- Experience with PROFITUS: The project owner, in cooperation with the PROFITUS platform, has already successfully completed 2 projects – a house project on Luknojų St. and an apartment project at Giedraičių St. 39. All obligations to investors were fulfilled on time.
- Experienced team: The project owner has been operating in the real estate development market since 2010 and has completed approximately 15 residential projects during this period. The accumulated experience includes the acquisition, renovation, redevelopment, and sale of residential properties.
- Significant equity contribution: The client plans to finance the renovation works with own funds and independently carry out the construction works, thereby increasing the value of the property. The equity contribution amounts to EUR 57,688 or 36.58% of the total project costs.
About the Project:
The project owner intends to acquire a 46.90 m² apartment in the Lazdynai district of Vilnius. A preliminary purchase-sale agreement has been signed between the parties and an advance payment has already been made. After acquiring the property, a full renovation and redevelopment into a 3-room apartment is planned in order to increase the property’s liquidity and market value. The project is expected to be fully completed within 6–8 months, after which the property will be sold. The planned sales period is up to 1 month after completion of the construction works.
The projected total sales revenue of the project amounts to EUR 170,000.
The project is being developed in Lazdynai – one of the greenest and best-developed residential districts in Vilnius, characterized by stable residential real estate demand. The location is valued for its convenient connection to the city center, developed infrastructure, nearby shopping centers, educational and healthcare institutions. The attractiveness of the area is further enhanced by abundant green spaces and the nearby Neris Regional Park, making the renovated and functionally redesigned apartment attractive for fast realization in the market.
Loan information:
The loan will be repaid from the proceeds of the pledged real estate sale, while interest payments will be covered from the company’s operating income and ongoing project sales revenue.
The fundraising period is planned for 7 days, with the possibility to extend it up to 30 days if the target amount is not fully 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.
