- Experienced developer: The project owner has been active in the market since 2012 and has accumulated significant experience in developing residential, commercial, and administrative projects in Lithuania and abroad. During the course of operations, more than 5 000 m² of real estate has been developed.
- Strategically attractive location: The project is being developed on Marvelės Street, one of the rapidly developing residential areas in Kaunas, just ~3 km from the city center. The attractiveness of the location increases asset liquidity and ensures a broader pool of potential buyers.
- Experience with PROFITUS: The project owner, in cooperation with the PROFITUS platform, has successfully developed another project in Kaunas. Settlements with investors were made on time.
Interest rates according to investment size:
– From 100 EUR to 349 EUR – 8.40%
– From 350 EUR to 999 EUR – 8.60%
– From 1 000 EUR to 4 999 EUR – 8.80%
– From 5 000 EUR – 9.00%
Important: separate investments are not cumulative and cannot be combined.
About the Project:
The project owner has acquired a land plot where a semi-detached residential house is planned. Currently, documents have been submitted to obtain the construction permit (SLD), which, according to the information provided by the project owner, is expected to be issued by mid-April. The total area of the planned semi-detached house will be 274,74 m² (units: 139,42 m² and 135,32 m²). Both units will be sold with full finishing, without furniture.
For additional financing security, a residential house with a land plot in Marvelė is pledged, which will serve as an additional collateral instrument during the project development stage. The project is being developed in a residential area designated for individual house construction. The location – Marvelės Street – is attractive due to its proximity to Kaunas city center (about 3 km), while maintaining the tranquility and privacy of residential areas.
The planned total sales price is approximately 681 174 EUR (2 479 EUR/m² excluding VAT), which corresponds to the market level in this location and project segment. At this stage, the funds raised will be used for refinancing the existing PROFITUS loan and for real estate development works.
Loan information:
The loan will be repaid from property sales proceeds, while interest to investors will be paid from advance payments or the company’s working capital.
Maximum financing amount: 440 000 EUR. The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be carried out, and further project financing stages will be announced and executed only if the established maximum LTV is not exceeded.
The target is to raise the funds within 7 days, with the possibility to extend up to 30 days if the amount is 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.
