- Experienced developer: The project owner has more than 10 years of experience in residential real estate development, and the company has demonstrated a strong financial position and profitable operations in recent years.
- Strategic location: The project is located in Vilnius at K. Jakubėno g. 23. The property is situated in the Naujoji Vilnia district, approximately 12 km from the city center, in a conveniently accessible and attractive residential area.
- Clear loan repayment strategy: The property is actively being marketed for sale, and the loan repayment is planned from the proceeds of the property's sale. If the property is not sold within the planned period, the loan is intended to be refinanced through another credit institution.
interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.00%
– From 350 EUR to 749 EUR – 8.20%
– From 750 EUR to 2 999 EUR – 8.40%
– From 3 000 EUR – 8.60%
Important: Individual investments are not accumulated and cannot be combined.
About the Project:
The project owner has been developing a semi-detached residential house project located at K. Jakubėno g. 23, Vilnius. The total area of the building is 216,50 m². The property is situated in the Naujoji Vilnia district, approximately 12 km from Vilnius city centre. The registered completion level of the building currently stands at 70%.
The initial plan was to complete the construction of the semi-detached residential house to 100% completion and subsequently sell the property. Following a change in the project owner's strategy, it was decided not to continue further construction works and instead focus on the sale of the property.
The property is currently being actively marketed for sale. During this financing stage, the existing Profitus loan balance is being refinanced in order to provide the project owner with additional time to complete the sale of the property.
Loan Information:
The loan is planned to be repaid from the proceeds of the sale of the pledged property or through refinancing with another credit institution. Interest payments will be made from the company's operating income.
The maximum planned project financing amount is 170 000 EUR. 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 further project financing stages will only be announced and funded if the established maximum LTV is not exceeded.
The fundraising period is planned for 7 days, with the possibility of extension up to 30 days if the target amount is not fully 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.
