- Revenue generation from day one: While awaiting the building permit, the property generates stable monthly rental income.
- Preparation for reconstruction: The project already has an approved detailed plan, the municipality has approved the architectural proposal, and there are no legal disputes or objections from neighbors – this allows for a smooth permitting process and ensures steady project progress.
- Experience with PROFITUS: The project owner, in 2021, financed and successfully completed the residential project “URBO namai” in Nida through the PROFITUS platform, with a total area of 2,500 m². All obligations to investors were fulfilled smoothly – interest was paid on time and the loan was repaid ahead of schedule.
Interest rates based on investment size:
– From 100 EUR to 349 EUR – 8.60%
– From 350 EUR to 749 EUR – 9.00%
– From 750 EUR to 2 999 EUR – 9.50%
– From 3 000 EUR to 9 999 EUR – 10.00%
– From 10 000 EUR to 24 999 EUR – 10.50%
– From 25 000 EUR to 49 999 EUR – 11.00%
– From 50 000 EUR to 99 999 EUR – 11.50%
– From 100 000 EUR – 12.00%
Important: separate investments are not aggregated and cannot be combined.
About the Project:
In 2025, the project owner, in cooperation with the PROFITUS platform, acquired a commercial property located at Kęstučio g. 41A, Žvėrynas. “Kęstučio salos” is an exclusive reconstruction project in one of the most prestigious areas of Vilnius, where a modern residential and commercial complex is planned. A small-scale project (approximately 15–20 apartments and ~15 commercial premises) focused on quality, architectural solutions, and privacy – the existing building will be converted into a residential and commercial complex, retaining underground parking.
Over the past year, the project has made steady progress – key issues related to territory and documentation required for obtaining a building permit have been resolved. Currently, the final formal processes (e.g., signing of servitudes) are underway, and submission of documents for the building permit is planned in the near future. The permit is expected to be obtained in autumn 2026, after which the project will move into the construction phase.
Due to prolonged procedures, a refinancing need has arisen, aimed at providing the project owner with additional time to complete the building permit process and smoothly transition into the construction phase.
After reconstruction, the project plans to develop up to 20 residential units, approximately 15 commercial premises, 34 parking spaces, and 30 storage units. The project targets a higher-quality segment, where value is driven by location, architectural solutions, and the limited supply of similar projects in Žvėrynas.
Until reconstruction begins, the building is not demolished and continues to generate rental income. After conversion, total sales revenue is expected to reach approximately 11.5 million EUR.
Loan information:
The loan will be repaid from property sales after the completion of the residential development. Until sales occur, interest will be paid from income generated by monthly rent. In the event that the building permit for reconstruction is not issued, the project owner will continue covering interest from rental income, and the loan will be refinanced through another credit institution or via the PROFITUS platform.
Maximum project funding amount: 5 000 000 EUR. Please note that the project will also be financed by securing the loan with a second-ranking mortgage. The project is 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 property valuation must be carried out, and further financing stages will only be announced and collected if the established maximum LTV is not exceeded.
The targeted amount is planned to be raised within 7 days, with the 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.
