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We present a new financing project - "Lauru kvartalas". The amount raised will be used for real estate development. The amount tobe raised is EUR 150 000. This loan will be covered by the proceeds from the sale of the property.

The aim of the project:
The project owner is developing a 1 300 square meter residential block at Lauru st., Kaunas District. There are currently 9 two-apartment buildings in the project. All 18 apartments have already been sold, preliminary sales agreements for 16 apartments have been signed, and 2 notarial contracts. The average selling price of a two-apartment apartment with partial finishing is EUR 70 000. Revenue from the sale of all apartments will amount to EUR 1 260 000. With the funds the project owner will complete the construction work.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 3 residential houses with a total area of 196.58 square meters, with the parts of the plot belonging to them (9.35 ares) are pledged at Lauru st. 5, 9, 11, Uzliedziu village, Kaunas district. According to an independent real estate appraiser, the value of the mortgaged property is EUR 222 000.

Interest by investment amount:
- From 100 EUR to 999 EUR – 9%
- From 1 000 EUR to 4 999 EUR – 9,5%
- From 5 000 EUR – 10%
Important: investments made separately 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.

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.

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