- Extensive experience and professionalism: The project owner has successfully completed over 10 residential projects. This wide range of projects demonstrates the project owner's extensive experience and professionalism in the real estate sector.
- The project owner has invested approximately 32% of their own funds into the project development (about EUR 187,960), clearly demonstrating their strong commitment and confidence in the project's success.
- Guarantee: The company director provides a guarantee for the entire loan amount.
- High liquidity: Due to its attractive location and the growing Kaunas real estate market, this property boasts high liquidity.
Interest by investment amount:
– From 100 EUR to 299 EUR – 8.40%
– From 300 EUR to 749 EUR – 8.90%
– From 750 EUR to 3 499 EUR – 9.40%
– From 3 500 EUR to 11 999 EUR – 9.90%
– From 12 000 EUR – 10.40%
Important: investments made separately are not aggregated and cannot be pooled.
About the project whose loan is being refinanced:
In 2021, the project owner acquired a manufacturing building and converted it into 56 lofts with areas ranging from 30 to 60 m². The project owner designed functional spaces and rooms, custom-made furniture suitable for lofts, and selected and installed household appliances and equipment necessary for comfortable living. A total of 26 lofts remain in the project. Since February 2023, the remaining lofts have been rented out, generating a rental income stream of EUR 600 per month per loft. The planned sales revenue for one loft is EUR 100 000.
Loan Information:
This loan will be covered by the proceeds from the sale of the mortgaged or other property. Interest payments to investors will be made from rental income.
The maximum financed amount: EUR 500 000. The project is financed based on the current valuation of the collateralized property until it reaches the specified maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be performed, and further project financing stages will be announced and collected only if the specified maximum LTV is not exceeded.
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.
