- Experienced developer: The Project Owner has been operating in the market since 2012 and has accumulated significant experience in developing residential, commercial and administrative projects in Lithuania and abroad. Over the course of its operations, more than 5 000 m² of real estate has been developed.
- Experience with PROFITUS: The Project Owner has successfully developed another project in Kaunas in cooperation with the PROFITUS platform. Investors were repaid on time.
- Location of the pledged property: The pledged apartment is located in Kaunas city centre, on I. Kanto Street – a sought-after part of the city distinguished by convenient transport connections, well-developed infrastructure and a broad pool of potential buyers. These factors strengthen the property’s liquidity and sale potential.
Interest rates by investment amount:
– From 100 EUR to 349 EUR – 8.30%
– From 350 EUR to 749 EUR – 8.50%
– From 750 EUR to 1 999 EUR – 8.75%
– From 2 000 EUR to 4 999 EUR – 9.00%
– From 5 000 EUR – 9.30%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The Project Owner is borrowing funds to complete the projects under development, securing the loan with a 71.36 m² apartment owned by the Project Owner in a prestigious part of Kaunas city centre – I. Kanto St. 6-8. The pledged apartment is located at I. Kanto St. 6-8, in Kaunas city centre – an area characterised by stable demand for residential properties and a broad market of potential buyers. The central location, convenient transport connections and well-developed surrounding infrastructure strengthen the property’s attractiveness in the event it needs to be sold.
Use of funds:
The raised funds will be allocated to the development of a semi-detached residential house project on Marvelės Street. The project includes two spacious apartments with a total area of 274,74 m²: one measuring 139,42 m² and the other 135,32 m². Both apartments will be offered with full finishing, allowing future owners to create an interior according to their individual needs. The Marvelės Street area is attractive to families and buyers who value privacy and a quieter lifestyle while wishing to remain close to the city – Kaunas city centre is approximately 3 km from the project.
Loan repayment is planned from the sale of this property.
Loan information:
The loan will be repaid from the proceeds of the sale of another property under development, while interest to investors will be paid from advance payments or the company’s operating income.
Maximum financed amount: 194 672 EUR (Already raised EUR 50,000). The Project loan term is 12 months; however, funds are raised in stages. At this stage, funds are being raised for a 12-month term. The Project is financed based on the current valuation of the pledged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and further Project financing stages will be announced and raised only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 d. with the possibility of extending the funding period to up to 30 d. 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.
