- Experienced team: The project owner has significant experience in the development of residential and commercial real estate projects, while project coordination is carried out by a team with more than 10 years of experience, whose completed project volume exceeds 130,000 m².
- High readiness: The project already has construction permits, prepared technical designs, and the developer has started construction preparation works and contractor selection using its own funds, ensuring a smooth project implementation process.
- Demanded segment: The project is oriented towards young families – one of the most active and stable demand segments in the real estate market, while the attractive location and planned marketing strategy increase sales potential.
Interest rates depending on investment amount:
– From 100 EUR to 349 EUR – 8.40%
– From 350 EUR to 749 EUR – 8.70%
– From 750 EUR to 2 499 EUR – 9.00%
– From 2 500 EUR to 7 499 EUR – 9.30%
– From 7 500 EUR – 9.60%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The project owner has acquired nine residential land plots in Papiškės village (Zujūnai eldership), where it plans to develop a residential housing project “LIV18”. The project includes the construction of 9 semi-detached residential houses (a total of 18 units), each with an area of approximately 130.08 m². Plot sizes range from 10 to 12.60 ares. All units are planned to be sold with partial finishing, while the infrastructure and environment of the the development will be fully completed. The project is oriented towards a higher-than-average class segment – modern architecture buildings with floor-to-ceiling windows, facade finishes of clinker tiles and decorative plaster are planned. Common leisure spaces are designed within the territory: children’s playgrounds, outdoor fitness equipment, and relaxation areas.
The project is being developed in an attractive location – in Papiškės, Vilnius district – a quiet, nature-surrounded area, from which Vilnius city center can be reached in ~20 minutes. Kindergartens, schools, and shopping locations are approximately 4 km away. The area is surrounded by green zones that will not be built up, and the distance to an asphalt road is about 1.5 km. The plots are fully prepared for construction – formed, main earthworks completed, construction permits obtained, and all technical designs prepared (architectural, structural, and engineering). The project will meet A++ energy efficiency class, ensuring low operating costs and higher attractiveness for buyers. The planned average sale price is about 1,983 Eur/m² excluding VAT.
Project development is already advanced – the client has invested its own funds, all design solutions have been prepared, and contractor selection is ongoing. The client group has significant experience in real estate development, and the project is coordinated by partners experienced in finance and construction. The investment value of the project is increased by its attractive location, focus on a demanded segment (young families), and a planned marketing and sales strategy.
Loan information:
The loan will be repaid from sales revenue. Interest will be paid from the company’s working capital and/or rental income.
Maximum loan amount: 3 900 000 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. Upon reaching the maximum LTV, a new asset valuation must be performed, and further financing stages of the Project will be announced and carried out only if the set maximum LTV is not exceeded.
We plan to raise the target amount 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.
