- Own Contribution: The developer has already invested EUR 132,232 of their own funds into the purchase of the land, documentation, and foundation installation.
- Construction Progress: Currently, intensive work is underway on the residential building, which has reached 80% completion. Only the final stages remain – interior finishing, completion of engineering systems, and landscaping. The creative workshops are already finished and are being sold with full finishing. The developer is putting in all efforts to complete the project on time and meet both financial and quality expectations.
- Guarantee: The guarantee for the entire loan amount is provided not only by the company’s director but also by an individual, providing additional assurance that loan repayment will be prioritized and have further guarantees.
Interest by investment amount:
– From 100 EUR to 349 EUR – 9.20%
– From 350 EUR to 749 EUR – 9.50%
– From 750 EUR to 3 499 EUR – 9.80%
– From 3 500 EUR – 10.20%
Important: investments made separately are not aggregated and cannot be pooled.
About the Project:
The project owner is currently developing the construction of two separate houses in Vilnius. The project was planned to build a residential house (154.23 m²), creative workshops (88.89 m²), and a sauna (38 m²). The creative workshops are currently completed and being sold with full finishing. The selling price of the creative workshops is 271,900 EUR excluding VAT. After finishing the residential house, the developer plans to sell it with full finishing for 475,206 EUR excluding VAT. The total projected sales revenue of the project is about 747,106 EUR excluding VAT.
At this stage, the funds raised will be allocated by the developer for completing construction and finishing works. The funds will also be used to purchase furniture and household appliances to complete the project and ensure high service quality and the final product.
Loan Information:
This loan will be repaid from the proceeds of the property sale, and interest will be paid from other real estate sale revenues, future advances, and the project owner’s business income.
Maximum Funded Amount: 460,000 EUR (343,900 EUR has already been raised). The project is financed based on the current appraisal of the pledged property until the set maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property appraisal must be conducted, and future project funding stages will only be announced and raised if the maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility to extend it to 30 days if the funds are not collected.
About the Profitus
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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
