- Construction progress: Construction works have advanced significantly – the registered completion level of both apartments in the Real Estate Register has reached 60%. The building's walls have been constructed, the floors have been concreted, and facade insulation and final roofing works are currently underway.
- Strategically attractive location: The project is being developed on Marvelės Street, in one of Kaunas' rapidly developing residential areas, just ~3 km from the city center. The attractiveness of the location enhances property liquidity and broadens the pool of potential buyers.
- Experience with PROFITUS: The project owner has successfully developed another project in Kaunas in cooperation with the PROFITUS platform. Investors were repaid on time.
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 9.00%
– From 350 EUR to 749 EUR – 9.20%
– From 750 EUR to 1 999 EUR – 9.40%
– From 2 000 EUR to 4 999 EUR – 9.60%
– From 5 000 EUR to 9 999 EUR – 9.80%
– From 10 000 EUR – 10.00%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner continues the construction of a semi-detached residential building at Marvelės St. 41A, Kaunas. The total area of the building under development is 274.74 m². The building has already been divided into two separate property units – apartments measuring 139.42 m² and 135.32 m², which will be sold fully finished, without furniture.
Construction works have progressed – the registered completion level of both apartments in the Real Estate Register currently stands at 60%. The building's walls have been constructed, the floors have been concreted, and facade insulation and final roofing works are currently underway. According to the project owner, approximately 343 000 EUR of own funds, excluding VAT, have already been invested in the project development.
The project is being developed in a residential area designated for the construction of individual houses. Marvelės Street offers an attractive location – just approximately 3 km from Kaunas city center, while maintaining the tranquility and privacy characteristic of residential neighborhoods with individual houses.
The total planned selling price of both apartments is approximately 681 174 EUR (2 479 EUR/m² excluding VAT).
Loan Information:
The loan will be repaid from the proceeds of property sales, while interest payments to investors will be made from advance payments or the company's working capital.
Maximum financing amount: 440 000 EUR (Already raised 148 000 EUR). The project loan agreement is valid until 2028-04-06. Funds for the project may be raised in stages, and the duration of this financing stage is 12 months. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will be required, and subsequent financing stages of the Project will only be announced and funded 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 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.
