- Experience with PROFITUS: The project owner has successfully completed a project in cooperation with the PROFITUS platform – “House on Felicijos St.” All investments, along with the earned interest, have already been repaid.
- Own contribution: The project owner has invested approximately 246,628 EUR, which makes up about 42% of total project costs.
- Additional collateral: An additional property is pledged – a liquid residential house located in Vilnius.
About the Project:
The project owner is continuing the development of a semi-detached residential house at J. Montvilo g. 27D, Grigaičiai village, Vilnius district municipality. Two spacious apartments are being developed – 129.66 m² and 129.92 m². The total building area is 259.58 m². The project is located in a residential area where infrastructure is actively developing – roads are being constructed, new houses, educational institutions, and service facilities are emerging. Currently, major construction works have been completed, and according to the Centre of Registers, the completion rate is 71% (actual completion approx. 83%). The project owner has decided to register the object based on actual completion and proceed with the sale.
At this stage, the funds are being raised to refinance an existing loan via the PROFITUS platform, as the project owner did not manage to realize the sale of the property within the planned timeframe.
Loan information:
This loan will be repaid from the revenue of the semi-detached house sale. Interest to investors will be paid from the project owner's operational income.
Maximum planned project financing amount: 350,000 EUR. The project is financed based on the current valuation of the pledged property until the maximum Loan-to-Value (LTV) ratio is reached. Once the maximum LTV is met, a new property valuation must be performed, and the next financing stages will only be announced and raised if the defined LTV is not exceeded.
We plan to raise the required amount within 7 days with the possibility of extending the period 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.
