- Growing Jūrmala real estate market: In 2025, the number of apartment purchase and sale transactions in Jūrmala increased by 13,4 %, while transactions involving individual houses increased by 6,6 %. The growing number of transactions reflects stable demand for residential real estate in the city.
- Prestigious location: The project is being developed in one of the most attractive areas of Jūrmala. Over the past 12 months, seven residential real estate transactions worth more than 1 mln. EUR were completed in Jūrmala – 5 of them in the vicinity of the mortgaged property. This reflects the strong attractiveness and liquidity of the location.
- Experienced team: The project developer has accumulated experience in developing more than 1 500 m² of real estate. The portfolio of completed projects includes residential and commercial properties in Riga and Jūrmala – from reconstruction projects to successfully completed sales.
- Liquid collateral: The loan is secured by real estate currently offered for sale for 2,99 mln. EUR. If the property is sold, the loan would be repaid ahead of schedule, while the further development of the new project would be financed from the developer’s own funds.
Interest rates based on the investment amount:
– From 100 EUR to 299 EUR – 9.00%
– From 300 EUR to 699 EUR – 9.20%
– From 700 EUR to 1 999 EUR – 9.40%
– From 2 000 EUR to 3 999 EUR – 9.60%
– From 4 000 EUR to 7 999 EUR – 9.80%
– From 8 000 EUR to 14 999 EUR – 10.00%
– From 15 000 EUR to 29 999 EUR – 10.25%
– From 30 000 EUR – 10.50%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner intends to develop a residential housing project at Edinburgas iela 89, Jūrmala. The plan is to reconstruct the two-storey former library building, add a third floor and change the building’s designated use to residential. Following the reconstruction, the total area of the building will amount to approximately 700 m², while the saleable area will comprise approximately 600 m². The project provides for the development of 12 compact apartments.
The projected total sales revenue of the project amounts to 1,8 mln. EUR excluding VAT, while the projected profit is 400 000 EUR. The project owner has already paid an advance for the property being acquired.
The loan will be secured by real estate owned by the company’s owner, while the raised funds will be used to refinance an existing business loan and provide additional working capital financing for the acquisition of the new project. The mortgaged property at Bulduru iela 114 is currently offered for sale for 2,99 mln. EUR.
The property under development is situated in one of the most attractive areas of Jūrmala – close to the beach, Jomas Street and Dzintari Park. This part of the city benefits from well-developed infrastructure, convenient transport links with Riga and sustained demand for residential property.
In 2025, the number of apartment purchase and sale transactions in Jūrmala increased by more than 13 % compared with the previous year, while transactions involving individual houses increased by almost 7 %. In addition, five real estate transactions worth more than 1 mln. EUR were completed in the vicinity of the mortgaged property over the past 12 months. These figures create favourable conditions for the successful development and sale of the project.
Loan information:
The loan will be repaid from the sale of the property or by refinancing the loan with another credit institution, while interest payments to investors will be covered from the company’s operating income and/or proceeds from the sale of the property.
Maximum financing amount: 1 800 000 EUR (810 500 EUR already raised). The project will be financed based on the current valuation of the mortgaged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will be required, 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 funding period 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.
