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Loan for real estate development - Phase I. 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. For those who invest more than EUR 5 000 + 1% of interest. For all investors, the property is pledged with a primary mortgage. 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 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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