- Location potential: The project is planned in an attractive area of the Trakai district, surrounded by lakes and forests, where housing demand is stable and new supply is limited, ensuring likely good liquidity.
- Developer experience: The developer has been consistently executing real estate projects in Lithuania and abroad since 2011, and previous experience in the UK includes the development of approximately 12 000 m² of multi-family residential projects.
- Additional security: As additional security for this loan tranche, newly constructed property owned by the company shareholder is pledged, and the shareholder provides a personal guarantee for part of the loan obligation.
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 9.20%
– From 350 EUR to 749 EUR – 9.40%
– From 750 EUR to 2 499 EUR – 9.60%
– From 2 500 EUR to 7 499 EUR – 9.80%
– From 7 500 EUR – 10.00%
Important: separate investments are not cumulative and cannot be combined.
About the project:
The project owner has acquired 8 land plots in the Trakai district, with a total area of 2.34 ha. A residential neighborhood “Seimenų šilas” is planned on these plots, aimed at creating a quiet, nature-surrounded, family-friendly living environment.
The neighborhood will include 7 semi-detached houses and one commercial building. Each semi-detached house will have a total area of approximately 200.12 m². The semi-detached houses are planned to be sold to end buyers at partial completion. The developer estimates total project sales revenue of approximately 2 458 099 EUR (~1 734 EUR/m² excluding VAT).
In the first stage, financing was secured for the purchase of the plots. The construction permit (SLD) is expected to be obtained in the coming weeks. Preliminary site preparation works have already begun, allowing the project to move into the active development phase soon.
At this stage, additional financing is sought for construction works. Additional collateral is provided – a residential property owned by the project owner, with an actual completion rate of approximately 86%.
The project owner has prior experience developing residential projects in this location – 9 houses previously built in the same area were successfully sold.
Loan information:
The loan will be repaid from real estate sales revenue. Interest for investors will be paid from advance payments and other sales of company-developed properties or shareholder capital.
Maximum planned project financing amount: 1 200 000 EUR (already raised 139 834 EUR secured by primary mortgage and 34 958 EUR secured by secondary mortgage). The project is financed based on the current value of the pledged property until the maximum loan-to-value (LTV) ratio is reached.
The targeted amount is planned to be raised within 7 days, with the possibility of extending up to 30 days if the full amount is 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.
