dzelzcelnieku iela 1, Liepaja, and plans to reconstruct the buildings for residential use, forming separate apartments for sale. The project is located in a strategically convenient area of Liepaja with good access to main transport routes and proximity to the port and railway infrastructure. The area is of mixed-use character, combining residential, commercial and former industrial properties, making it suitable for conversion-type developments with further value growth potential. The project owner has already invested 208 000 EUR (excluding VAT) of own funds into property acquisition, representing 25,8% of the total project value.
At this stage, the client seeks to refinance an existing loan of 250 000 EUR and raise additional capital to complete the project. Planned works include roof renovation, replacement of windows and doors, interior finishing, installation of water supply and sewage systems, heating and ventilation systems, electrical installation works, fire safety solutions, lightning protection and site improvement works, including parking and garage infrastructure.
Upon completion, the apartments will be sold fully finished at an average price of 1 463 EUR/m² (excluding VAT). Based on current assumptions, total projected sales revenue amounts to approximately 1 008 772 EUR.
Loan information:
The loan will be repaid from property sales proceeds or through refinancing. Interest will be paid from advance payments and/or the company’s operating income.
The maximum project financing amount is 550 000 EUR, of which 450 000 EUR will be raised with a first-rank mortgage and 100 000 EUR with a second-rank mortgage. The project is financed based on the current valuation of the pledged assets until the maximum loan-to-value (LTV) ratio is reached.
The funding is expected to be raised within 7 days, with the possibility to extend up 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.
