- Smooth construction progress: The project is being developed according to schedule, with consistent progress recorded – PVC roofing membrane has been installed in the flat roof areas, “Velux” windows and roof access hatches have been installed, and metal roofing installation has been started. Approximately 85% of the façade has been insulated, bicycle storage partitions are being installed, and smoke extraction and air flow systems have been fully completed. The majority of structural and engineering works have already been implemented.
- 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-purpose real estate assets.
- Additional security: UAB “Prefa” – the parent company of UAB “Molėtų oazė” – provides an additional corporate guarantee for the full loan amount.
- Strong interest: Currently, 38 preliminary sale-purchase agreements have been signed, with approximately 47 % of the total sellable area reserved.
Interest rates based on investment amount:
– From EUR 100 to EUR 349 – 8.60%
– From EUR 350 to EUR 749 – 8.80%
– From EUR 750 to EUR 2 499 – 9.00%
– From EUR 2 500 to EUR 7 499 – 9.20%
– From EUR 7 500 – 9.40%
Important: Separate 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 connecting two acquired buildings (a former special boarding school and a canteen), while changing their purpose into recreational and residential use. The project is being developed near Lake Pastovys, surrounded by nature and in a strategically convenient location within the city.
The architectural solutions provide for the connection of the buildings, major renovation, and functional replanning, creating residential, recreational, and creative spaces within one complex. The project will contribute to strengthening the city’s infrastructure and expanding the supply of residential and recreational real estate in Molėtai.
In 2024, a construction permit was issued for the major renovation, connection of the buildings, and change of purpose. Following the approval of revision A of the project, the building areas were adjusted: the total area increased to 4 050,01 m² (previously 3 937,01 m²), while the main area increased 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 started in Q1 2025. Significant progress has been recorded since the first stage: PVC roofing membrane has been installed in the flat roof areas, “Velux” windows and roof access hatches have been installed, and metal roofing installation has been started. Approximately 85 % of the façade has been insulated, bicycle storage partitions have been started, insulation layers for the floors on the 2nd floor (Building A) have been installed. In addition, smoke extraction and air flow systems have been fully completed. Previously, masonry works had been completed, the majority of windows and doors installed, roof structures completed, and structural reinforcement and engineering network inlet works carried out. The project is planned to be completed by the end of Q3 2026, while notarised transactions are expected to begin from Q2 2026.
Sales:
Sales are progressing according to plan. Currently, 38 preliminary sale-purchase agreements have been signed, with approximately 47 % of the total sellable area reserved.
Since the end of 2025, parking spaces have also been offered for sale – currently, 11 out of 26 planned parking spaces have been sold (approximately 42 %).
Loan information:
The loan will be repaid from property sales proceeds, while interest to investors will be paid from advance payments.
Maximum planned project financing amount: EUR 3 500 000 (currently active loan portfolio amounts to EUR 1 814 627,69). 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 will have to be carried out, and further financing stages of the Project will only be announced and funded if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility to extend the fundraising period 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.
