- Experience with PROFITUS: The project owner, in cooperation with the PROFITUS platform, has successfully completed 2 similar residential development projects in Vilnius. All obligations to investors were fulfilled on time.
- Construction Progress: The developer carries out construction works in stages using both own and raised funds. Significant progress has been achieved since the previous financing stages – roofing works have been completed on part of the houses, windows have been installed, and façade installation works are either underway or in preparation. According to the latest data, the actual completion level of the pledged assets has reached approximately 50%, indicating that the project has already reached an advanced stage of development.
- Strategic Location: The project is being developed in attractive locations within Vilnius City and Vilnius District, where individual housing development is actively expanding. The properties benefit from convenient access to the city centre via the Vilnius Southern Bypass as well as the main city arteries, including Pilaitė Avenue and T. Narbuto Street, increasing the attractiveness of the properties to end buyers.
About the Project: The project owner is developing a residential housing project in Vilnius City and Vilnius District, consisting of 6 detached single-family houses, each located on a separate land plot. The total gross area of the project amounts to 716.88 m². All houses are designed with full interior finishing and furnished interiors, allowing them to be sold as fully completed and ready-to-live-in homes. Construction works are being carried out in stages using both the developer’s own funds and external financing.
Since the previous financing stages, construction works have continued across the project. Roofing and window installation works have been completed in part of the houses, façade works are being carried out, while in other properties roofing works have already been completed and preparations for façade installation are underway. According to the latest data, the actual completion level of the pledged assets currently stands at approximately 50%.
Five out of the six land plots are currently owned by private individuals with whom superficies (building right) agreements have been concluded. Under these agreements, the developer has been granted the right to use the land free of charge until January 24, 2029, and is committed to acquiring these plots before the expiry of this term.
The properties are being developed in attractive residential locations in Pilaitė (Glapo St.) and Pagiriai (Kalno St. and Pienių St.). These areas are characterized by active single-family housing development and are attractive to buyers seeking a private home close to Vilnius.
The Pilaitė location benefits from well-developed infrastructure, with shopping centres, schools, and other service facilities nearby. The distance to Vilnius city centre is approximately 12–13 km. Due to its urban environment and convenient accessibility, this location offers above-average real estate liquidity.
The Pagiriai location is a rapidly developing residential area situated approximately 15–16 km from Vilnius city centre. It is attractive to buyers who value a quieter environment, proximity to nature, and the opportunity to acquire a private house near the capital at a competitive price.
Construction and full interior fit-out works are planned to be completed by November–December 2026. The projected total sales revenue of the project is approximately EUR 1,456,566.
The funds being raised will be used to refinance the existing PROFITUS loan.
Loan Information:
The loan will be repaid from the proceeds generated through the sale of the developed properties, while interest payments will be covered from the company’s operating cash flow or shareholders’ capital.
Maximum planned financing amount: EUR 900,000 (EUR 342,680 already funded). 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 threshold is reached, a new valuation of the pledged assets will be required. Subsequent financing stages will be announced and funded only if the established maximum LTV ratio is not exceeded.
The fundraising period is planned for 7 days, with the possibility of extending it up to 30 days if the target amount is not 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.
