- Experienced developer: The company’s shareholders and owners have completed more than 2,500 m² of real estate projects and currently manage approximately 7,500 m² of real estate of various purposes.
- Additional security: UAB “Prefa” – the parent company of UAB “Molėtų oazė” – provides an additional guarantee for the full loan amount.
- Smooth project execution: Since the initial financing stage, construction works have been carried out according to schedule. To date, 100% of masonry works have been completed, building gables have been insulated and reinforced, almost all external windows and doors have been installed, staircase concreting works have been completed, new wooden roof structures have been installed, and roof insulation as well as floor concreting preparation works have commenced.
- Strong demand: Currently, 36 preliminary sale–purchase agreements have been signed, with approximately 47% of the total saleable area reserved. In addition, 11 out of 26 planned parking spaces have been sold (approximately 42%).
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.50%
– From 350 EUR to 749 EUR – 8.75%
– From 750 EUR to 2 999 EUR – 9.00%
– From 3 000 EUR to 9 999 EUR – 9.25%
– From 10 000 EUR – 9.50%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner – UAB “Molėtų oazė” – is developing a multifunctional recreational complex in Molėtai, at Jaunimo g. 5A. The project is being implemented through the reconstruction and merging of two acquired buildings (a former special boarding school and a canteen), changing their purpose into recreational and residential use. The project is developed near Lake Pastovis, surrounded by nature, yet in a strategically convenient part of the city. Architectural solutions include the merging of buildings, major renovation and functional redesign, creating residential, recreational and creative spaces within one complex.
The project will contribute to strengthening local infrastructure and expanding residential and recreational real estate supply in Molėtai. In 2024, a construction permit was issued for major renovation, building merger and change of purpose. Following approval of Revision A of the design, the building areas were adjusted: total area increased to 4 050,01 m² (previously 3 937,01 m²), main area – to 2 441,07 m² (previously 2 344,26 m²). The complex will consist of 24 apartments, 27 recreational apartments, 16 creative workshops, 16 bicycle storage units and 26 parking spaces for sale.
Project progress:
Construction works commenced in Q1 2025. Currently, 100% of masonry works have been completed, gables have been insulated and reinforced, almost all external windows and doors have been installed, staircase concreting works have been finalized, new wooden roof structures have been installed, roof insulation works have begun, and preparation for floor concreting is underway. Structural reinforcement, balcony installation and engineering network inlets were completed earlier.
The project is planned to be completed by the end of Q3 2026, with notarial sales scheduled to begin in Q2 2026. To date, 36 preliminary sale–purchase agreements have been signed, with approximately 47% of the total saleable area reserved. Additionally, 11 out of 26 planned parking spaces have been sold (approximately 42%). Sales are proceeding according to plan.
Loan information:
The loan will be repaid from property sales proceeds, and interest to investors will be paid from advance payments.
The maximum planned project financing amount is 3 500 000 EUR (Current active loan portfolio: EUR 1,096,604.69). The project is financed based on the current valuation of the pledged property until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be conducted, and further financing stages will be announced and launched only if the established maximum LTV is not exceeded.
The targeted amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if the funds are not collected.
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.
