- Solid Experience: The project owner and shareholder have long-standing experience in construction and interior finishing – since 2001, they have developed over 2,500 m² of residential and commercial properties.
- Liquid Assets: The project is being developed in a rapidly urbanizing area of Vilnius, where real estate liquidity remains high due to strong buyer demand and limited supply.
- Clear Project Progress: The main construction work has already been completed: the facade and roof have been renovated, and engineering systems installed. Once the interior finishing, landscaping, and full furnishing are completed, the garden house will be sold.
About the Project:
The project owner acquired a 5.96-are land plot with a 102.51 m² garden house at Kryžiokų sodų 5-oji g. 47, Vilnius, and is actively renovating it with the goal of selling it fully finished. The actual project completion currently stands at about 75% - the facade and roof have been renovated and insulated, water and sewage systems are installed, and interior finishing and landscaping are underway.
The developer has already invested 120,000 EUR of their own funds into the purchase of the land and house, as well as renovation work. The raised funds will be used to complete the works and support the working capital of MB “Tavo pelnas.” The project is expected to be completed within 1 year and sold fully finished. The expected revenue from the sale of the garden house is 229,622 EUR, or EUR 2,240 per m².
Loan Information:
The loan will be repaid from the proceeds of the garden house sale, while investor interest will be returned from an advance payment.
We plan to raise the required amount within 7 days, with the possibility of extension to 30 days if needed.
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.
