- Developer’s Experience: The project owner has been active in the real estate market since 2012 and has implemented over 5,000 m² of residential, commercial, and administrative projects. In Lithuania, he has already developed several houses with a total area of about 500 m² of residential property.
- Attractive Location: The project is being developed in the Marvelė district – a calm, green area in the western part of Kaunas, just 3 km from the city center. The surrounding area features well-developed infrastructure and convenient access.
- Clear Project Plan: A preliminary purchase agreement has been signed and an advance payment made. In the coming months, it is planned to install utilities, begin construction works, and develop the house up to partial finishing, with the project sale planned by Q4 2026.
About the Project:
The project owner intends to acquire a 0.0600 ha land plot located at Marvelės St. 41A, Kaunas. A residential house with a total area of about 300 m² is planned to be built on the acquired plot.
Marvelė is a peaceful and green residential district in the western part of Kaunas, located along the left bank of the Nemunas River. Marvelės Street, where the plot is located, is approximately 3 km from the city center.
The plot currently belongs to a private individual. The project owner plans to obtain the building permit within 5 months after acquisition and then start construction works. During this period, it is planned to install utilities (water, sewage) and build reinforced concrete retaining walls. A preliminary purchase agreement has already been signed and an advance payment made.
The project owner plans to develop the house up to partial finishing and sell it by Q4 2026.
Loan Information:
The loan will be repaid from the project sales revenue, which is expected to reach EUR 675 000 (excluding VAT). Interest will be paid from advance payments or company operating income.
The maximum planned project financing amount is EUR 290,000. The project will be financed according to the current appraised value of the pledged property until the set maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is achieved, a new property valuation will be performed, and further financing stages will be announced only if the maximum LTV ratio is not exceeded.
The fundraising period is planned to be 7 days, with the possibility to extend up to 30 days if the full amount is 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.
