- Experience with PROFITUS: The project owner, in cooperation with the PROFITUS platform, has successfully completed a project in Kunigiškės.
- Experienced developer: The project owner has experience in the real estate market and has completed similar real estate projects with a total area of 3,000 m².
- Steady construction progress: The buildings at Upelio aklg. 15 are registered in the Real Estate Register with a completion rate of 29–39%, while their actual completion may reach up to 70%. Once these buildings are completed, development will continue on the plot at Upelio aklg. 13.
Interest rates based on investment amount:
– From EUR 100 to EUR 299 – 9.20%
– From EUR 300 to EUR 699 – 9.40%
– From EUR 700 to EUR 1,999 – 9.60%
– From EUR 2,000 to EUR 4,999 – 9.80%
– From EUR 5,000 – 10.00%
Important: Separate investments are not added together and cannot be combined.
About the Project:
The project owner continues the development of a residential housing complex in Kunigiškės, Palanga. The project is being developed on two adjacent land plots located at Upelio aklg. 13 and Upelio aklg. 15. A total of 6 separate property units will be formed within the project, ranging in size from 86.18 m² to 100.87 m². The project will consist of two single-unit ancillary buildings and two semi-detached residential houses.
The buildings located on the Upelio aklg. 15 plot are currently under active development. Significant construction progress has been achieved since the previous financing stages – utility infrastructure has been installed, masonry works have been completed, windows have been installed, roof structures have been constructed, and other construction and finishing works are ongoing. The buildings are registered in the Real Estate Register with a completion rate of 29–39%; however, based on the latest available construction progress photos, their actual completion may reach up to 70%.
The project owner plans to complete and sell the houses currently being developed on the Upelio aklg. 15 plot in the near future. Once this stage of the project is completed, development of the Upelio aklg. 13 plot is planned to begin, where an ancillary building and a semi-detached residential house will also be developed.
The project is being developed in Kunigiškės – a peaceful and scenic seaside area with well-developed infrastructure and convenient connections to the centre of Palanga. The location is attractive to both permanent residents and investors due to increasing real estate values and stable demand for residential properties.
Loan Information:
The loan will be repaid from the proceeds of real estate sales, while interest to investors will be paid from advance payments and/or the company's working capital.
Maximum financing amount: EUR 800,000 (EUR 282,000 already raised). 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 will be required, and further financing stages of the Project will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the funds are not 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.
