- Start of construction: Building permits have already been issued for the remaining 5 plots, allowing the project to proceed without any additional permitting stage. Construction work has already started on one of the plots, with approximately 10% of the planned works completed.
- Promising location: The project is being developed on Našlaičių St., in Vilkeliškės, near Pilaitė and Gilužis Lake. Convenient access to the city and proximity to nature increase the attractiveness of the location for residential purposes, contributing to the liquidity of the developed property.
- Active interest: The first 4 residential units have already been built and sold, demonstrating buyer interest in the project.
Interest rates by investment amount:
– From EUR 100 to EUR 299 – 8.80%
– From EUR 300 to EUR 699 – 9.00%
– From EUR 700 to EUR 1 999 – 9.20%
– From EUR 2 000 to EUR 4 999 – 9.40%
– From EUR 5 000 – 9.60%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
“Gelužės kalvos” is a development of semi-detached residential houses located in Vilnius District, Vilkeliškės village, Našlaičių St. The entire project consists of 6 plots where semi-detached residential houses are being developed. Each semi-detached house will contain two apartments of 99.54 m² each. The residential units in two semi-detached houses have already been sold, while the Project Owner owns the remaining 5 plots.
Design work for all remaining plots has been completed and building permits have been obtained. Construction of a semi-detached house has already started on one of the plots, with the current level of completion at approximately 10%. Water supply and wastewater infrastructure has already been installed within the project area and connected to the municipal networks.
The remaining stage of the project involves the construction of 10 semi-detached houses – a total of 20 apartments with a combined area of 1 990.8 m². The planned construction cost is approximately EUR 1 220/m², while the planned selling price is approximately EUR 1 760/m² excluding VAT. Planned sales revenue amounts to approximately EUR 3.5 million.
The project is being developed in Vilnius District, near the Pilaitė district and Gelūžė Lake. Proximity to Vilnius, the developed infrastructure of Pilaitė, and nearby recreational areas increase the attractiveness of the location for residential purposes. The location is relevant to buyers seeking their own home in a quieter environment surrounded by nature while maintaining convenient access to the city, which contributes to the sales potential of the project's residential units.
Loan Information:
The loan will be repaid from the proceeds generated by the sale of the pledged and developed property, while interest will be paid from advance payments or the company's working capital. Please note that interest for investors will start accruing from August 26, 2026.
The maximum financing amount for the project is EUR 2 400 000. The project loan term is 36 months; however, funds will be raised in stages, with funds in this stage being raised for a term of 12 months. This means that once the stage term expires, funds may be raised again to extend the financing. The project will be 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 ratio is reached, subsequent LTV calculations will be based on construction progress certificates approved by an architect, together with up-to-date external property valuations.
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 fully 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.
