- Smooth construction progress: The project is progressing according to schedule – the pitched metal roof covering has been installed, 98 % of the building façades have been insulated, internal electrical installation works have been completed, the elevator has been installed, and finishing works in the common areas are underway. The majority of structural and engineering works have already been completed.
- Additional security: UAB "Prefa", the parent company of UAB "Molėtų oazė", provides an additional guarantee for the full loan amount.
- Strong market demand: As of today, 38 preliminary sale and purchase agreements have been signed, and approximately 50 % of the total saleable area has been reserved.
Interest rates based on investment amount:
– From EUR 100 to EUR 349 – 8.80%
– From EUR 350 to EUR 749 – 9.00%
– From EUR 750 to EUR 2 499 – 9.20%
– From EUR 2 500 to EUR 7 499 – 9.50%
– From EUR 7 500 – 9.80%
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 St. 5A. The project involves the reconstruction and integration of two acquired buildings (the former special boarding school and canteen), changing their purpose into a mixed recreational and residential property. The project is being developed near Lake Pastovis, surrounded by nature and in a strategically convenient location within the town.
The architectural concept includes connecting the two buildings, carrying out a major renovation, and redesigning the internal layout to create residential units, recreational apartments, and creative workshop spaces within one integrated complex. The project will contribute to strengthening the town's infrastructure and expanding the supply of residential and recreational real estate in Molėtai.
In 2024, the project received a building permit for the major renovation, integration of the buildings, and change of use. 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 usable area increased to 2 441.07 m² (previously 2 344.26 m²).
The completed complex will consist of 24 apartments, 27 recreational apartments, 16 creative workshops, 16 bicycle storage units, and 26 parking spaces available for sale.
Project Progress:
Construction works commenced in Q1 2025. Since the first financing stage, the project has demonstrated steady progress. The pitched metal roof covering has been installed, 98 % of the building façades have been insulated, all window reveals have been insulated, bicycle storage partitions and the elevator have been installed. Internal electrical installation works have been completed, all walls have been plastered except for the ground floor of Building B, and finishing works in the common areas have commenced.
During the previous stages, the roof structures were completed, Velux roof windows and roof access hatches were installed, masonry works were completed, the majority of windows and doors were installed, smoke extraction and air supply systems were completed, and structural reinforcement and utility connection works were carried out.
Sales are progressing according to plan. As of today, 38 preliminary sale and purchase agreements have been signed, and approximately 50 % of the total saleable area has been reserved. Since the end of 2025, parking spaces have also been offered for sale. Out of the planned 26 parking spaces, 11 have already been sold, representing approximately 42 %.
The project is scheduled for completion by the end of Q3 2026, with notarised sale and purchase transactions expected to begin in Q2 2026.
At this stage, the funds raised will be used to refinance the existing loan and continue the construction works.
Loan Information:
The loan will be repaid from the proceeds of property sales, while interest payments to investors will be covered from buyers' advance payments.
The maximum planned project financing amount is EUR 3 500 000 (the currently active loan portfolio amounts to EUR 2 281 370.72). 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 has been reached, a new property valuation will be required. Subsequent financing stages will only be launched if the maximum permitted LTV ratio is not exceeded.
The target funding amount is planned to be raised within 7 days, with the possibility of extending the funding period up 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.
