- Attractive Location in Kaunas: The project is being developed in the Aleksotas district – a quiet neighborhood of detached houses with good access to the city center. Kaunas City Centre and the Old Town are only 6.5–7 km away, allowing future residents to combine a peaceful residential environment with convenient access to daily services and workplaces.
- Experienced Developer: The project owner has accumulated approximately 2 000 m² of residential real estate development experience. During their operations, they have completed 4 apartment renovation projects, 3 house renovation projects, and 10 residential house construction projects.
- In-Demand Housing Format: The project will comprise 11 two-room apartments with individual parking spaces. This type of housing remains in demand among both first-time homebuyers and investors, making the project attractive to a broad target audience.
Interest Rates by Investment Amount:
– From EUR 100 to EUR 349 – 8.40%
– From EUR 350 to EUR 749 – 8.60%
– From EUR 750 to EUR 2 999 – 8.80%
– From EUR 3 000 to EUR 9 999 – 9.00%
– From EUR 10 000 – 9.20%
Important: Individual investments are not aggregated and cannot be combined.
About the Project:
The project owner intends to acquire two older residential houses located in the Aleksotas district of Kaunas. Following the acquisition, simple repair works will be carried out, and the existing buildings will be converted into 11 separate two-room apartments by establishing a usage arrangement.
The current total registered area of both residential houses is 442.93 m². Upon completion of the project and the planned renovation works, the total saleable area will reach approximately 480 m².
All apartments will be sold with partial finishing, providing future buyers with the opportunity to complete the interior according to their individual needs and preferences. Each apartment will also be assigned an individual parking space. The project is being developed in Aleksotas – one of the fastest-changing districts of Kaunas. The property is located in the southern part of the eldership, in a quiet neighborhood of detached houses characterized by low-intensity traffic. The convenient location ensures good connectivity with the main parts of the city – Kaunas City Centre and the Old Town can be reached within just 10–15 minutes by car, with a distance of approximately 6.5–7 km.
The project is focused on the segment of affordable and functional housing, where demand remains stable among both first-time homebuyers and investors. Compact two-room apartments, private parking spaces, and a peaceful residential environment create an attractive offering in the Kaunas residential real estate market.
The funds raised will be used for the acquisition of the real estate and the financing of project development works. Project revenues will be generated through the sale of the newly formed and partially finished apartments to end buyers.
The projected sales revenue of the project is EUR 1 048 000.
Loan Information:
The loan will be repaid from the proceeds generated by the sale of the developed property, while interest payments to investors will be covered from advance payments.
Maximum funding amount: EUR 700 000. Please note that the project will be financed with the loan secured by both first-ranking and second-ranking mortgage pledges. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and subsequent financing stages of the Project will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the funds are not 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.
