- Significant Development Potential: Two land plots in Vilnius with a total area of 1.4138 ha are being pledged as collateral. Both plots are designated for the construction of multi-apartment residential buildings, and a building permit has already been issued for one of them, located at Lietaviškių St. 19.
- Clear Plan for the First Development Phase: Following the acquisition of the land plots, construction of the first phase of the project is planned to begin. This phase will include 4 separate apartment buildings with a total area of 7 549 m², comprising 117 apartments and 96 parking spaces.
- Extensive Experience of the Group: KAITA Group has completed and is developing 26 real estate projects, sold 1 282 apartments, and developed and currently manages 942 build-to-rent residential units. The total area of developed projects amounts to approximately 78 600 m².
Interest Rates Based on Investment Amount:
– From 100 EUR to 299 EUR – 9.00%
– From 300 EUR to 699 EUR – 9.25%
– From 700 EUR to 2 499 EUR – 9.50%
– From 2 500 EUR to 6 999 EUR – 9.75%
– From 7 000 EUR to 19 999 EUR – 10.00%
– From 20 000 EUR to 49 999 EUR – 10.25%
– From 50 000 EUR – 10.50%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner plans to acquire a land plot located at Lietaviškių St. 19, Vilnius, with a total area of 1.4138 ha. The designated land use is for multi-apartment residential buildings and dormitories.
A building permit has already been issued for the plot. Following the acquisition of the land plot, construction of the first phase of the project is planned to begin. The first phase will include 4 separate apartment buildings with a total area of 7 549 m², comprising 117 apartments and 96 parking spaces. The first phase is expected to be completed by February 2028. The planned average selling price is approximately 2 519 EUR/m², while the estimated construction cost is approximately 1 300 EUR/m².
The designated land use and planned development provide significant potential for further development of the area. The funds raised during this financing stage will be used to partially finance the acquisition of the land plot in Vilnius.
Loan Information:
The loan will be repaid from property sales proceeds, while interest payments to investors will be covered from the company's working capital.
The total financing requirement for this project is 10 000 000 EUR. As this amount exceeds the threshold defined in the crowdfunding regulation, PROFITUS has the option to involve a syndication partner in the financing. Currently, 500 000 EUR has been raised through the PROFITUS platform. The overall loan agreement term is planned to be 36 months. Funds may be raised in multiple stages, with the current financing stage having a term of 18 months. The shareholders of the project owner's group also have the option to raise up to 5 000 000 EUR in additional financing through bond issuances. Obligations arising from the bonds may be secured by pledges of shares in group companies, and the funds raised may only be used to finance projects developed by the companies whose shares are pledged as collateral for the respective bond issuance. The specific terms and collateral arrangements for each bond issuance will be established in a separate agreement. The project will be financed based on the existing valuation of the pledged property until the maximum permitted loan-to-value (LTV) ratio is reached.
Please note that once the maximum LTV is reached, further financing may be provided based on the LTC ratio. The LTC ratio (Loan-to-Cost) represents the ratio of the loan amount to the total project budget. Project financing will be disbursed based on approved construction work acceptance certificates, directly to the general contractor's account, without exceeding the maximum LTC ratio or the maximum loan amount. No additional property valuation will be carried out between financing stages. Financing decisions will be based on approved construction work acceptance certificates issued by the Construction Technical Supervisor and evidence confirming that the Client has paid their required equity contribution.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period to 30 days if the target amount is not reached.
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.
