- Smooth construction progress: The actual project completion rate is approximately 80% – the facade finishing is nearly complete, all plastering and concreting works have been completed, while finishing works in common areas and landscaping works are ongoing.
- Additional security: UAB “Prefa” – the parent company of UAB “Molėtų oazė” – provides an additional guarantee for the full loan amount.
- Active interest: 39 out of 67 preliminary sale-purchase agreements have been signed, with approximately 58% of the total saleable area reserved. In addition, 12 out of 26 parking spaces have been sold, representing approximately 46%.
Interest rates by investment amount:
– From 100 EUR to 349 EUR – 9.30%
– From 350 EUR to 999 EUR – 9.50%
– From 1 000 EUR to 4 999 EUR – 9.75%
– From 5 000 EUR – 10.00%
Important: separate investments are not added together and cannot be combined.
About the Project:
The Project Owner – UAB “Molėtų oazė” – is developing the multifunctional leisure complex “Molėtų Oazė” in Molėtai, at Jaunimo st. 5A. During the implementation of the project, two acquired buildings – a former special boarding school and a canteen – were reconstructed and connected, changing their use to leisure and residential purposes. The property is being developed next to Lake Pastovis, surrounded by nature and in a strategically convenient location within the town. The complex will comprise 24 apartments, 27 leisure apartments, 16 creative workshops, 16 bicycle storage units and 26 parking spaces for sale.
Project progress:
Significant progress has been achieved since the previous stage – the facade finishing is nearly complete, all exterior doors and rainwater gutters have been installed, and paving and outdoor lighting works have commenced. Tiling in the common areas is nearing completion, ceilings are currently being painted, and terrace and balcony railings are being installed. All plastering and concreting works have been completed, while approximately 5% of the roof and facade sheet-metal works remain. The actual construction completion rate of the project is approximately 80%. Currently, 39 preliminary sale-purchase agreements out of 67 have been signed, with approximately 58% of the total saleable areareserved, representing a total value of approximately 3.28 million EUR excluding VAT. In addition, 12 out of 26 parking spaces have been sold, representing approximately 46%.
The project is planned to be fully completed by the end of Q3 2026, with the first notarial transactions scheduled to commence in Q3 2026.
Loan information:
The loan will be repaid from proceeds from property sales, while interest to investors will be paid from advance payments.
The maximum planned financing amount for the project is 3 500 000 EUR (the current active loan portfolio amounts to 2 942 170 EUR). The Project loan agreement is scheduled to end on 2028-06-30. Funds for the Project may be raised in stages, and in this financing stage, funds are being raised for a period of 12 months. The Project is financed based on the current valuation of the pledged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will be required, and subsequent financing stages of the Project will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the funding period up to 30 days if the target amount is not 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.
