- Experienced developer: The company has been operating since 2015 and during this time has developed about 1,000 m² of real estate. It successfully implements both residential and commercial projects, ensuring high quality and timely delivery.
- Equity contribution: The project owner plans to invest EUR 788,500 of own funds into this project, which will make up nearly 27% of the total project financing.
- Profitable company: The company is consistently expanding its operations and has been profitable every year. In 2024, the company’s profit reached approximately EUR 690,000, and it is characterized by stability and a responsible approach to its commitments.
Interest rate based on investment amount:
– From 100 EUR to 299 EUR – 8.00%
– From 300 EUR to 599 EUR – 8.20%
– From 600 EUR to 1 199 EUR – 8.40%
– From 1 200 EUR to 2 499 EUR – 8.60%
– From 2 500 EUR to 4 999 EUR – 8.80%
– From 5 000 EUR – 9.00%
Important: individual investments are not cumulative and cannot be combined.
About the Project:
The project developer plans to implement a residential housing project in Latvia, near Riga. The project consists of 17 plots where semi-detached houses will be built. The project is located in the suburban area of Riga, which is considered a promising and rapidly developing territory. Although the western part of Riga is expanding quickly, this area offers a quieter environment and significant growth potential.
The project will be developed in three stages, during which 65 semi-detached houses are planned to be built. Currently, Phase I is being implemented, which includes the construction of 20 semi-detached houses. The Phase I sales revenue is expected to reach EUR 3,554,700 (excluding VAT), with an average price per square meter of about EUR 1,445 (excluding VAT). These prices are considered competitive, and the homes are expected to be in high demand. The projected profit is about EUR 602,000, representing approximately 20% of total sales revenue. Construction is expected to take 8–10 months.
At this stage, the funds raised will be used to start and carry out the construction works of Phase I.
Loan information:
The loan will be repaid from the proceeds of semi-detached house sales. Interest to investors will be paid from advance payments and/or the company’s operating income.
The maximum planned project financing amount is EUR 2,500,000. The project is financed based on the current appraised value of the collateral until the maximum LTV ratio is reached. Once this limit is achieved, a new property valuation will be performed, and further financing stages will be launched only if the set maximum LTV is not exceeded.
The fundraising period is planned to be 7 days, with the possibility of extension up to 30 days if the amount is not fully raised.
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.
