- Experienced Developer: The Project Owner has more than 30 years of experience in residential real estate development and has already successfully completed a 12-house residential project in the same location. Therefore, the new project is being developed based on extensive experience and established infrastructure.
- Attractive Coastal Location: The project is being developed in a strategically convenient location between Klaipėda and Palanga, close to the Baltic Sea. The attractiveness of the area is enhanced by a nearby international-standard golf complex, an equestrian centre, and other recreational infrastructure.
- Growing Demand: The rapidly developing coastal region is experiencing increasing demand for individual residential houses, while the supply of new residential developments remains limited, creating favourable conditions for the successful implementation and sale of the project.
- Additional security: The company's shareholder and managing director also provides a personal guarantee for the full loan amount.
Interest rates based on investment amount:
– From EUR 100 to EUR 299 – 9.30%
– From EUR 300 to EUR 699 – 9.50%
– From EUR 700 to EUR 1 999 – 9.80%
– From EUR 2 000 to EUR 6 999 – 10.20%
– From EUR 7 000 – 10.60%
Important: Individual investments are not cumulative and cannot be combined.
About the Project:
The project owner is seeking financing for working capital to support the development of a residential quarter consisting of five individual houses at Vėjų Rožės g. 10, Bendikų village, Kretingalė eldership, Klaipėda district municipality. The project will consist of one 140 m² and four 120 m² individual residential houses.
The estimated total sales value of the completed project is approximately EUR 1 300 000 excluding VAT.
The project is being developed by an experienced real estate developer who has already successfully completed a similar residential quarter comprising 12 individual houses in the same location. The current project is located in a strategically attractive area between Klaipėda and Palanga, where demand for individual residential housing continues to grow.
To protect investors' interests, the loan will be secured not only by a mortgage over the development land plot but also by additional real estate collateral—a fully completed residential house with an auxiliary building and a land plot located at Cypos g. 4, Zeigių village, Kretingalė eldership, Klaipėda district municipality.
Loan information:
The loan is expected to be repaid from the proceeds generated by the sale of the completed residential houses or through refinancing with another credit institution. Interest payments will be made from the company's operating income or advance payments.
The maximum planned financing amount for the project, secured by first-ranking and second-ranking mortgages, is EUR 530 000. The total project loan term is 24 months; however, financing will be raised in stages, and this stage is being offered with a 12-month term. The project is financed based on the current valuation of the pledged assets 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. Subsequent financing stages will be launched and funds raised only if the established maximum LTV ratio is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising 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.
