- Construction progress: Construction of the project has already started β since April, the foundations have been poured, walls erected, windows installed, floors concreted, and facade works are in progress. In addition, 7 preliminary saleβpurchase agreements have already been signed.
- 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 connections with the city center ensure 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 βGeltra,β a company with more than 10 years of experience in the real estate market and a proven track record of successful projects.
About the Project:
The project owner has acquired part of a land plot with a building permit and continues the development of a residential housing project in the Silainiai district of Kaunas, right next to the Neris River. The plot is planned to accommodate 8 semi-detached houses with areas ranging from 86.05 mΒ² to 114.57 mΒ². Construction works started in April 2025, with project completion scheduled for April 2026.
The apartments will be sold in partial finish condition. The project is progressing rapidly β foundations have been poured, walls erected, windows installed, floors concreted, and facade works are ongoing. 7 preliminary saleβpurchase agreements have already been signed. The location is very attractive β just steps away from the Neris River with excellent city center access, ensuring high sales potential. The project owner has already invested EUR 558,884 of own funds. The raised funds at this stage will be allocated to further project development.
Loan information:
The loan will be repaid from real estate sales revenues, which are expected to reach no less than EUR 3,104,588 excluding VAT. Interest to investors will be paid from company revenues or received advance payments.
The maximum planned project financing amount is EUR 2,100,000 (of which EUR 438,500 has already been raised). The project is financed based on the current valuation of pledged property until the maximum LTV ratio is reached. Once the maximum LTV is reached, a new property valuation will be carried out, and further financing stages will only be announced 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 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.
