- Experience with PROFITUS: The project owner has successfully completed the “Namas Europos parko St.” project as well as the first stage development of the “Kaributo Namai” project through the PROFITUS platform. All obligations to investors were fulfilled on time.
- Additional collateral: An additional corporate guarantee for the full loan amount is provided by UAB Lorus Construction.
- Clear development plan: The project is planned to be fully completed and sold within 12 months (by May 2027), while the first preliminary sale-purchase agreements are expected to be signed by October of this year.
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 7.20%
– From 350 EUR to 749 EUR – 7.50%
– From 750 EUR to 2 999 EUR – 7.80%
– From 3 000 EUR to 9 999 EUR – 8.20%
– From 10 000 EUR – 8.60%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner has acquired two land plots with issued building permits in the Mažieji Gulbinai quarter, Verkiai eldership, Vilnius city, and plans to continue the development of Stages 2 and 3 of the “Kaributo Namai” project. These stages include the construction of 28 semi-detached residential houses – 14 units on each plot. Construction works have already commenced; however, the buildings are not yet registered in the Real Estate Register.
The entire project will consist of 90 semi-detached residential houses. The total planned area of the 28 houses developed during this stage will reach 2 739,79 m². All houses are planned with full interior finishing and will be intended for sale to end buyers. According to the project owner’s calculations, the planned sales revenue amounts to 6 566 439 EUR excluding VAT, or approximately 2 397 EUR/m².
The loan funds will be used for further project development and financing of construction works. The project owner plans to sign the first preliminary sale-purchase agreements by October of this year. The entire stage is planned to be fully completed and sold within 12 months – by May 2027. If required, internal refinancing is planned after 12 months.
The project is being developed in a strategically attractive location – the Mažieji Gulbinai quarter near Gulbinas lake. The surrounding area is dominated by low-rise residential buildings. According to the Vilnius city master plan, further social and commercial infrastructure development is planned in the area, including a school, kindergarten, and retail facilities. The distance to Vilnius city center is approximately 13 km.
Considering the characteristics of the location, the developing infrastructure, and convenient access to the city center, the property is considered attractive both for investment purposes and for end residential buyers. The estimated sales period for the fully developed property is up to 9 months.
Loan information:
The loan will be repaid from proceeds received from property sales. Interest to investors will be paid from the company’s operating income or working capital.
Maximum financed amount: 4 000 000 EUR. The project is financed based on the current valuation of the pledged property until the maximum allowed loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be performed, and further financing stages of the Project will only be announced and funded if the established maximum LTV is not exceeded.
The funding target is planned to be raised within 7 days, with the possibility to extend the funding period up to 30 days if the target amount is 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.
