- Construction progress: The project is at the final stage of completion. According to the updated but not yet registered cadastral measurements dated 2026-01-14, the actual level of construction completion ranges from 79% to 97%. For all houses, three-storey structural works are completed, roofs are installed, and facades are fully finished.
- Smooth sales launch: The project is actively advertised on real estate sales portals. One house has already been sold under a preliminary purchase–sale agreement (Kaributo St. 46B). Additionally, 3–4 verbal reservations have been recorded.
- Liquidity: The project is being developed in Vilnius city, in the segment of terraced residential houses, which is characterized by stable demand.
About the Project: The project owner in Vilnius city has acquired a land plot and is developing a residential project consisting of 15 terraced houses with a total area of 1,369.87 m². All houses will be fully fitted out and intended for sale to end buyers. According to the project owner’s calculations, the total planned sales revenue will amount to EUR 3,315,703 excluding VAT. The project implementation is currently at an advanced stage.
According to the updated but not yet registered cadastral measurements dated 2026-01-14, the actual completion of the terraced houses ranges from 79% to 97%. The Real Estate Register currently records a completion level of 21%. Water supply and electricity connections have been brought to the property.
Approximately EUR 2,091,601 has already been invested in the project since the start of construction (including land acquisition).
Funds raised at this stage will be used to continue real estate development works. The project owner plans to complete and sell the entire project by April 2026.
Loan information: The loan will be repaid from property sales proceeds, while interest to investors will be paid from the company’s operating cash flows and advance payments.
Maximum financing amount: EUR 2,000,000 (EUR 1,605,000 already raised). The project is financed based on the current value of the pledged property until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation will be required, and further financing stages will be announced and raised only if the established maximum LTV is not exceeded.
The planned project term is 3 months, but no later than 2026-04-27.
The target amount is planned to be raised within 7 days, with a 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.
