- Experience with PROFITUS: The company has been cooperating with PROFITUS since 2021 and has successfully completed several projects. All funds raised for these projects have been fully repaid to investors.
- Additional Security: The company's shareholder and director provide additional personal guarantees for the entire loan amount.
- Liquidity: The pledged property is 100% completed, fully furnished and located in Vilnius, offering good liquidity.
Interest Rates Based on Investment Amount:
– From 100 EUR to 299 EUR – 8.80%
– From 300 EUR to 699 EUR – 9.10%
– From 700 EUR to 2 499 EUR – 9.40%
– From 2 500 EUR to 7 499 EUR – 9.70%
– From 7 500 EUR to 19 999 EUR – 10.00%
– From 20 000 EUR – 10.30%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner pledges a fully completed (100%) and fully fitted-out apartment with a total area of 284.16 m², located at Petešos St. 25-1, Vilnius.
During the initial financing stage, the project owner planned to renovate the pledged property and subsequently sell it. However, due to changing circumstances, these plans were not implemented – no renovation works have been carried out over the past year, and the property remains unsold. As a result, the project is undergoing continued financing. During this period, according to the information provided, the value of the pledged property has increased due to changes in the real estate market.
The project owner's planned loan repayment strategy remains unchanged – the loan is expected to be repaid either through the sale of the pledged real estate or using the company's working capital. If necessary, the loan may be refinanced again upon the expiry of the financing term.
The pledged real estate is located on Petešos Street in Vilnius. The active real estate market in the capital, well-developed urban infrastructure and demand for residential properties create favourable conditions for the property's liquidity and potential sale. The spacious layout and fully fitted-out condition of the property provide additional opportunities for potential buyers seeking a large residential property in the capital.
Loan Information:
The loan is expected to be repaid through the sale of the pledged real estate or using the company's working capital. Interest payments to investors will be made from the company's working capital.
The maximum planned Project financing amount is 273 000 EUR. The Project loan agreement is scheduled to expire on 2027-11-12. Funds for the Project may be raised in stages, with the current financing stage having a term of 12 months. 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 will be required, and subsequent Project financing stages will only be launched and funded if the established maximum LTV is not exceeded.
The funds are expected to be raised within 7 days, with the possibility of extending the fundraising period to 30 days.
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.
