- Experienced developer: The company's director has completed approximately 5 000 m² of residential real estate projects. Previous projects include detached houses and apartment buildings in Vilnius and its surrounding areas.
- Attractive location near Vilnius: The project is being developed near the Neris River, in a wooded area surrounded by detached residential houses. Convenient access to Vilnius and an asphalted access road increase the property's attractiveness to potential buyers and create favourable conditions for a successful sale.
- High project completion level: The project has reached 85 % completion, meaning that the majority of construction works have already been completed. The financing will be used to complete the remaining construction works to full interior finish.
Interest rates according to investment amount:
– From 100 EUR to 299 EUR – 8.50%
– From 300 EUR to 699 EUR – 8.75%
– From 700 EUR to 1 999 EUR – 9.00%
– From 2 000 EUR to 4 999 EUR – 9.25%
– From 5 000 EUR – 9.50%
Important: Individual investments are not aggregated and cannot be combined.
About the Project:
The project owner is developing a semi-detached residential house project in Skirgiškės village, Riešė eldership, Vilnius District Municipality. The project has currently reached 85 % completion, meaning that the majority of construction works have already been completed. The funds raised will be allocated to the company's working capital, part of which will be used to complete the remaining construction works to full interior finish.
The project consists of two spacious apartments registered as separate real estate units.
The project owner plans to sell the pledged property within 6–12 months, with expected sales proceeds amounting to 352 893 EUR.
The pledged property is located approximately 21 km from Vilnius city centre and has an asphalted access road. The Neris River flows nearby, while the surrounding area is characterised by forests and detached residential housing. This location may be attractive to buyers seeking a home in a natural setting while maintaining convenient access to Vilnius. Such a location creates favourable conditions for maintaining the property's attractiveness to potential buyers.
Loan Information:
The loan is expected to be repaid from the sale of the pledged property. Interest will be paid from the company's operating income or working capital.
Maximum financing amount: 280 000 EUR. The project is financed based on the current valuation of the pledged property until the maximum permitted loan-to-value (LTV) ratio is reached. Once the maximum LTV has been reached, a new property valuation will be required, and further financing stages of the Project will be announced and funded only if the maximum permitted LTV ratio is not exceeded.
The target amount is planned to be raised within 7 days, with the possibility of extending the funding period up to 30 days if the target 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.
