- Experienced Developer: One of the shareholders has been active in the real estate market since 2022 and has successfully completed more than 10,000 m² of residential projects.
- Attractive Location: The project is being developed in the rapidly growing Bendoriai village, Avižieniai eldership, where due to limited supply and high demand, property sales are expected within 3–6 months.
- Strong Financial Foundation: More than one-third of the project’s budget has already been covered with own funds, ensuring a stable start and a clear basis for implementation.
About the Project:
The project owner has acquired a land plot located at Ilgoji st. 23, Bendoriai village, Avižieniai eldership, Vilnius district. Bendoriai village is one of the fastest-growing residential areas in Vilnius district, attractive to buyers seeking an alternative to city housing. The area is surrounded by actively developing residential neighborhoods, with established infrastructure and convenient access via both Ukmergė Highway and the Old Ukmergė Road.
The planned development is a semi-detached residential house with a total project area of 278.50 m². The developer has already started the works using own funds: land surveys, drawings and permit documentation have been prepared, utility connection and infrastructure fees paid, geodesy completed, foundations registered at the Centre of Registers (6% completion), access road built, land prepared, foundations constructed and insulated, and filled with sand.
The project is planned to be completed up to partial finishing and sold by Q3 2026. Expected project sales revenue – EUR 415,801 (EUR 1,493/m²). Given the attractive location, rapidly urbanizing environment, limited supply and growing demand, the semi-detached house is considered an optimal real estate product with a good balance of price, size, and quality of living, especially appealing to young buyers and families. Therefore, the project is assessed as having strong realization and liquidity prospects, with potential sales within 3–6 months.
Loan Information:
The loan will be repaid from the sales proceeds of this property. Interest to investors will be repaid from advance payments or the company’s working capital.
Maximum project financing amount: EUR 210,000. 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 achieved, a new property valuation will be required, and further project financing stages will only be announced and raised if the maximum LTV is not exceeded.
The targeted amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if funds are not fully 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.
