Back to Profitus offerings
funded
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
Filleo Palanga IV
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.
  • Potential Increased Value: By reserving plots, the client secures their acquisition for the future and gains time to prepare for the completion of the purchase. The developer currently has 6 land plot reservations with a total value of EUR 179 625.
  • Convenient Location: Away from the hustle and bustle of the city center, yet close enough to all amenities. The Baltic Sea is just 3 km away.
  • Experienced Builder: The developer has contributed to the development of "Egles Apartamentai" in Palanga. This demonstrates their knowledge, skills, and ability to handle complex construction projects.
  • Proven Track Record: The project owner has successfully developed over 10 residential real estate projects. This demonstrates their ability to handle large-scale projects and deliver them on time and within budget.
  • Personal Investment and Commitment: The project owner's EUR 264 000 (including VAT) investment of their own funds demonstrates their strong commitment to the project's success.

About the Project Owner:
The project owner has been active in the real estate sector for 6 years. They have developed over 5 000 m2 of real estate projects.

About the Project:
The project owner in Palanga owns 31 plots of land, which they plan to divide into 60 plots of 7.5 ares each. 20 plots will be sold with building permits, with an estimated selling price of EUR 3 500 per are. In the remaining plots, the project owner will develop a 40-house neighborhood in three construction phases (based on reservations and demand). The developer also plans to develop the infrastructure around the neighborhood, and work on a pond has already begun. The planned area of a single house is about 230 m2. Electricity has already been brought to the plots, and building permits are expected to be obtained within a month. The projected sales revenue for the first and second phases of construction will be approximately EUR 1 745 000 including VAT. The loan will be covered from project sales revenue, and interest will be paid to investors from the project owner's operating income.

Project Rating (Project Loss Risk): A-. This rating is consistent with the previous project rating of C+

The maximum amount to be financed: EUR 389 000 (EUR 189 000 already mobilised). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 50% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded

Interest by investment amount:
– From EUR 100 to EUR 249 – 11.00%
– From EUR 250 to EUR 499 – 11.50%
– From EUR 500 to EUR 999 – 12.00%
– From EUR 1 000 to EUR 2 999 – 12.50%
– From EUR 3 000 – 13.00%
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.

Location
Klevu 8-oji st., Palanga, 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
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
N/A
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!