- Long-term experience: The project is being developed by a real estate developer with more than a decade of experience in the development and sale of residential properties.
- Additional security: An individual – the company's shareholder – provides a personal guarantee for the full loan amount.
- Construction progress: All building permits have already been issued for the project, preparatory works have commenced on all plots, and the construction of three semi-detached houses is actively underway on three plots – foundations have been completed and masonry works have been carried out. The registered completion level of the buildings under construction is 26%.
Interest rates based on investment amount:
– From EUR 100 to EUR 999 – 8.70%
– From EUR 1 000 to EUR 3 499 – 9.00%
– From EUR 3 500 – 9.30%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner is developing a residential quarter of 8 semi-detached houses in Užliedžiai village, Kaunas district. The project is being developed on 8 land plots with a total area of 71.98 ares. The quarter will consist of 8 semi-detached residential houses, i.e. a total of 16 apartments. The planned area of each apartment ranges from 87 to 92 m², with a total saleable area of approximately 1 408 m². All apartments will be completed to partial fit-out and sold to end buyers.
Building permits have been issued for all land plots, and preparatory construction works have been completed, including topsoil removal and site preparation for foundation works. Construction of 3 semi-detached houses is currently underway on three land plots – foundations have been completed, masonry works have been carried out, and roof structure installation is scheduled to begin shortly.
The currently registered completion level of the 3 semi-detached houses under construction is 26%, while according to the independent property valuer's report, the completion level of the buildings as of the valuation date was 24%.
At this stage, the funds raised will be used for the planned refinancing of the loan.
Loan Information:
The loan will be repaid from the proceeds of apartment sales, while interest to investors will be paid from the company's operating income and advance payments received.
The maximum planned project financing amount is EUR 1 400 000. The project is financed based on the current valuation of the pledged property 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. Further project financing stages will be announced and funded only if the established maximum LTV ratio is not exceeded.
We plan to raise the target amount within 7 days, with the possibility to extend the fundraising period up to 30 days if the target 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.
