Back to Profitus offerings
CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
Phase I of staged financing project “Baltai”. The funds raised at this stage will be used to cover part of the purchase price of the plots and to start the construction of the first houses in the project. The Baltai quarter is a unique residential quarter. Much attention is paid to architectural elements that tastefully use Baltic symbols. Modern architecture has been chosen due to rational construction solutions to expand the possibilities of the house by installing terraces on the roofs, adapting the roofs for cars to garages. Technologies used in construction and the living environment are compatible with ecology, allow efficient use of energy resources and protect nature. The project developer is buying land plots in Vilnius, Fabriko str. and Pilialaukio St., where a quarter of 45 (67 apartments in total) residential houses will be developed, a total of about 5,000 sq. m. During the first 6 months of this year, it is planned to build 25 houses with partial finishing and then start the construction of the remaining houses. It is planned to sell one house / apartment with partial finishing from 1050 euros per square meter, and with full finishing from 1250 euros per square meter. The planned sales revenue of the whole project is 5.3 million euros. To protect the interests of investors, 4.5516 ha of land pledged at Fabriko str. 25; 25A; 25B; 25C; 25D; 25E; 25F; 25G; 27; 27A; 27B; 27C; 27D; 27E; 27F; 27G; 29; 29A; 29B; 29C; 29D; 29E; 29F; 29G; 31; 31A; 31B; 31C; 31D; 31E; 31F; 31G Vilnius. Pilialaukio st. 51; 53; 55; 57; 59; 61; 63; 65 Vilnius. Investors at all stages will be pledged the property with a primary mortgage. Maximum planned amount of Project financing: EUR 3,500,000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Maximum loan-to-value ratio (LTV) 70%. Interest by investment amount: - From EUR 100 to EUR 999 - 8,5% - From EUR 1 000 to EUR 19 999 - 9,5% - From EUR 20 000 to 10,5% Important: individual investments are not aggregated. We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds. Visualizations of the project and photos of the previous construction phase are also provided.

About the Profitus

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
N/A
What does Profitus offer?

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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.

Profitus alternatives

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!