- 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 various types of real estate.
- Additional security: UAB “Prefa” – the parent company of UAB “Molėtų oazė” – provides a guarantee for the full loan amount.
- Smooth construction progress: The project is being developed according to schedule, with consistent progress recorded – installation of cold and hot water main pipelines completed, mansard facades insulated, finishing support frameworks installed, floor insulation layer installed on floors 0 and 1, plastering works completed, and 100% of roof terrace installation works finalized. The majority of structural and engineering works have already been completed.
- Strong demand: Currently, 36 preliminary sale–purchase agreements have been signed, with approximately 47% of the total sellable area reserved. Additionally, 11 out of 26 planned parking spaces have been sold (about 42%).
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.80%
– From 350 EUR to 749 EUR – 9.00%
– From 750 EUR to 2 499 EUR – 9.20%
– From 2 500 EUR to 7 499 EUR – 9.50%
– From 7 500 EUR – 9.80%
Important: individual investments are not cumulative 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 by reconstructing and merging two acquired buildings (a former special boarding school and a canteen), changing their purpose to recreational and residential use.
The project is located near Lake Pastovis, surrounded by nature, yet in a strategically convenient location within the city. Architectural solutions include merging the buildings, carrying out capital renovation, and functional replanning to create residential, recreational, and creative spaces within a single complex. The project will contribute to strengthening local infrastructure and expanding the supply of residential and recreational real estate in Molėtai.
In 2024, a construction permit was issued for capital renovation, building merger, and change of use. After approval of the A revision of the project, 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 studios, 16 bicycle storage units, and 26 parking spaces for sale.
Project progress:
Construction works started in Q1 2025. Since the last stage, significant progress has been recorded: installation of cold and hot water main pipelines, insulation of mansard facades, installation of finishing support frameworks, installation of floor insulation layer on floors 0 (Blocks A and B) and 1 (Block A), and plastering works on the 2nd floor of Blocks A and B. Additionally, 100% of roof terrace installation works (insulation, slope formation, Cetris, etc.) have been completed. Previously completed works include masonry, installation of most windows and doors, roof structures, as well as structural reinforcement and utility connections.
The project is planned to be completed by the end of Q3 2026, with the start of notarial transactions scheduled from Q2 2026.
Sales:
No new preliminary sale–purchase agreements have been signed since the previous stage, with a total of 36 agreements concluded. Approximately 47% of the total sellable area has been reserved, and sales are progressing according to plan. Since the end of 2025, parking spaces have also been offered for sale – currently, 11 out of 26 have been sold (about 42%).
Loan information:
The loan will be repaid from property sales proceeds, while interest to investors will be paid from advance payments.
The maximum planned project financing amount is 3 500 000 EUR (currently active loan portfolio: 1 636 627,69 EUR). The project is financed based on the current valuation of the mortgaged assets until the established maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be conducted, and further financing stages of the project will be announced and carried out only if the установлен maximum LTV is not exceeded.
The target funding amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if the amount is 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.
