- Over 6 000 m² of residential real estate projects developed: This demonstrates the developer's ability to successfully implement various real estate projects over the 4 years of the company's existence. The number provides a tangible scale and allows to assess the developer's capabilities in the real estate sector.
- The project owner plans to invest about 25% of his own funds (about 1.1 million EUR) in the project development works, which clearly demonstrates his strong commitment and unwavering confidence in the project's success.
- Prestigious location: The project will be implemented in a convenient location in Vilnius - Dvarcionys, 8.7 km from the city center. Dvarcionys Lake is just 1 km away.
About the project:
The company owns a land plot (since 2023) on which it is planned to build 4 multi-apartment (3-story) buildings with a total area of 2,829 m², consisting of 28 apartments. The area of apartments for sale is 1,492.84 m². The average apartment size is 51.72 m². 34 parking spaces (underground) and 17 storage units are planned for parking. The project owner intends to fully finish the apartments and sell them.
Project progress:
The project development has progressed significantly since the last stage. Significant construction works have been carried out, such as the installation of sloping wooden roof structures, concreting of floors, and erection of house walls. These works not only visually change the appearance of the building but also mark significant progress in the construction process. Due to the work done, the project value has increased by 431,000 EUR excluding VAT.
Loan information:
The planned revenue from the sale of 100% completed 4 apartment buildings is 6,142,940 EUR including VAT. This loan will be covered by the proceeds from the sale, and interest to investors will be paid from the operating income of the project owner.
Maximum funding amount: 3,200,000 EUR (already collected 861,900 EUR). The project is financed according to the current valuation of the mortgaged property until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further stages of project financing will be announced and collected only if the established maximum LTV is not exceeded.
Interest by investment amount:
– From EUR 100 to EUR 299 – 8.60%
– From EUR 300 to EUR 749 – 9.10%
– From EUR 750 to EUR 3 499 – 9.60%
– From EUR 3 500 to EUR 11 999 – 10.10%
– From EUR 12 000 – 10.60%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.
About the Profitus
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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
