- Project implementation progress: Four out of five semi-detached houses under development have already reached 85% registered construction completion, while construction works on the fifth semi-detached house have commenced.
- Developer’s experience: The Project Owner’s group of companies has nearly 19 years of experience in real estate development and has completed projects with a total development area exceeding 7 000 m².
- Additional security: Additional guarantees for the entire loan amount are provided by the company’s manager and UAB "NTX Projektai".
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.50%
– From 350 EUR to 749 EUR – 8.70%
– From 750 EUR to 2 999 EUR – 8.90%
– From 3 000 EUR – 9.20%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner is developing the “Harmony Homes” residential project on Kazio Bizausko Street in Pavilnys, Vilnius. The project comprises a residential quarter of 10 units developed on five separate land plots, where five semi-detached residential houses are planned. The project is being implemented in stages. The homes are designed with separate entrances, private terraces and yards and are planned to achieve an A++ energy efficiency rating.
Since the previous financing stage, construction and sales activities have continued. Semi-detached residential houses, each comprising 2 units, are registered on the land plots at K. Bizausko St. 102, 104, 106 and 108, Vilnius, with a registered construction completion level of 85%. One unit, located at K. Bizausko St. 108-2, has already been sold, while preliminary purchase and sale agreements have been signed for two additional units.
At K. Bizausko St. 100, Vilnius, only the land plot is currently registered in the Real Estate Register. A construction permit (SLD) has been issued for this plot, and construction works have already commenced.
A dedicated website has been created for the project, www.harmonyhomes.lt, presenting the project concept, architectural solutions and the planned offering for buyers.
Upon completion of the project, total project revenue is projected to amount to approximately 2 531 255 EUR.
Loan information:
The loan will be repaid from apartment sales proceeds, while interest payments to investors will be covered from advance payments or the company’s working capital.
The funds raised during this stage will be used for the continued financing of the project, providing the Project Owner with additional time to complete the sales process. The Project loan agreement is valid until 2027-09-15. Funds for the Project may be raised in stages, and the duration of this financing stage is 12 months.
Maximum financing amount: 1 900 000 EUR (1 257 115.25 EUR has already been raised with the loan secured by a first-ranking mortgage and 297 206.03 EUR has been raised with the loan secured by a second-ranking mortgage.). The Project is financed based on the current valuation of the mortgaged 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 further Project financing stages will be announced and funds raised only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the target amount is not reached.
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.
