- Experience with PROFITUS: The project owner has successful cooperation experience with PROFITUS, implementing projects in the Kunigiškės area.
- Experienced developer: The project owner has been active in the real estate market since 2021 and during this period has successfully developed 5 residential projects with a total area of approximately 3 000 m².
- Attractive location: The property is located in the northern part of Palanga city, approximately 800 m from the Baltic Sea and about 3 km from Palanga city center. The surrounding area is dominated by individual residential houses, recreational buildings, and undeveloped land plots of other designated use.
Interest rates based on investment amount:
– From 100 EUR to 499 EUR – 8.30%
– From 500 EUR to 2 499 EUR – 8.50%
– From 2 500 EUR – 8.70%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The project owner operates a short-term rental business in Palanga. Fully furnished guest houses are rented out, actively operated during the summer season, and generate income from short-term rentals.
The client plans to raise financing for the company’s working capital, which will be used to finance construction works for the real estate projects being developed by the company.
The property is located in the northern part of Palanga, approximately 800 meters from the Baltic Sea and around 3 km from Palanga city center. The surrounding area consists mainly of individual residential houses, recreational buildings, and undeveloped land plots. The location is attractive for short-term rentals and meets the demand for holiday real estate in the seaside region.
Potential proceeds from the sale of the mortgaged property, if required, would amount to EUR 143,000.
Loan Information:
The loan will be repaid from the proceeds of the sale of the mortgaged or other owned property, while interest payments will be covered from the proceeds of the sale of other property.
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.
