- Liquid asset: The collateral consists of a fully furnished 146.49 m² apartment with a land plot share – a modern, move-in-ready and liquid property with high market appeal.
- Attractive location: The collateral is located in the Pavilnys district of Vilnius – one of the fastest-growing areas of the capital, where new residential quarters are actively being developed, and infrastructure and transport connections to the city centre are continuously improving, ensuring strong potential for property value growth.
- Developer’s experience: The project owner is a real estate developer with practical experience in residential property development in Vilnius. The company’s manager has successfully completed semi-detached housing projects on Z. Gulevič and Salotės streets, each with a total area of around 300 m².
About the project:
The project owner pledges existing real estate to attract funds for the company’s working capital. The collateral is a fully furnished, modern 146.49 m² apartment with a land plot share and engineering structures, located at Zofijos Gulevič St. 30A; 30A-1, Vilnius. The property is fully equipped and move-in ready, featuring quality finishes, a functional layout, and a cosy environment. It requires no additional investment and is attractive both for living and rental purposes.
The property is located in the rapidly developing Pavilnys district of Vilnius – one of the most dynamically expanding suburban areas of the capital, with new residential projects, improved infrastructure and excellent connections to the city centre. Due to the growing demand in the area, the property has good realisation prospects and high liquidity.
The raised funds will be directed towards the company’s ongoing development projects.
Loan information:
The loan will be repaid from the proceeds of the collateral sale or refinancing through another financial institution. Interest to investors will be paid from the company’s own funds or working capital. The estimated sale proceeds, if required, could reach 347 107 EUR excluding VAT.
The maximum planned project funding amount is 266 000 EUR (180 000 EUR already funded). The project is financed based on the current valuation of the pledged property until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new valuation will be conducted, and further financing stages will only be announced if the set LTV threshold is not exceeded.
The targeted amount is expected to be raised within 7 days, with the possibility of extension up to 30 days if needed.
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.
