- Attractive location: The Project is being developed in a strategically convenient location in Kaunas, next to the Nemunas River and Panemunė Forest Park, with quick access to the city centre, in an area dominated by newly built residential homes.
- Developer's experience: The Project Owner has many years of experience in real estate development, having completed 8 projects. This experience enables the professional planning and execution of construction works, from documentation to the sale of the completed property.
- Construction progress: The main structural works have already been completed – the old buildings have been demolished, the foundations have been poured, the walls have been built, and the roof and windows have been installed. According to the Project Owner, approximately 111 000 EUR of own funds has been invested in the Project to date.
Interest rates by investment amount:
– From 100 EUR to 349 EUR – 8.60%
– From 350 EUR to 749 EUR – 8.80%
– From 750 EUR to 2 999 EUR – 9.00%
– From 3 000 EUR – 9.20%
Important: Individual investments are not aggregated and cannot be combined.
About the Project:
The Project Owner is developing an approximately 132 m² detached residential house on a 0.0780 ha land plot located at Taurakiemio St. 2A, Kaunas.
Following the issuance of the building permit, the existing structures on the plot were demolished and significant construction progress has been achieved – the foundations have been poured, the walls have been built, and the roof and windows have been installed. According to the Project Owner, approximately 111 000 EUR of own funds has been invested in the Project to date. The property is planned to be completed to 100% completion, with full interior finishing and landscaping, and then sold. The planned sale price is approximately 550 000 EUR excluding VAT (approximately 4 167 EUR/m²).
The Project is being developed in a strategically convenient location in Kaunas, next to the Nemunas River and Panemunė Forest Park, close to the city centre. This is a rapidly developing area dominated by newly built premium-class residential homes.
At this financing stage, the funds raised will be used to refinance the previous PROFITUS loan, providing the Project Owner with additional time to complete the Project and sell the property.
Loan information:
The loan will be repaid from the proceeds of the house sale, while interest to investors will be paid from the company's other income.
The maximum planned Project financing amount is 324 500 EUR. The Project is financed based on the current valuation of the pledged property until the maximum permitted 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 funded 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 funding 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.
