- Liepāja City Potential: Liepāja is a strategically attractive city with a recovering real estate market, growing demand for residential housing, and increasing investor activity, creating favourable conditions for property value growth and sale.
- Experienced Developer: The Project Owner has many years of experience in real estate development and construction and has successfully completed projects in Liepāja 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).
- Additional Security: Personal guarantees are provided by the company owner and an individual for the full loan amount.
Interest Rate Depending on the Investment Amount:
– From 100 EUR to 349 EUR – 8.70%
– From 350 EUR to 749 EUR – 8.90%
– From 750 EUR to 2 999 EUR – 9.10%
– From 3 000 EUR – 9.30%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The Project Owner carries out real estate development activities focused on the renovation of older buildings, reconstruction of premises, their division into smaller units, and the fitting-out of residential apartments. The developer has experience in implementing so-called “flipping” projects – acquiring lower-value properties, renovating them, and creating additional value through rental income or sale.
The funds raised will be used to refinance the Company's existing loan and for the Company's working capital. The working capital will be used to continue and finance other real estate projects developed by the developer. At this financing stage, a 181.4 m² apartment owned by the Project Owner, located at Uliha iela 11/11A-11A, Liepāja, is pledged.
The property is located in the central part of Liepāja, close to the Baltic Sea coast and the beach. Uliha iela offers convenient access to the city centre, everyday services, public transport, and the city’s main attractions. The location is attractive for both long-term and short-term rental, as well as for residential property buyers.
Loan Information:
The loan will be repaid from property sale proceeds or through refinancing with another credit institution. Interest will be paid from the Company's operating income and/or property sale proceeds.
Maximum Planned Project Financing Amount: 181 000 EUR. The Project will be financed by securing the loan with both a first-ranking and a second-ranking mortgage.
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.
