- Attractive location: The project is being developed in an exclusive part of Marijampolė – Pašešupys Park, next to Sakura Island.
- Increased value: Following a new property valuation, the asset value increased by 495 thousand EUR compared to the previous stage – from 1.505 million EUR to 2 million EUR excluding VAT.
- Architectural quality: The project was designed by award-winning architect Gintautas Vieversys, resulting in an architectural solution distinguished by aesthetics, functionality, and added value.
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 9.00%
– From 350 EUR to 699 EUR – 9.20%
– From 700 EUR to 2 499 EUR – 9.40%
– From 2 500 EUR to 6 999 EUR – 9.60%
– From 7 000 EUR – 9.80%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
The project owner continues the development of a new residential real estate project “Sakurų Namai” located at Parko St. 1D, Marijampolė. The project is being implemented in an exclusive area of Marijampolė – Pašešupys Park, next to Sakura Island. The project includes the construction of two five-storey apartment buildings.
About the Project:
The project owner continues the development of a new residential real estate project “Sakurų Namai” located at Parko St. 1D, Marijampolė. The project is being implemented in an exclusive area of Marijampolė – Pašešupys Park, next to Sakura Island. The project предусматриes the construction of two five-storey apartment buildings.
Funds raised during the loan term will be allocated exclusively to the construction of one apartment building – Building A “Migdolas”. This building will comprise 20 apartments with a total saleable area of 1 134.12 m² and a gross project area of 1 432.68 m². In addition, 20 surface parking spaces will be sold together with the apartments.
The first apartment building “Migdolas” is registered as separate property units – apartments. According to the data of the Register Centre, the registered completion level is 47%. Since the previous stage, balcony and window construction works have been completed, internal infrastructure installation works are ongoing, and an elevator has been ordered. Following a new property valuation, the asset value increased by 495 000 EUR.
The project owner initially planned to complete the building to partial fit-out and register 85% completion by January 1, 2026; however, due to prolonged construction works, completion is now planned by May 1, with the majority of apartments expected to be sold by Q3 2026.
The planned total sales revenue of the entire project amounts to approximately 2.66 million EUR (excluding VAT), including apartments and parking spaces. At this financing stage, the raised funds will be used to continue real estate development works.
Loan information:
The loan will be repaid from the sale proceeds of the developed property, while interest payments to investors will be covered from advance payments and own funds.
The maximum planned project financing amount is 1 250 000 EUR (Already raised 856 000 EUR). The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation will be required, and further financing stages will only be announced and collected if the maximum LTV is not exceeded.
The target amount is planned to be raised within 7 days, with the possibility to extend the fundraising period up to 30 days if the 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.