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The purpose of the loan of the project „Patalpos Birzelio 23-iosios g.“ is to finance the previous loan. The previous loan was used for the acquisition of mortgaged real estate. The project owner covered 50% of the funds of the purchase price of the asset. To ensure the interests of investors, the initial mortgage pledges 945,9 sq. m. area of premises in Birželio 23rd st.12-201, Vilnius. Reconstruction works will be carried out in these premises, during the reconstruction of the premises UAB Neoloftas intends to increase the area of the object due to the installation of the four floor to 1,168 sq. m, (it is planned to install 25 lofts, on average 45-47 sq. m each). Following the acquisition of the facility, the co-owners of the entire building intend to sign a joint venture agreement for the reconstruction of the building with a construction contractor. This company will carry out project administration, design, general contractor sourcing, and other necessary processes to properly implement the project. Reconstruction is planned to start by this July, by which time all necessary permits are to be obtained. By the end of 2021, it is planned to install 30% of the lofts. The rest - in the coming years. The main activity of the group of enterprises to which the developer belongs is the construction of residential and non-residential buildings. The refinancing of the loan is required until the sales of the project under development are started. This loan will therefore be repaid from the proceeds of the sale of the real estate. Interest by investment amount: • From EUR 100 to EUR 999 - 8% • From EUR 1,000 to EUR 9,999 - 8.5% • From 10,000 EUR - 9% Important: individual investments are not aggregated. We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds.

About the Profitus

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
N/A
What does Profitus offer?

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.

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