- Additional Security: UAB Modulerus provides an additional guarantee covering the entire loan amount.
- Experienced Developer: Since 2019, the project manager has completed more than 7 residential, commercial, and administrative real estate projects (totalling 5 880 m²), covering the entire development cycle from acquisition to successful sale on the market.
- Construction Progress: The project is progressing according to schedule – the access road has been improved, utility networks and drainage systems have been installed, and the basement-level parking area has been excavated. Additionally, foundation piles and pile caps have been installed, columns and retaining walls have been concreted, stairwell walls have been built, and staircases 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 2 499 EUR – 9.75%
– From 2 500 EUR to 7 499 EUR – 10.00%
– From 7 500 EUR – 10.30%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner is developing "Miško ritmu", a 3-storey residential building comprising 60 apartments, located on Svajonių Street in Narėpai, Kaunas District Municipality. The project already has its own website, miskoritmu.lt, which presents the project concept and available apartments. The total saleable apartment area will amount to 2 518,51 m², with individual apartment sizes ranging from 34,57 to 64,38 m². All apartments will be sold with partial finishing, targeting the affordable and mid-range residential housing segment in the Kaunas district. The project is being developed in a green area of Narėpai, next to a forest, while maintaining convenient access to Kaunas.
The project concept emphasizes modern architecture, functional apartment layouts, and a residential environment surrounded by nature. Construction works are ongoing. The access road has been widened, its foundations have been prepared, ditches have been filled, and culverts have been installed. The basement-level parking area has been excavated, removing approximately 1,5 m of soil. Utility networks have also been laid, and a drainage system has been installed. Significant progress has also been made on the building's structural works – foundation piles have been drilled and concreted, pile caps have been installed, and columns and retaining walls have been concreted. Stairwell walls have been built, and staircases have been concreted.
Currently, 7 preliminary apartment sale and purchase agreements have been signed.
Loan Information:
The loan will be repaid from the proceeds of the sale of the pledged property, while interest payments to investors will be made from the company's working capital.
Maximum planned project financing amount, secured by first-ranking and second-ranking mortgages: 3 600 000 EUR (798 000 EUR already raised, secured by a first-ranking mortgage, and 20 000 EUR secured by a second-ranking mortgage). The project loan agreement is scheduled to end on 2029-02-22. Funds for the project may be raised in stages, with the current financing stage having a duration of 12 months. The project is financed based on the current valuation of the pledged 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 subsequent project financing stages will only be launched and funded if the established maximum LTV ratio is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period to 30 days if the required 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.
