- Attractive location: The project is being developed in the historic part of Panevėžys, on Kranto Street, close to the city centre and the Nevėžis River, where industrial buildings are actively being converted into lofts and mixed-use properties.
- Construction progress: Since the previous financing stage, significant engineering and premises preparation works have been completed: rainwater and domestic wastewater networks have been installed up to the manholes, and water supply, electricity and ventilation connections have been brought into the premises. Underfloor heating has been installed. The floors have also been prepared for concreting, and terraces with roof access have been installed for the second-floor lofts.
- Experienced developer: The project owner and its group of companies have successfully completed 11 258,42 m² of conversion projects in Šiauliai, Panevėžys, Marijampolė and Vilnius over the past 6 years. All previous projects have been successfully realised.
Interest rates by investment amount:
– From 100 EUR to 299 EUR – 9.20%
– From 300 EUR to 699 EUR – 9.40%
– From 700 EUR to 2 499 EUR – 9.70%
– From 2 500 EUR to 7 499 EUR – 10.00%
– From 7 500 EUR to 29 999 EUR – 10.40%
– From 30 000 EUR to 74 999 EUR – 10.80%
– From 75 000 EUR – 11.20%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
“Senvagės loftai” is a distinctive conversion project in the heart of Panevėžys, on Kranto Street, next to Senvagė – one of the city’s most popular leisure areas. The former lighting factory building is being given a new life: while preserving its authentic industrial character, modern spaces for living, work and business are being created. High ceilings, large windows, individual entrances and the central city location add to the project’s distinctiveness. More information: senvagesloftai.lt.
The project is being developed in two stages:
- Stage I envisages the development of 41 lofts (average area ~55 m²), 13 commercial premises and 17 storage units with individual entrances, high ceilings and energy-efficient solutions.
- Stage II envisages a simple renovation of the first-floor premises (163,38 m²), creating garages or additional commercial spaces.
Currently, 3 lofts have been fully completed (except for the sewage connection) and are used as showrooms to attract prospective buyers. In addition, 20 preliminary sale and purchase agreements (reservation agreements) have already been signed. Planned sales revenue for the entire project amounts to 4 395 878 EUR.
The funds raised during this stage will be used to refinance the previous PROFITUS loan, providing the project owner with additional time to continue the planned construction and fit-out works and complete the project to its intended scope.
Market potential:
Panevėžys’ housing market has been growing rapidly in recent years. According to Ober-Haus data, in May 2026, the average apartment price in Panevėžys reached 1 329 EUR/m², while apartment prices in the city increased by 12.3% over the previous 12 months. This indicates active demand and increasing buyer interest in housing in one of Lithuania’s largest regional centres.
Loan information:
The loan will be repaid from the sale proceeds of other developed real estate. Interest will be paid from advance payments or sale proceeds of other developed real estate.
The maximum amount to be financed is 2 100 000 EUR. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be carried out, and subsequent Project financing stages will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the requested amount within 7 days, with the possibility of extending the fundraising period to up to 30 days if the funds are not raised.
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.
