- Experience with PROFITUS: The project owner, in cooperation with PROFITUS, has financed several projects where active sales are currently taking place and loans are being successfully repaid.
- Developer’s experience: The developer has extensive experience accumulated since 2006 in developing residential and commercial real estate, having implemented approximately 6,000 m² of various projects in Vilnius and its surroundings.
- Exclusive location: The property is located in the prestigious Laurai residential area, surrounded by nature and conveniently accessible, making it a highly liquid asset.
Interest rates by investment amount:
– From 100 EUR to 499 EUR – 9.00%
– From 500 EUR to 2 499 EUR – 9.40%
– From 2 500 EUR to 7 499 EUR – 9.80%
– From 7 500 EUR to 24 999 EUR – 10.20%
– From 25 000 EUR to 74 999 EUR – 10.60%
– From 75 000 EUR – 11.00%
Important: separate investments are not cumulative and cannot be combined.
About the Project:
In 2023, the project owner acquired a land plot with a residential apartment building located on Laurų Street, Vilnius. The building was divided into five apartments, each assigned a corresponding portion of the land according to the use agreement. Some apartments are completed with full finishing, others with partial finishing. Two of the five apartments have already been sold, and the remaining three are currently being marketed.
The project owner plans to sign preliminary sale–purchase agreements with buyers once identified, while notarial contracts will be concluded no earlier than May 11, 2026, when the property will no longer be subject to VAT. The total expected sales revenue from the remaining apartments is 1 435 000 EUR (excluding VAT).
At this stage, the funds raised will be used for refinancing the existing PROFITUS loan and working capital.
The project is being developed in the exclusive and prestigious Laurai residential area, located in Antakalnis district, Vilnius, near the Neris River. This is one of the most valuable residential areas in the city, characterized by a peaceful environment, developed infrastructure, and convenient access to all parts of Vilnius.
Loan information:
The loan will be repaid from the property sales proceeds. Interest payments to investors will be covered from own funds.
The maximum planned project financing amount is 1 700 000 EUR. The project is financed according to the current collateral valuation until the set maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is achieved, a new property valuation will be conducted, and further project financing stages will be launched only if the maximum LTV is not exceeded.
The fundraising period is planned to last 7 days, with a possibility to extend up to 30 days if the target amount is not reached.
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.
