- Experience with PROFITUS: The project owner has successfully completed the "House on Europos Parko St." project and the first development stage of "Kaributo Namai" through the PROFITUS platform. All repayments to investors were made on time.
- Additional Security: UAB Lorus Construction provides an additional guarantee for the entire loan amount.
- Construction Progress: Significant construction progress has been achieved since the previous financing stage – the building walls have been constructed, windows have been installed in some of the houses, roof installation works are underway, and facade works are being carried out on some of the houses.
Interest Rates Based on Investment Amount:
– From 100 EUR to 349 EUR – 9.00%
– From 350 EUR to 749 EUR – 9.20%
– From 750 EUR to 1 999 EUR – 9.40%
– From 2 000 EUR to 4 999 EUR – 9.60%
– From 5 000 EUR to 9 999 EUR – 9.80%
– From 10 000 EUR – 10.00%
Important: Separate investments are not aggregated or combined.
About the Project:
"Kaributo Namai" is a modern townhouse development located in the Mažieji Gulbinai neighborhood of Vilnius, combining contemporary functionality, energy efficiency, and proximity to nature. The project features A++ energy efficiency class homes with private yards and terraces. The homes will be sold fully finished, allowing future residents to move in without additional interior finishing work.
The entire "Kaributo Namai" development will consist of 90 townhouses. Stages 2 and 3 are currently under development, with 28 houses planned – 14 on each of the two land plots. The total planned area of the houses developed during these stages will reach 2 739,79 m².
Construction Progress:
Since the previous financing stage, construction works have advanced significantly – the building walls have been constructed, windows have been installed in some of the houses, roof installation works are underway, and facade works are being carried out on some of the houses.
According to the project owner's calculations, the projected sales revenue from the 28 houses will amount to 6 566 439 EUR excluding VAT, or approximately 2 397 EUR/m². The loan funds will be used to finance further project development and construction works. The project owner plans to complete and sell all properties developed during these stages by May 2027. Internal refinancing may be arranged if necessary.
Loan Information:
The loan will be repaid from property sales proceeds. Interest payments to investors will be made from the company's operating income or working capital.
Maximum financing amount: 4 000 000 EUR (Already raised 920 800 EUR). The scheduled loan agreement maturity date is 2028-05-24. Funds for the project may be raised in stages, and the duration of this financing stage is 12 months. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will be required, and subsequent project financing stages will only be launched 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 to 30 days if the funds are not fully 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.
