- Experience with PROFITUS: The Project owner, in cooperation with PROFITUS, has successfully developed the residential house project “House on Kryžiokų sodų St., Vilnius”.
- Experienced developer: The Project owner has many years of experience in construction, interior finishing, and real estate development. Since 2001, he has been operating in the construction sector, developing residential and commercial properties, and plans to carry out the renovation works of this property using his own resources.
- Liquid location: The Project is being developed in Justiniškės, one of the well-developed districts of Vilnius, characterized by stable residential real estate demand, convenient connections, and developed infrastructure. Following renovation and conversion into a 3-room apartment, the liquidity and sales value of the property are expected to increase.
Interest rates according to the investment amount:
– From 100 EUR to 349 EUR – 7.80%
– From 350 EUR to 749 EUR – 8.00%
– From 750 EUR to 2 999 EUR – 8.20%
– From 3 000 EUR – 8.40%
Important: separate investments are not aggregated and cannot be combined.
About the Project:
The Project owner aims to acquire a 49.76 m² apartment in the Justiniškės district of Vilnius. A notarial transaction agreement has already been concluded. The acquired property is planned to undergo a major renovation and be converted into a 3-room apartment, thus increasing its market value and liquidity.
Construction and interior finishing works will be carried out by the Project owner using his own funds. The planned project development period is approximately 2–3 months, after which the property is planned to be sold within the following 3 months. According to the Project owner’s assessment, the value of the renovated and replanned property could reach approximately EUR 160,000.
The Project is being developed in Justiniškės — one of the most densely populated and well-developed districts of Vilnius, characterized by convenient access to the city center, developed infrastructure, and stable residential real estate demand. Nearby there are shopping centers, educational institutions, public transport stops, and leisure areas, making the location attractive both for living and investment.
Loan information:
The loan will be repaid from the proceeds of the sale of the pledged real estate. Interest will be paid from the company’s working capital and operating income.
We plan to raise the target amount within 7 days, with the possibility to extend the funding period up to 30 days if the amount is not fully collected.
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.
