- Clear and Planned Development: The plot is acquired with an already issued building permit, allowing the project implementation to begin immediately after purchase, without additional delays due to documentation or permit approvals. This ensures a smooth execution of the project.
- High Property Liquidity and Attractive Location: The project is being developed in an exclusive and rapidly growing area of Kaunas, just a few steps from the Neris River. Excellent connectivity to the city center ensures strong demand for residential housing, making the newly built semi-detached houses in this area highly marketable.
- Guarantee: The entire loan amount is guaranteed by UAB "Geltra", a company operating in the real estate market for more than 10 years, with a successful history of projects and extensive experience.
Interest by investment amount:
– From 100 EUR to 349 EUR – 8.00%
– From 350 EUR to 749 EUR – 8.30%
– From 750 EUR to 4 999 EUR – 8.60%
– From 5 000 EUR – 9.00%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The project owner plans to acquire a land plot in Kaunas, in the Šilainiai district, near the Neris River, and develop a residential housing project. The plan includes the construction of 8 semi-detached houses, with sizes ranging from 86.05 m² to 114.57 m². Construction is scheduled to begin in April 2025, with completion expected in April 2026. The apartments will be sold with partial finishing.
The plot where the project will be implemented is being acquired with a valid building permit, ensuring that construction can start immediately without any additional delays related to documentation preparation or permit approvals. This guarantees a smooth project launch and faster implementation. The project is located in an exclusive and rapidly developing area of Kaunas, just a few steps from the Neris River. This attractive location and excellent connectivity to the city center ensure high demand for residential housing, making the newly built semi-detached houses in this area highly marketable.
Loan Information:
The loan will be repaid from real estate sales revenue, which is planned to be 3,104,588 EUR excluding VAT. Interest payments to investors will be made from the company's owner's accumulated personal funds and business income.
The maximum planned project financing amount is 2,100,000 EUR (EUR 260 000 already raised). The project is financed based on the current valuation of the pledged asset until the predetermined maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and further financing stages will only be announced and collected if the set maximum LTV is not exceeded.
The targeted amount is planned to be raised within 7 days, with the possibility of extension up to 30 days if the full amount is not collected in time.
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.
