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Loan for real estate development - Phase II. The purpose of the loan is for a residential house in Sumsko str. construction. Pledged property - a residential house with a plot located at Sumsko str. 129. House area 171.82 sq. m. The project is being developed in a successfully developed plot of land for residential houses in Vilnius. The residential house will be equipped with partial finishing. Housing infrastructure is developed according to the needs of the residents, an outdoor terrace is installed, large-wide windows with a view of the forest. Only 11 km from the city center. The pledged plot borders the forest, has access to hiking trails and ski slopes, and the nearby panorama of the city is pleasing to the eye. Maximum planned amount of funding for the project: EUR 120,000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded. We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

About the Profitus

ECSP license

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.

Minimum investment
100 EUR
Advertised return
11,4%
Investors
44,041
Payment options
Direct debit, Bank transfer
Total funding volume
254,260,361 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. Profitus operates with Lemonway, a regulated payment service provider.

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