- Stable income: All units are 100% completed and generate monthly rental income of EUR 500/month for each loft.
- High liquidity: Due to its strategic location and the rapidly growing Kaunas real estate market, this property offers high liquidity, ensuring greater potential for a faster asset sale.
- Developer's experience: The Project owner has 27 years of experience in the real estate sector and has consistently implemented various projects, demonstrating a high level of professionalism and extensive market expertise.
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.40%
– From 350 EUR to 749 EUR – 8.70%
– From 750 EUR to 2 999 EUR – 9.00%
– From 3 000 EUR to 9 999 EUR – 9.30%
– From 10 000 EUR – 9.60%
Important: Individual investments are not cumulative and cannot be combined.
About the Project:
In 2021, the Project owner acquired an industrial building, which was carefully reconstructed into 56 modern loftsranging in size from 30 to 38 m². To date, 30 lofts have already been successfully sold, while the remaining 26 loftsgenerate stable and recurring long-term rental income. During the reconstruction, the highest quality and design standards were applied, making these lofts attractive to both residents and investors while ensuring a solid and profitable investment.
The lofts are currently leased and generate monthly rental income of EUR 500/month for each loft. At this stage, the funds raised will be used to refinance the existing PROFITUS loan, in line with the financing plan.
Loan information:
The loan will be repaid from the proceeds of the sale of the existing property or through refinancing, while interest to investors will be paid from the rental income generated by the lofts, other rental properties, and the company's operating income.
Maximum Project financing amount: 400 000 EUR (205 000 EUR already raised). The Project is financed based on the current valuation of the pledged asset until the maximum permitted loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and subsequent Project financing stages will only be announced and funded if the maximum permitted LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the funding period to 30 days if the target amount is not reached.
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.
