- Experienced developer: The company has been operating since 2015 and has developed approximately 1 000 m² of real estate during this period. The company successfully implements both residential and commercial projects.
- Significant own investment: The Project Owner has been consistently financing the development with its own funds – according to the submitted cost estimate, construction works worth approximately EUR 596 000 have already been completed, while an additional approximately EUR 200 000 has been allocated to advance payments for materials and works. The Project Owner also plans to continue investing its own funds alongside external financing in the subsequent stages of the project.
- Financially stable company: As of 30 June 2026, the company's equity amounted to EUR 2.15 million, the majority of which consisted of retained earnings. Equity accounts for 92% of the company's total assets, while its level of indebtedness remains very low.
Interest rates based on the investment amount:
– From EUR 100 to EUR 299 – 8.20%
– From EUR 300 to EUR 699 – 8.40%
– From EUR 700 to EUR 2 499 – 8.60%
– From EUR 2 500 to EUR 4 999 – 8.80%
– From EUR 5 000 – 9.00%
Important: separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner is developing the “Piparini” residential housing quarter in Latvia, near Riga. The project consists of 17 land plots where townhouses are planned to be constructed in stages. The entire development is planned in three stages, with a total of 65 townhouses to be built. The first stage is currently being implemented, during which 20 townhouses are planned to be constructed.
Since the previous financing stage, the Project Owner has mainly financed the development with its own funds and continued construction works. Currently, construction on one of the plots has reached the structural frame and floor slab stage, while foundation works have commenced on another four plots. According to the information and construction cost estimate provided by the Project Owner, works worth approximately EUR 596 000 have already been completed. In addition, the Project Owner states that approximately EUR 200 000 has been allocated to advance payments for construction materials and works, which are not yet reflected in the completed works estimate or property valuation. Considering the investments made to date and the planned continued use of own funds, the Project Owner's actual investment is likely to exceed the amount initially planned in the project.
The planned sales revenue for the first stage amounts to EUR 3 554 700 excluding VAT, while the average planned sales price is approximately EUR 1 445/m² excluding VAT. The estimated profit from the first stage of the project is approximately EUR 602 000. The funds raised will be used to continue construction works for the first stage of the project.
Loan information:
The loan will be repaid from the proceeds from the sale of the semi-detached houses. Interest payments to investors will be made from advance payments and/or the company's operating income.
Maximum planned Project financing amount: EUR 2 500 000 (EUR 180 000 already raised). The Project loan agreement is scheduled to mature on 2028-11-05. Funds for the Project may be raised in stages, while in this financing stage they are being raised for a period 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 will be required, and subsequent Project financing stages will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the target amount is not reached.
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.
