- Experienced Developer: The Project Owner has been active in the real estate development sector for more than 8 years. During this period, approximately 5 residential projects have been completed, with around 1 000 m² of residential space developed.
- Experience with PROFITUS: The Project Owner has successfully financed the projects “Homes in Bališkiai Pine Forest” and “Bee Valley” through the PROFITUS platform. In all projects, obligations towards investors were fulfilled properly and on time.
- Liquidity: Investors' interests are secured by residential real estate located in Bendoriai, Vilnius District – a sought-after suburban area of the capital. The pledged assets have a high completion level: two apartments are fully finished, while the remaining two have reached approximately 85% completion.
Interest rates according to investment amount:
– From EUR 100 to EUR 349 – 8.00%
– From EUR 350 to EUR 749 – 8.20%
– From EUR 750 to EUR 3 499 – 8.40%
– From EUR 3 500 to EUR 11 999 – 8.60%
– From EUR 12 000 – 8.80%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner pledges four residential apartments located on Dvaro St., Bendoriai village, Vilnius District. The total area of the apartments amounts to 523.04 m², together with four associated land plot parts with a total area of 30.04 ares. Currently, two of the four apartments are fully finished, while the remaining two have reached approximately 85% construction completion.
If required, the projected sales revenue of the entire pledged property would amount to EUR 1 116 529, with an average sales price of EUR 2 135/m².
The funds being raised will be allocated to the company’s working capital, which will be directed to the real estate project “Bee Valley”. Additional financing is required for the completion of the project and financing of the remaining works.
Loan Information:
The loan will be repaid from the proceeds generated by the sale of other properties being developed by the Project Owner, while interest payments will be covered from the company’s working capital.
The maximum planned financing amount for the Project is EUR 949 000. The amount may be raised in stages. The Project is financed based on the current valuation of the pledged assets until the established maximum Loan-to-Value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation will be required, and subsequent financing stages will be announced and raised only if the established maximum LTV is not exceeded.
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 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.
