- Experience: The company has experience in managing and renting out various sizes of premises, having completed over 30 residential projects in total. This demonstrates their ability to handle complex projects and meet the needs of a wide range of clients.
- Strong financial foundation: The project owner has already invested EUR 380 000 of their own funds into the acquisition of the premises, demonstrating a strong commitment to the project and its success.
- High expected rental income: 10 lofts are currently rented out, with an expected rental income of EUR 136,010 per year in 2024.
- Diversity and vibrancy: A vibrant atmosphere surrounds the lofts, with a constant flow of events, festivals, and other cultural activities, creating a dynamic and engaging experience.
- The advantage of lofts is the proximity to green spaces: Parks, squares and green spaces give you the opportunity to walk, jog, cycle or just sit on a bench and enjoy the fresh air.
About the Project Owner:
Established in January 2021, the company has quickly gained a foothold in the Vilnius construction sector, with a portfolio of completed projects spanning approximately 1 000 m2 (encompassing around 30 residential properties). Currently, the project owner is leasing out 10 fully developed lofts, with an additional 14 nearing completion and slated to be offered for short-term rental.
About the Project:
The project owner is acquiring 126.15 m2 of premises, which they intend to divide into 8 lofts according to the terms of use. The developer plans to equip the lofts with modern furnishings and appliances and rent them out for short-term rentals. The project is scheduled to start in Q3 2024 and be completed in Q4 2024. The project owner intends to refinance the loan after 12 months to generate sufficient rental income. This loan will be covered by refinancing, and interest will be paid to investors from rental income from other real estate properties.
The maximum amount to be financed: EUR 500 000. The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 75% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.
Interest by investment amount:
– From EUR 100 to EUR 249 – 8.50%
– From EUR 250 to EUR 699 – 9.00%
– From EUR 700 to EUR 1 499 – 9.40%
– From EUR 1 500 to EUR 4 999 – 9.80%
– From EUR 5 000 to EUR 9 999 – 10.20%
– From EUR 10 000 – 10.50%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.
About the Profitus
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.
