- Additional collateral: The company’s shareholder and CEO provide a personal guarantee for the full loan amount.
- Experience with PROFITUS: The project owner, in cooperation with PROFITUS and together with a group of companies, has successfully developed and completed 2 projects (Semi-detached houses on Strazdų St., Vilnius and Kalno Panorama, Vilnius).
- Liquid collateral: Two fully equipped and operating short-term rental apartments in Vilnius city center, on Basanavičiaus Street, are pledged. The properties are located in an attractive and high-demand area, generate income, and have high liquidity.
About the Project:
The project owner plans to develop a residential real estate project in Trakai district, Žukiškės village, Mažoji Miško Street. The project is being developed together with another developer, and the loan funds will be used for the construction of four semi-detached houses. In the part developed by the project owner, 8 apartments are planned with a total saleable area of 967.16 sq. m.
The location is attractive for buyers seeking individual housing outside the city while maintaining convenient access to Vilnius (approximately 20–25 minutes by car). The surrounding area consists of low-rise residential developments, forming consistent demand for this type of housing. The project is therefore oriented toward a stable family segment, which remains active in the Vilnius region and ensures sufficient project liquidity.
The pledged asset consists of apartments in Vilnius city center, on Basanavičiaus Street (“In Astra Apartments”), used for short-term rental. The property is fully equipped, operational, and generates income from accommodation services. The central location ensures stable occupancy and liquidity in the market. The raised funds will be used to repay an existing loan of EUR 38,000 and for the development of real estate in Trakai district.
Loan Information:
The loan will be repaid from property sales proceeds, while interest will be paid from the company’s working capital and shareholder loans.
The maximum planned financing amount is EUR 1,200,000. The amount may be raised in stages. The project will be financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new valuation must be conducted, and further financing stages will only proceed if the maximum LTV is not exceeded.
The target amount is planned to be raised within 7 days, with a possibility to extend up to 30 days if needed.
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.
