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The project "Patalpos, Pylimo St." is being developed in Vilnius Old Town. In order to ensure the interests of investors, premises with an area of ??418.14 m2 are pledged at Pylimo str. 59, Vilnius. The project funds will be used to refinance the existing loan. The project developer has already formed 7 property units in the premises pledged to investors, which are oriented to the inner yard of the building. There are also trade premises with an exit to Pylimo st. In the next few weeks, blocks will be laid around the building, underfloor heating will be installed in the premises, and gas, electricity and water inlets are already inside. The project has already reserved two premises with a sales value of 170 thousand euros. Documents regarding the change of purpose of the premises are currently submitted. Changing the purpose will significantly increase the value of the object. The borrower has invested in the project and carried out the work provided for in the previous project, as well as reduces the amount to be refinanced by paying part of the loan from its own funds. Previously, the developer implemented the project "Angelo Loftai" in Užupis, the project was successfully completed, the investors were settled in 2020. March. Investors with more than EUR 500 7.5%, and from EUR 15,000 8% annual interest. 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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