- Smooth Construction Progress: The actual project completion rate is approximately 80% – facade finishing works are nearly complete, all plastering and concreting works have been completed, and 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.
- Strong Buyer Interest: 39 out of 67 preliminary purchase and sale agreements have been signed, with approximately 58% of the total saleable area reserved. Additionally, 12 out of 26 parking spaces have been sold, representing approximately 46%.
Interest Rates by Investment Amount:
– From 100 EUR to 349 EUR – 9.50%
– From 350 EUR to 750 EUR – 9.75%
– From 750 EUR to 1 999 EUR – 10.00%
– From 2 000 EUR to 4 999 EUR – 10.25%
– From 5 000 EUR – 10.50%
Important: Separate investments are not added together and cannot be combined.
About the Project:
The project owner, UAB "Molėtų oazė", is developing a multifunctional recreational complex called "Molėtų Oazė", located at Jaunimo g. 5A, Molėtai. During the project implementation, two acquired buildings – a former special boarding school and a canteen – were reconstructed and connected, with their designated use changed to recreational and residential purposes.
The property is being developed next to Lake Pastovis, surrounded by nature, in a strategically convenient location within the town. The complex will consist of 24 residential apartments, 27 recreational apartments, 16 creative workshops, 16 bicycle storage units, and 26 parking spaces available for sale.
Project Progress:
Facade finishing works have now been completed, all exterior doors and rainwater gutters have been installed, and paving and outdoor lighting installation works have begun. In the common areas, tile installation is nearing completion, ceilings are being painted, and terrace and balcony railings are being installed. All plastering and concreting works have been completed, while the remaining roof and facade sheet metal finishing works account for approximately 5%.
The actual construction completion rate of the project is approximately 80%. Currently, 39 out of 67 preliminary purchase and sale agreements have been signed, with approximately 58% of the total saleable area reserved, representing a total value of approximately 3,28 million EUR excluding VAT. Additionally, 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 notarial transactions expected to begin in Q3 2026.
Loan Information:
The loan will be repaid from property sales proceeds, while interest payments to investors will be funded from advance payments.
Maximum planned project financing amount: 3 500 000 EUR (Current active loan portfolio: 3 192 170 EUR). The project loan agreement is scheduled to expire on 2028-06-30. Funds for the project may be raised in stages, with the current financing stage having a duration of 12 months. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and subsequent project financing stages will only be announced and funded if the established maximum LTV ratio is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period to 30 days if the required 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.
