- Experienced developer: The Project Owner has extensive experience in real estate development (since 2008) and has completed projects with a total area of approximately 3000 m².
- Secured sales: All houses under construction on Mažosios Lietuvos St. already have signed preliminary sale and purchase agreements and paid reservation deposits.
- Liquidity: The pledged assets are located in the city of Šiauliai – both the development project on Mažosios Lietuvos St. / Nadruvos St. and the additional land plot portfolio in the Jotvingių St. / Žiemgalių St. quarter. The properties are situated in residential neighborhoods with developed infrastructure and asphalt access roads, approximately 4 km from the city center, ensuring demand for individual houses and increasing the liquidity of the collateral.
Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 8.60%
– From 300 EUR to 749 EUR – 8.80%
– From 750 EUR to 4 999 EUR – 9.00%
– From 5 000 EUR – 9.20%
Important: Individual investments are not cumulative and cannot be combined.
About the Project:
The Project Owner is developing an individual residential housing quarter in stages in Šiauliai, located on Mažosios Lietuvos St. / Nadruvos St. The current stage includes the construction of 7 A++ energy class individual residential houses with an area of approximately 144–149 m².
Since the previous financing stage, significant construction progress has been achieved. At Mažosios Lietuvos St. 6, the walls have been erected, the roof has been installed, the floors have been concreted, and the installation of internal partitions is underway. In the remaining houses, foundation concreting has been completed and wall construction is in progress.
As of today, only 3 out of the 7 houses in this development remain unsold; however, all of them have already been reserved by future buyers. The funds raised during this financing stage will be used for further construction works and completion of the project in order to finalize the planned sales transactions. The project is being implemented in a growing residential area of Šiauliai, where new housing developments are actively emerging.
The projected sales revenue from the developed properties amounts to 539,917 EUR.
Loan information:
The loan is expected to be repaid from sales proceeds upon signing the final notarized sale and purchase agreements with the buyers who have already reserved the properties. Interest will be paid from the company's working capital.
The maximum planned project financing amount is 400,000 EUR (285,000 EUR has already been raised). The amount may be raised in stages. The project is financed based on the current valuation of the pledged assets 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. Subsequent financing stages of the Project will be announced and funds will be raised only if the maximum permitted LTV is not exceeded.
The target amount is planned to be raised within 7 days, with the possibility of extending the fundraising period to up to 30 days if the funds are not fully raised.
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.
