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.

We present a new funding project Loftai Savanoriuose". The raised funds will be used for the refinancing of existing loan and the development of the real estate project. The amount to be raised is EUR 200 900.

About the project owner:
The project owner has experience in real estate development. Implemented 7 different construction projects with a total area of 6 400 square meters. The developer is financing 7 projects on the Profitus platform („LOFT206", „Basanaviciaus patalpos", „Elniu namas  Viciunuose", „Butas Sodu G66-33", „Butas Vaidoto G192A-2", „Paslaugu patalpos Basanaviciaus al.",„Butas Vaidoto G192E–2"). Investors are paid interest on time. He has already returned part of the funds in „LOFT206" and „Basanaviciaus patalpos".

About the project whose loan is being refinanced:
The owner of the project purchased a production building, which he reconstructed into 56 lofts, each 30–38 square meters. Currently, 32 lofts have already been sold. Of the remaining lofts, 6 more are planned to be sold, and the remaining 18 lofts are to be rented. The expected sales income will reach EUR 591 600, and the monthly rental income of one loft will reach EUR 450–500.

About the developing project:
The owner of the project is developing eight semi–detached and two single-family houses on nine plots of land. Currently, the 6th semi-detached house is being developed in the project. It is planned to develop all the remaining houses by the new year. Four houses are already reserved. Estimated income from the sale of all houses EUR 2 993 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, 4 creative workshops (lofts) with a total area of 127.44 square meters are pledged at Savanoriu Avenue, Kaunas. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 287 000.

Interest by investment amount:
- From EUR 100 to EUR 2 499 – 9%
- From EUR 2 500 to EUR 6 999 – 9.5%
- From EUR 7 000 to EUR 14 999 – 10%
- From EUR 15 000 – 10.5%
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.

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!