- Experience with PROFITUS: The Project Owner has successfully completed two similar projects in the city of Vilnius in cooperation with the PROFITUS platform. Investors were repaid on time.
- Construction Progress: The Project Developer is carrying out construction works in stages using both own and borrowed funds. Construction of the semi-detached house at Bitininkų St. has already commenced, with the walls already erected. For the single-family house project at Kamantų St., the technical design has been completed, and the building permit is expected to be obtained in the near future.
- Strategic Location: The Project is being developed in attractive locations in the city of Vilnius and Vilnius District – Pilaitė and Didžiasalis. Both locations are characterized by active individual housing development and convenient access to Vilnius city centre. Pilaitė is one of the most attractive areas for individual residential development 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, appealing to buyers seeking a private home in a peaceful environment close to the city.
About the Project:
The Project Owner is developing a residential housing project in the city of Vilnius and Vilnius District, which includes the construction of one single-family house at Kamantų St., Vilnius (planned area – 107.18 sq. m), and one semi-detached house at Bitininkų St. 11, Didžiasalis Village, Vilnius District Municipality (planned area – 176.28 sq. m). The total planned building area amounts to 283.46 sq. m.
Both land plots are owned by the Project Developer. Construction works on the semi-detached house at Bitininkų St. are already underway, with the building walls completed. The technical design for the Kamantų St. project has been finalized, and the building permit is expected to be obtained shortly, after which construction works will commence.
The Project is being developed in two promising residential locations. The plot in Pilaitė is situated in one of the most attractive individual housing districts in Vilnius, offering well-developed infrastructure, convenient access to the city, and above-average real estate liquidity. The Bitininkų St. project is located in Didžiasalis Village, Nemėžis Eldership – a developing individual housing area approximately 11–12 km from Vilnius city centre. The location is attractive to buyers looking for a quieter residential environment close to the capital.
Construction and interior finishing works are planned to be completed by the second quarter of 2027.
Loan Information:
Interest will be paid from buyers' advance payments or shareholder loans, while the principal loan repayment is planned from the proceeds of the sale of the pledged property.
The maximum planned financing amount for the Project is EUR 350,000. The Project is financed based on the current valuation of the pledged assets until the maximum permitted loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and subsequent financing stages of the Project will only be launched if the maximum permitted LTV ratio is not exceeded.
The funding target is planned to be raised within 7 days, with the possibility of extending the funding period up to 30 days if the target amount is not fully 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.
