- Liquidity: The loan is secured by a 100% completed, fully finished residential house in Palanga – one of the most liquid resort areas in Lithuania. The property requires no additional investment and features an attractive location close to the sea, which increases its marketability.
- Financially stable company: The company operates profitably, generates stable revenue, and maintains the ability to meet its financial obligations, ensuring positive liquidity.
- Experienced developer: The project owner has been operating in the real estate development sector since 2010 and has completed 8 residential projects with a total area of approximately 3 200 m².
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.00%
– From 350 EUR to 749 EUR – 8.30%
– From 750 EUR to 2 499 EUR – 8.60%
– From 2 500 EUR to 7 499 EUR – 8.90%
– From 7 500 EUR – 9.20%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The project owner seeks to raise working capital by pledging a residential house owned by him in Palanga (Vilimiškės kel. 125 / Hipodromo g. 3). The property is 100% completed, fully finished, and suitable for living without additional investment. The property is located in the city of Palanga – one of the most liquid resort markets in Lithuania. The distance to the sea is approximately 1.2 km, allowing easy access on foot, which contributes to the property’s liquidity and market value.
The raised funds will be used for the development of the company’s ongoing real estate projects.One of the projects under development is a residential housing project on Lygioji Street in Palanga.
The company is developing several real estate projects and has been operating in the market since 2010. During this period, it has developed 8 residential projects with a total area of approximately 3 200 m². The business is profitable, generates stable revenue, and financial indicators demonstrate the ability to meet financial obligations. Although rising construction costs have affected profitability in recent periods, the company maintains positive operating results and continues to expand its operations.
Additionally, part of the raised funds (80 000 EUR) will be used to refinance an existing PROFITUS loan.
Loan information:
Interest payments are expected to be made from the company’s working capital or proceeds from sold development projects. The loan will be repaid from the sales revenues of currently developed projects.
Maximum project financing amount: 330 000 EUR.
The target amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if the funds are 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.
