- Potential of the City of Liepāja: Liepāja is a strategically attractive city with a recovering real estate market, growing residential housing demand and increasing investor activity, creating favorable conditions for property value growth and realization.
- Experienced Developer: The project owner has long-term experience in real estate development and construction and has successfully completed projects in Liepāja with a total area of approximately 10 400 m², including Uliha iela 11 (~8 000 m²), Jaunā iela 10 (~1 500 m²), Strautu iela 6 (~500 m²) and Alejas iela 10 (~400 m²).
- Rental Income Generation: The property currently generates approximately 900 EUR of net rental income per month (10 800 EUR per year excluding VAT). Only a small part of the premises is currently leased, therefore there is potential to increase income. Negotiations are also ongoing with a potential buyer – the property is currently offered for sale at 265 000 EUR.
Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 8.80%
– From 300 EUR to 699 EUR – 9.00%
– From 700 EUR to 2 499 EUR – 9.20%
– From 2 500 EUR to 6 999 EUR – 9.40%
– From 7 000 EUR – 9.60%
Important: separate investments are not accumulated and cannot be combined.
About the Project:
The project owner is engaged in real estate development activities focused on the renovation of older buildings, reconstruction of premises, subdivision into smaller units and installation of residential apartments. The developer has experience in implementing so-called “flipping” projects – acquiring lower-value properties, renovating them and creating additional value through rental or sale.
The premises within the mortgaged property are currently leased and the project owner generates approximately 900 EUR of net rental income per month. Annual rental income amounts to approximately 10 800 EUR excluding VAT. Negotiations are also ongoing with a potential buyer – the property is currently offered for sale at 265 000 EUR.
By mortgaging the real estate located at Grīzupes iela 15, Liepāja, the borrower seeks to attract additional working capital that will be used for financing and further development of a new real estate project at Kalpaka 68/70, Liepāja. Part of the raised funds will also be used to refinance an existing loan with another financial institution.
The project is being developed in Liepāja – one of the fastest-growing cities in the western region of Latvia. The city features developed infrastructure, a strategically important port, a growing tourism sector and stable demand for both residential and commercial real estate. The property is located in a convenient part of the city, ensuring good access to major transport routes and everyday services.
Loan Information:
The loan will be repaid from proceeds generated from the sale of the property or through refinancing with another credit institution. Interest payments will be covered from the company’s operating income and/or proceeds from property sales.
Maximum planned project financing amount: 177 000 EUR. The project will also be financed by securing the loan with a secondary mortgage pledge.
We plan to raise the target amount within 7 days, with the possibility to extend 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.
