- Experience with PROFITUS: The project owner, together with other related companies, has successfully completed three projects in cooperation with the PROFITUS platform (House on Europos Parko St.; Gulbinų Namai; House on Bitininkų St.). All obligations to investors were fulfilled on time.
- Experienced developer: The project owner has been active in the real estate development market since 2014. During this period, the group of companies has developed more than 50 residential projects with a total area of approximately 10,000 m².
- Location potential: The project is being developed in the rapidly growing Mažieji Gulbinai district of Vilnius, where new neighbourhoods of detached houses are actively being developed. The area offers a peaceful residential environment, proximity to nature, and convenient access to the city centre via Molėtų Highway and Žaliųjų Ežerų Street.
Interest rates based on investment amount:
– From EUR 100 to EUR 249 – 8.40%
– From EUR 350 to EUR 999 – 8.60%
– From EUR 1,000 – 8.80%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner is developing a detached residential house construction project at Vaišelgos St. 10, Mažieji Gulbinai district, Vilnius. The designed area of the house is 124.96 m². According to data from the Centre of Registers, the building is currently 26% complete, while the actual construction progress is approximately 70%.
At the current stage of the project, the building walls have been completed, the windows have been installed, the roof has been insulated, the façade works are nearing completion, and the floors have been concreted. Construction is scheduled to be completed by the end of Q4 2026. The project developer plans to sell the residential property fully fitted out, including complete interior finishing and furniture. The planned final sale price is no less than EUR 299,904, or no less than EUR 2,400 per m² (excluding VAT).
The project is being developed in Mažieji Gulbinai, a rapidly expanding area of Vilnius where new neighbourhoods of detached houses are actively being developed. The area offers a quieter residential environment and close proximity to nature, with forests and lakes nearby, while the city centre can be reached via the main transport routes. For these reasons, the area is becoming increasingly attractive to buyers seeking a peaceful residential environment within the city of Vilnius.
The funds raised at this stage will be used to continue the construction works of the project.
Loan Information:
The loan will be repaid from the proceeds from the sale of the mortgaged real estate, while interest will be paid from the company’s working capital.
The maximum planned project financing amount is EUR 200,000 (EUR 60,000 already raised). The overall project loan term is 24 months; however, funds will be raised in stages, and the funds raised at this stage will have a 6-month term. This means that once the term of the current stage expires, funds may be raised again to extend the financing. The project will be financed based on the current valuation of the mortgaged property until the established maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and further stages of project financing will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the required amount within 7 days, with the possibility of extending the fundraising period up to 30 daysif the required amount is 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.
