- Growing Jūrmala RE Market: In 2025, the number of apartment sale transactions in Jūrmala increased by 13.4%, while transactions involving detached houses grew by 6.6%. The increasing transaction volume 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 exceeding EUR 1 million have been completed in the project's vicinity, five of which were located in the neighbourhood of the pledged property. This reflects the attractiveness of the location and the strong liquidity of real estate in the area.
- Experienced Team: The project developer has accumulated more than 1,500 m² of real estate development experience. The completed project portfolio includes residential and commercial properties in Riga and Jūrmala, ranging from reconstruction projects to successfully completed property sales.
- Liquid collateral: The loan is secured by real estate that is currently being offered for sale at EUR 2.99 million. If the property is sold, the loan will be repaid ahead of schedule, and the further development of the new project will be financed from the developer's own funds.
Interest rate based on investment amount:
– From EUR 100 to EUR 299 – 9.00%
– From EUR 300 to EUR 699 – 9.25%
– From EUR 700 to EUR 1 499 – 9.50%
– From EUR 1 500 to EUR 2 999 – 9.75%
– From EUR 3 000 to EUR 6 999 – 10.00%
– From EUR 7 000 to EUR 14 999 – 10.25%
– From EUR 15 000 to EUR 29 999 – 10.50%
– From EUR 30 000 to EUR 49 999 – 10.75%
– From EUR 50 000 – 11.00%
Important: Individual investments are not aggregated and cannot be combined.
About the Project:
The project owner intends to acquire a property located at Edinburgas iela 89, Jūrmala, where a residential development project will be implemented. The existing two-storey former library building will be reconstructed, a third floor will be added, and the building's designated use will be changed to residential. Upon completion, the total gross floor area will reach approximately 700 m², of which around 600 m² will be offered for sale. The project envisages the development of 12 compact apartments. The projected total sales revenue for the project amounts to EUR 1.8 million (excluding VAT), with an estimated profit of EUR 400,000. The project owner has already paid an advance for the acquisition of the property. To secure the loan, real estate owned by the company's shareholder will be pledged. The raised funds will be used to refinance an existing business loan and provide additional working capital for the acquisition of a new project. The pledged property at 114 Bulduru Street is currently listed for sale at EUR 2.99 million.
The development property is located in one of Jūrmala's most attractive areas, close to the beach, Jomas Street and Dzintari Park. The neighbourhood benefits from well-developed infrastructure, convenient access to Riga and consistently strong demand for residential housing. In 2025, apartment transactions in Jūrmala increased by more than 13% compared to the previous year, while detached house transactions increased by nearly 7%. In addition, five real estate transactions exceeding EUR 1 million were completed in the immediate vicinity of the pledged property during the past 12 months. These market indicators reflect the area's attractiveness and property liquidity, creating 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 through refinancing with another financial institution. Interest payments to investors will be made from the company's operating income and/or proceeds from property sales.
The maximum financing amount is EUR 1,800,000. The project is financed based on the current valuation of the pledged property until the maximum permitted Loan-to-Value (LTV) ratio is reached. Once the maximum LTV has been reached, a new property valuation will be required. Any subsequent financing stages will be launched only if the updated valuation confirms that the maximum permitted LTV ratio is not exceeded.
Please note that interest will begin to accrue only after the full amount required for refinancing has been raised, i.e. not less than EUR 810,500.
The fundraising period is planned for 7 days, with the possibility of extending it to 30 days if the required amount is not collected within the initial period.
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.
