- Experience with PROFITUS: The project owner, in cooperation with the PROFITUS platform, has successfully completed four projects through other group companies.
- Liquidity: The pledged asset is a liquid property located in Vilnius, where the apartment market remains active; therefore, the sale of the property, if necessary, is expected to be completed within a shorter period.
- Long-term experience: The company’s manager has long-term experience in the development of similar real estate projects, covering all stages from concept to final sale.
About the Project:
The project owner – the project company MB “NT Pliusai” – plans to acquire an apartment located at Didlaukio g. 65-116, Vilnius. A preliminary purchase–sale agreement has been signed, and an advance payment has been made. After acquiring the apartment, it is planned to rent it out by rooms to make more efficient use of the property’s potential. The estimated monthly rental income is around EUR 1,500.
After one year, it is planned to carry out renovation works using own funds to improve the condition of the apartment and increase its market value.
The property is located in Vilnius, in the Baltupiai district, where demand for rental and sales properties remains stable. Therefore, the asset is considered a liquid collateral, which could be sold within a shorter period if necessary.
Loan Information:
The loan will be repaid through refinancing at another credit institution. Interest to investors will be paid from rental income or the company’s member contributions.
The fundraising amount is planned to be collected within 7 days, with a possible extension of up to 30 days if the target 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.
