Back to Profitus offerings
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
  • Loft quality and design: Lofts of high quality and stylish design can be sold at above-market prices, with sales proceeds of Approximately EUR 4.8 Million for all lofts. 
  • Authenticity of the building: Retaining the original façade preserves the historic character and uniqueness of the building.
  • The location of the assets to be developed leads to high demand: Naujamiestis is one of the most popular districts in Vilnius to live, work and spend leisure time. It is a popular place to live and work, and is one of the most popular places to live, work and play in the city, and is home to many businesses, shops, restaurants, cafes and entertainment venues, making it a convenient choice for families with children. 
  • The shareholders of the company have many years of experience in apartment refurbishment projects, having successfully completed more than 30 projects: This demonstrates that the company has the solid experience and know-how needed to successfully implement a loft sale project.
  • Increased confidence, for the full amount of the loan, guaranteed by MB Insta projektai: Surety provides investors with increased confidence in the project as it shows that the guarantor believes in its success and is willing to take on the financial responsibility. 

About the project owner:
The company's shareholders have redeveloped 120 apartments in Vilnius, with a total developed project area of 6 000 m2. A new company has been set up for this project, but the full amount of the loan is guaranteed by MB Insta projektai, an innovative real estate development company based in Vilnius.

About the project:
UAB Elfa Loftai acquires a building - a guest house with a lease on a plot of land in Naujamiestis by auction. The owner of the project will furnish the purchased premises - 60 lofts, furnished to full or partial completion and sold. This loan will be reimbursed from the proceeds of the sale of the project to be developed and the interest will be paid to the investors from the project owner's operating income.

The building is scheduled to be renovated:

  • Painting of exterior and interior walls;
  • Tiling of floors;
  • Renovation of ceiling finishes and lighting;
  • Electricity to each loft with separate electricity meters;
  • Ventilation system installed;
  • Window insulation upgraded;
  • Roof sealing works carried out;
  • Maintained communal and zoned parking for residents.

Competitive environment:
Naujamiestis remains one of the most popular districts for new construction and conversion projects. The recently opened business centres are home to Vinted, Nord Security, Tesonet and other IT technology companies, whose employees are not only from Lithuania. Seeing the demand for rental housing, new apartment buildings are being built in the district (sales prices EUR 2 900/4 750/m2) and old factories and administrative premises are being converted (sales prices EUR 1 850/2 300/m2).

Interest by investment amount:
– From EUR 100 to EUR 199 – 11.50%
– From EUR 200 to EUR 599 – 12.00%
– From EUR 600 to EUR 1 999 – 12.40%
– From EUR 2 000 to EUR 4 999 – 12.80%
– From EUR 5 000 to EUR 14 999 – 13.20%
– From EUR 15 000 to EUR 29 999 13.60%
From EUR 30 000 – 14.00%
Important: investments made separately are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

Vytenio st. 50, Vilnius, Lithuania

About the Profitus

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
What does Profitus offer?

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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.

Profitus alternatives

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!