- Additional security: The company UAB Modulerus provides an additional guarantee for the full loan amount.
- Experienced developer: Since 2019, the project manager has successfully completed more than 7 residential, commercial and administrative real estate projects (a total of 5 880 m²), covering the entire development cycle from acquisition to successful sale on the market.
- Construction progress: The project is being developed according to schedule – the access road has been improved, utility networks and drainage have been installed, and the basement-level parking area has been excavated. Piles and pile caps have also been installed, columns and retaining walls have been concreted, stairwells have been built and stairs have been concreted.
Interest rates by investment amount:
– From 100 EUR to 349 EUR – 9.30%
– From 350 EUR to 749 EUR – 9.50%
– From 750 EUR to 2 999 EUR – 9.75%
– From 3 000 EUR to 9 999 EUR – 10.00%
– From 10 000 EUR – 10.30%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner is developing the “Miško ritmu” project on Svajonių St. in Narėpai, Kaunas District Municipality – a 3-storey residential apartment building comprising 60 apartments. The project already has its own website, miskoritmu.lt, where the project concept, apartments and available options are presented. The total saleable apartment area in the project will amount to 2 518,51 m², with apartment sizes ranging from 34,57 to 64,38 m². All apartments will be sold with partial finishing, targeting the affordable and mid-range housing segment in Kaunas District. The project is being developed in a green area of Narėpai, next to a forest, while maintaining convenient connections to Kaunas. The project concept focuses on contemporary architecture, functional apartment layouts and a residential environment surrounded by nature.
Since the previous financing stage, a significant amount of infrastructure and construction work has been completed. The access road has been reinforced and widened, its foundations have been prepared, ditches have been filled and culverts installed. The basement-level parking area has been excavated by removing approximately 1,5 m of soil. Utility networks have also been laid and drainage installed. Significant progress has also been made on the building's structural works – piles have been drilled and concreted, pile caps installed, columns and retaining walls concreted. Stairwells have been built and stairs concreted.
The project is being implemented according to schedule. Currently, 7 preliminary apartment purchase and sale agreements have been signed.
Loan information:
The loan will be repaid from the proceeds of the sale of the mortgaged property, while interest to investors will be paid from the company's working capital.
The maximum planned project financing amount, secured by primary and secondary mortgages: 3 600 000 EUR (Already raised 692 000 EUR, secured by a primary mortgage, and 20 000 EUR, secured by a secondary mortgage). The project loan agreement is scheduled to end on 2029-02-22. Funds for the project may be raised in stages, and in this financing stage they are being raised for a period of 12 months. The project is financed based on the current valuation of the mortgaged 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 further 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 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.
