- Solid real estate development experience: The company owner has more than 10 years of experience in the real estate market, ensuring reliability and professionalism.
- Liquidity and location: The collateral is a liquid property in Vilnius, located in a rapidly developing area, just ~12 km from the city center, which ensures faster asset realization.
- Guaranty: The company owner and an individual provide a guarantee for the entire loan amount.
About the project:
The company owner is engaged in real estate purchase, renovation, and sales activities in Vilnius. With over 10 years of experience in real estate development, he aims to complete 20 real estate transactions during the loan term to ensure rapid capital turnover and profitable sales. The loan funds will be used for real estate purchases, and the quick sale of assets (within 3–6 months) will ensure liquidity and profit. The collateral is the shareholder’s residential house in Vilnius, valued at 306,000 EUR (excluding VAT).
Loan information:
The loan and interest will be repaid from the real estate purchase-sale profit. About 20 transactions are planned during the loan term.
The maximum financing amount is 214,000 EUR. The project is financed based on the current appraisal of the pledged property until the specified maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and further project financing stages will only be launched if the specified maximum LTV is not exceeded.
The targeted amount is planned to be raised within 7 days, with the possibility of an extension up to 30 days if the funds are not 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.
