Kvartalas „Baltai“

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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

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Lithuania

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.

Minimum investment

100 EUR

Advertised return

11,4%

Investors

44,041

Payment options

Direct debit, Bank transfer

Total funding volume

254,260,361 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. Profitus operates with Lemonway, a regulated payment service provider.

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