- Extensive Experience: The project owner's group of companies and its manager have been active in the real estate market since 2000. During this period, more than 12 residential and commercial real estate projects with a total area of approximately 2 000 m² have been developed in Druskininkai and the Vilnius district.
- Liquid Asset: The pledged real estate is located in the central part of Druskininkai, on M. K. Čiurlionio Street. Its strategically attractive location, well-developed infrastructure and potential for commercial use increase the property's appeal to potential buyers. According to the property valuation, the estimated period required to sell the property, if necessary, is up to 6 months.
- Rental Income: The pledged commercial real estate is currently leased and generates regular monthly rental income of 390 EUR + VAT, providing an additional cash flow for the project owner.
Interest Rates by Investment Amount:
– From 100 EUR to 299 EUR – 10.00%
– From 300 EUR to 699 EUR – 10.25%
– From 700 EUR to 1 499 EUR – 10.50%
– From 1 500 EUR to 3 499 EUR – 10.75%
– From 3 500 EUR to 6 999 EUR – 11.00%
– From 7 000 EUR to 14 999 EUR – 11.25%
– From 15 000 EUR – 11.50%
Important: Separate investments are not added together and cannot be combined.
About the Project:
The project owner is pledging two commercial premises owned by the company, located at M. K. Čiurlionio St. 79, Druskininkai, to raise financing for working capital purposes. The funds raised will be used to cover existing financial obligations.
The pledged real estate consists of administrative premises with an area of 39,90 m² and office premises with an area of 39,23 m², with a total area of 79,13 m². The property currently generates regular rental income of 390 EUR + VAT per month.
The pledged property is located in the central part of Druskininkai, on M. K. Čiurlionio Street, one of the resort town's main streets, characterised by well-developed infrastructure and active pedestrian and vehicle traffic. The surrounding area includes retail and service businesses, accommodation facilities and administrative buildings. The main pedestrian promenade and resort squares are approximately 670 m away, while Druskininkai Aquapark is located about 1,6 km from the property. The central location, convenient accessibility and well-developed surrounding infrastructure increase the attractiveness of the commercial premises to potential tenants and contribute to the property's liquidity.
Loan Information:
The loan will be repaid from the proceeds of the sale of another real estate asset. Interest payments to investors will be made from the company's operating income.
Maximum financing amount: 80 000 EUR. The project's loan agreement is scheduled to mature after 24 months. Funds for the project may be raised in stages, with the current financing stage having a term of 12 months. Upon expiry of this stage, funds may be raised again to extend the financing. The project is financed based on the existing 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 financing stages will only be launched and funded if the established maximum LTV ratio is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period to 30 days if the required funds are not collected.
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.
