- Unique project: "Ocean 11" projects will be built on a 115-acre plot of land located between Marbella and Estepona.
- Profitable Project: A clear project plan has been developed, the cost of developing the 4 villas has been calculated, and the expected project profit is 2,000,000 EUR.
- Experienced Project Owner and Shareholders: The project owner and company shareholders have already developed over 243,800 m² of projects in Lithuania. They are currently developing real estate projects in Lithuania (121,500 m²) and Spain (9,000 m²).
Interest by investment amount:
– From 100 EUR to 499 EUR – 7.50%
– From 500 EUR to 4 999 EUR – 8.00%
– From 5 000 EUR to 24 999 EUR – 8.50%
– From 25 000 EUR to 74 999 EUR – 9.00%
– From 75 000 EUR – 9.50%
Important: investments made separately are not accumulated.
About the Project:
The project owner is developing 4 premium class villas in Malaga, Spain. The "Ocean 11, South" villa project will be built on four 10.5-acre plots of land between Marbella and Estepona. Each villa will have a living area of approximately 400 m².
It is estimated that each villa will cost around 2.5 million EUR. Construction began in July 2024, and completion is scheduled for October 2025.
Loan Information:
This loan will be repaid from the project's sales revenue, which is estimated to be 10 million EUR. Interest will be paid from the project owner's own funds.
Maximum planned amount of funding for the Project: 4,000,000 EUR. Please note that funding will be based on the LTC indicator. The LTC indicator (Loan-to-cost) refers to the ratio between the loan and the total project cost. The project will be financed on the basis of the submitted acceptance of the construction works, to the account of the general contractor, within the maximum LTC of 70% and the maximum loan amount. No additional reassessment of the property will be carried out between the financing phases and the financing decision will be based on the certified acceptance of the works by the Construction Superintendent and the Client's evidence of payment of the equity share.
The target amount is planned to be raised within 7 days with the possibility of extending the period to 30 days if the funds are not raised.
About the Profitus
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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
