- 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 349 EUR – 8.50%
– From 350 EUR to 749 EUR – 8.75%
– From 750 EUR to 2 499 EUR – 9.00%
– From 2 500 EUR to 7 499 EUR – 9.25%
– From 7 500 EUR – 9.50%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The project owner carries out short-term rental activities in Palanga. Fully furnished guest houses are rented out, actively operated, and generate stable rental income. Over the past two years, approximately 40 000 EUR of net rental income has been generated from the property pledged on PROFITUS.
The project is fully implemented and operational. The project owner does not currently plan to sell the property and is waiting for more favorable real estate market prices. Accordingly, a planned refinancing of existing liabilities is being carried out on the PROFITUS platform.
The property is located in the northern part of Palanga city, approximately 800 meters from the Baltic Sea and about 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 rental and meets the demand for resort real estate in the coastal region.
Loan information:
This loan will be repaid from property sale proceeds. Interest payments are covered by short-term rental income.
The target amount is planned to be raised within 7 days, with the possibility to extend 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.
