- Experienced developer: The project is being developed by a company belonging to one of the largest real estate development groups in Lithuania – CITUS. The group has significant experience in real estate development and has completed or is currently developing projects with a total area of 143 105,60 m².
- Attractive location: The project is being developed in a strategically attractive location in the Šnipiškės district, ensuring high property liquidity and consistent demand.
- Construction progress: Over the course of a year, all floors of the building have been constructed, and finishing and interior installation works are currently underway. The building's registered completion level in the Real Estate Register is 33 %.
Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 7.80%
– From 300 EUR to 699 EUR – 8.00%
– From 700 EUR to 1 999 EUR – 8.20%
– From 2 000 EUR to 4 999 EUR – 8.40%
– From 5 000 EUR – 8.60%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner, a company belonging to the CITUS group of companies, is developing a new residential and commercial real estate project, “CITUS Miesto akordai”, at Trimitų St. 14, Vilnius. The project is being developed in a strategically attractive location in the Šnipiškės district, close to Vilnius city centre. The project involves the construction of a modern 6-storey apartment building comprising 51 apartments, 7 commercial premises, 29 above-ground and 30 underground parking spaces, some of which will be equipped with electric vehicle charging stations or infrastructure adapted for their installation.
The project will also include 12 bicycle storage facilities and 10 storage units. The commercial premises on the lower floors will provide additional amenities for residents – services, shops and cafés. The project will feature convenient and functional layouts, ranging from compact 25 m² studio apartments to spacious five-room apartments of up to 110 m² arranged over two floors. The top floor will feature distinctive apartments with 5,6 m high ceilings and mezzanines, offering views over the rapidly changing Žalgirio Street. “Citus Construction” specialists plan to complete the works in Q1 2027. Over the course of a year, all floors of the building have been constructed, and finishing and interior installation works are currently underway.
The Real Estate Register records a building completion level of 33 % and a total area of 2 163,83 m². The project has a high level of pre-sales. According to information provided by the project owner, the property units are being sold at higher prices than initially projected at the start of the project, which has a positive impact on the project's expected profitability and reduces the risks associated with the project's realization.
The funds raised during this financing stage will be used to continue the project development works.
Loan information:
The loan will be repaid from property sales proceeds, while interest to investors will be paid from advance payments and the company's working capital.
Maximum planned Project financing amount: 4 500 000 EUR (2 858 415 EUR already raised). The project is financed based on the LTC ratio. The LTC ratio (Loan-to-Cost) indicates the ratio between the loan amount and the total project cost. Project financing will be provided based on submitted construction work acceptance certificates, with funds transferred to the general contractor's account, without exceeding the maximum LTC ratio and the maximum loan amount. A new property valuation will not be carried out between financing stages; the decision to provide financing will be based on the approved construction work acceptance certificate issued by the Construction Technical Supervisor and evidence confirming payment of the Client's own contribution.
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 raised.
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.
