- Experience with PROFITUS: The Project Owner, in cooperation with the PROFITUS platform, has successfully completed 2 similar projects in Vilnius. Investors were repaid on time.
- Construction progress: The Project Developer carries out construction works in stages using its own and raised funds. Since the previous financing stage, significant progress has been made on the semi-detached house project on Bitininkų St. – the roof has been installed, façade works have been completed, floors have been concreted, and internal partitions are currently being installed. The actual completion of the building is approximately 75%. Construction works on the single-family house project on Kamantų St. have not yet started – the project has been prepared and the construction permit is pending.
- Strategic location: The Project is being developed in attractive locations in Vilnius city and Vilnius district – Pilaitė and Didžiasalis. Both locations are characterised by active development of individual residential houses and good connections to Vilnius city centre. Pilaitė is one of the most attractive areas for individual house construction in the capital due to its well-developed infrastructure and above-average real estate liquidity. Didžiasalis is a developing residential area in the south-eastern part of Vilnius, attractive to buyers looking for a private house in a peaceful environment close to the city.
Interest rates based on the investment amount:
– From 100 EUR to 349 EUR – 8.20%
– From 350 EUR to 749 EUR – 8.40%
– From 750 EUR to 2 999 EUR – 8.60%
– From 3 000 EUR – 8.80%
Important: separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner is developing a residential housing project in Vilnius city and Vilnius district, which involves the construction of one single-family residential house at Kamantų St. 11, Vilnius (projected area – 107.18 m²), and one semi-detached residential house at Bitininkų St. 11, Didžiasalis village, Vilnius district (projected area – 176.28 m²). The total projected area of the buildings is 283.46 m².
Since the previous financing stage, significant progress has been made on the construction of the semi-detached residential house at Bitininkų St. 11. The roof has been installed, façade works have been completed, floors have been concreted, and internal partitions are currently being installed. The actual construction completion of the building is approximately 75%, while the completion registered in the Real Estate Register is 9%. Construction works on the plot at Kamantų St. 11 have not yet started. The project has been prepared and the construction permit (SLD) is currently pending. Once the permit is obtained, construction of the single-family residential house is planned to begin.
The Project is being developed in two individual residential housing locations. The plot on Kamantų St. is located in Pilaitė eldership, Vilnius city, an area characterised by well-developed infrastructure and convenient connections to other parts of the city. The project on Bitininkų St. is being developed in Didžiasalis village, Nemėžis eldership, Vilnius district, in a developing individual residential housing area located close to Vilnius city.
Construction and fit-out works are planned to be completed by Q2 2027.
Loan information:
Interest to Investors will be paid from advances paid by buyers or loans provided by shareholders, while repayment of the loan is planned from the proceeds from the sale of the mortgaged property.
The funds raised during this financing stage will be used to continue the development works of the Project. The Project loan agreement is valid until 2028-07-06. Funds for the Project may be raised in stages, and the duration of this financing stage is 6 months. Upon expiry of this stage, if necessary, continued financing of the Project may be carried out, i.e. funds for the Project may be raised through a new financing stage, without exceeding the final term of the Project loan agreement – 2028-07-06.
Maximum planned Project financing amount: 350 000 EUR (75 600 EUR already raised). The Project is financed based on the current valuation of the mortgaged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will have to be carried out, and further financing stages of the Project will be announced and funds raised 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 financing period up to 30 days if the full amount is not raised within the initial period.
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.
