- Experienced team: The project is being developed by a company belonging to the “KAITA Group”, one of the most active real estate development groups in Lithuania, having successfully completed 26 projects and developed approximately 78 600 m² of real estate. The group develops residential, multifunctional and co-living projects in Lithuania and abroad, and also manages the largest residential rental portfolio in Lithuania.
- Strategically attractive location: The project is being developed in the rapidly developing Viršuliškės district of Vilnius, next to the successfully developed “NewTon” twin-tower project. The location features well-developed infrastructure, convenient access to the city centre and strong potential for residential real estate development.
- Liquidity: The pledged asset demonstrates liquidity even at the early stage of the project. A significant increase in the property value is expected upon approval of the detailed plan and obtaining the construction permit. The asset is attractive to real estate developers seeking to develop residential and commercial real estate projects and generate income from the sale of apartments, commercial premises and parking spaces.
Interest rates according to investment amount:
– From 100 EUR to 349 EUR – 7.00%
– From 350 EUR to 749 EUR – 7.30%
– From 750 EUR to 1 999 EUR – 7.60%
– From 2 000 EUR to 6 999 EUR – 8.00%
– From 7 000 EUR to 24 999 EUR – 8.40%
– From 25 000 EUR to 74 999 EUR – 8.80%
– From 75 000 EUR – 9.20%
Important: separate investments are not aggregated and cannot be combined.
About the Project:
The project owner intends to acquire a 19.18-are land plot located at Viršilų g. 17, Vilnius, and develop the A++ energy efficiency class 9-storey residential project “NewTon”. The project plans include approximately 4 092 m² of residential area with 76 apartments and 72 parking spaces. The average apartment size will be approximately 43 m². In addition, the project includes up to 772 m² of commercial premises.
At this financing stage, the loan funds will be used for the acquisition of the land plot. The detailed plan is expected to be approved by Q3 2026, after which a new property valuation will be carried out and the second-stage financing for project development will be executed. The construction permit is planned to be obtained in Q1 2027, while the full project development is expected to be completed by the end of 2028. The planned construction duration is approximately 24 months. Full apartment sales are expected to be completed by Q1 2029, therefore refinancing of the loan is planned after the project development stage.
The project is being developed in a strategically attractive location – the Viršuliškės district of Vilnius. It is a rapidly developing district characterised by well-developed infrastructure, convenient transportation and active development of new projects. The successful twin-tower “Newton” project is being developed nearby, making this project a natural continuation of the “Newton” development. The city centre can be reached within approximately 5 minutes by car and 15 minutes by public transport. Nearby are the “Vilnius Outlet” shopping centre, educational institutions, green areas and Karoliniškės park.
Loan information:
Interest will be paid from the company’s working capital, while the loan repayment is planned from the proceeds generated from the sale of the developed property.
Please be informed that interest for investors will start accruing once the full amount required for the acquisition is raised, i.e. 723 750 EUR.
The total loan requirement for the project amounts to 9 000 000 EUR, of which up to 5 000 000 EUR is planned to be financed through the PROFITUS platform. The remaining part of the project may be financed through a syndicate partner or by other acceptable means, or financed through PROFITUS while maintaining the 5 000 000 EUR limit within a 12-month period. The project will be financed in stages, following the established maximum loan-to-value (LTV) ratio. Once the maximum LTV is reached, a new property valuation will be carried out, and further financing stages will only proceed if the established risk indicators are not exceeded. In further stages of the project, the loan may be financed with a secondary mortgage, while financing based on the LTC method is also planned.
We plan to raise the target amount within 7 days, with the possibility to extend the funding period up to 30 days if the amount is not fully 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.
