- Experienced team: The project is being developed by a team with more than 10 years of experience in real estate development, construction management, and project implementation. During this period, the shareholders have successfully completed more than 25 projects of various types, with a total area exceeding 300,000 m².
- Liquidity: The project is being developed in Kaunas District, an area where demand for detached and semi-detached houses remains stable. The optimally sized homes (61–97 m²) are targeted at a broad range of buyers. Development is carried out in stages, starting with a smaller scope, which helps balance supply and ensures predictable sales within 6–12 months.
- Financial capacity: The financed company operates profitably, has accumulated significant equity, and has no financial debt. Previous projects have been profitable, therefore the company’s financial position is considered stable.
Interest rates based on the investment amount:
– From EUR 100 to EUR 349 – 8.30%
– From EUR 350 to EUR 749 – 8.50%
– From EUR 750 to EUR 2,499 – 8.75%
– From EUR 2,500 to EUR 7,499 – 9.00%
– From EUR 7,500 – 9.30%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
“Jovarų alėja” is a modern residential development located in Vijūkai village, Kaunas District, designed to provide comfortable, functional, and economical living close to the city. The project consists of 23 land plots, where a low-density neighbourhood of detached and semi-detached houses is being developed, suitable both for young families and those looking for a practical housing solution surrounded by nature.
The development is being implemented in stages. The first stage includes the construction of 14 residential buildings on Jovarų Street (plots No. 3–20), offering different types of housing:
- 5 semi-detached houses (10 units) of approximately 61 m² each;
- 4 semi-detached houses (8 units) of approximately 80 m² each;
- 5 detached houses of approximately 95–97 m² each.
The total construction area amounts to 1,734.61 m², while the planned sales revenue for the entire first stage is EUR 3,153,521 (approximately EUR 1,818/m² excluding VAT).
Since the previous financing stage, construction has progressed significantly: masonry works have been completed, roofs have been installed, and windows have been fitted. Façade works have also been completed on five houses. Sales are progressing alongside construction – 9 preliminary purchase and sale agreements (PPAs) for residential units have already been signed.
The second stage, covering the remaining plots (No. 1, 2, 22, 24, 26, 28), will only be developed after the successful sale of the first stage. Although this stage is not financed by this loan, it is included as additional collateral.
The project is being developed in an attractive location on the north-western outskirts of Kaunas, where low-rise residential development predominates. The area offers:
- convenient access to Kaunas city;developed infrastructure;
- access to public transport;
- a peaceful and attractive residential environment.
The funds raised will be used to continue the real estate development works.
Loan information:
The loan will be repaid from proceeds generated by property sales. Interest payments are expected to be covered by advance payments received or the company’s working capital.
Maximum project financing amount: EUR 1,500,000 (EUR 575,300 already raised). The project loan agreement is scheduled to mature on 2028-03-30. Funds for the project may be raised in stages, and in this financing stage they are being raised for a period of 12 months. The project is financed based on the current valuation of the pledged 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 financing stages of the Project will only be announced and funded if the established maximum LTV 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 full 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.
