- Experienced Project Developer: The project owner's company director has significant experience in real estate development and construction management. He has participated in the implementation of various real estate projects with a total area of approximately 18 000 m².
- Attractive Project Location: The “Floris Domus” residential development is located in Domeikava, Kaunas district – an expanding residential area with convenient access to Kaunas city. Residential real estate with potential for resale is pledged as collateral to protect investors' interests.
- Pre-sales: At an early stage of project development, 10 preliminary apartment purchase and sale agreements have already been signed, representing approximately 27% of all planned residential units in the project.
Interest Rates Based on Investment Amount:
– From 100 EUR to 349 EUR – 9.30%
– From 350 EUR to 749 EUR – 9.50%
– From 750 EUR to 2 499 EUR – 9.75%
– From 2 500 EUR to 7 499 EUR – 10.00%
– From 7 500 EUR – 10.30%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
“Floris Domus” is a residential development located in Domeikava, Kaunas district, where 19 semi-detached residential buildings comprising a total of 38 residential units are planned. The total planned residential area will reach 3 668,76 m². The development will feature modern, single-storey, A++ energy efficiency class homes with private land plots ranging from 4 to 5,6 ares, terraces, and separate yards.
The planned four-room homes are designed to provide comfortable living spaces for families. The project is being developed on Snieguolių, Plukenių, Siauroji, and Klivijų streets. The project is being developed by UAB “Nord Estate”, which has acquired 19 residential land plots. Building permits have already been issued for 18 plots, while one plot does not yet have a building permit.
Construction and property sales are organized in stages to ensure the consistent implementation of the development. The total projected sales revenue of the project is approximately 6,05 million EUR. The estimated construction cost up to partial finishing is approximately 1 100 EUR/m² excluding VAT, while the average planned selling price of the residential units is approximately 1 650 EUR/m² excluding VAT.
The project has already attracted buyer interest, with 10 preliminary apartment purchase and sale agreements signed. Currently, approximately 27% of all planned residential units in the project have been reserved under preliminary agreements.
Further development of the residential complex is planned for 2027. Construction of 10 residential units is planned on Plukenių Street, 8 units on Siauroji Street, and another development stage is planned on Klivijų Street. Construction will be carried out according to the planned schedule, with property sales organized in parallel.
Loan Information:
The loan will be repaid from property sales proceeds, while interest payments will be covered by buyer advance payments and the company's working capital.
Maximum planned project financing amount: 3 600 000 EUR. Please note that the project will also be financed through a second-ranking mortgage. 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 must be carried out, and subsequent financing stages will be launched and funds raised only if the established maximum LTV is not exceeded.
The planned loan term is 36 months. Funds for the project may be raised in stages, and the duration of the current financing stage is 12 months. Upon expiry of this stage, if necessary, continued project financing may be arranged, meaning that funds may be raised through a new financing stage without exceeding the final maturity date of the project loan agreement.
The target amount is planned to be raised within 7 days, with the possibility of extending the fundraising period to 30 days if the target amount is not 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.
