- Experience with PROFITUS: The Project Owner, in cooperation with the PROFITUS platform, has successfully completed 2 similar projects in Vilnius. Investors were repaid on time.
- Construction progress: The Project Developer carries out construction works in stages using its own and raised funds. Since the previous financing stage, partitions have been installed, the roof has been insulated, and façade works are nearing completion at the property located on Kalno St., Melekonys village. At Glapo St. 12, Vilnius, façade works have been completed and partitions have been installed. The actual completion level of the pledged property currently stands at approximately 80%.
- Strategic location: The Project is being developed in attractive locations in Vilnius and the Vilnius district, where the construction of individual houses is actively expanding. The plots benefit from convenient access to the city centre via the Vilnius southern bypass and the city’s main arterial roads—Pilaitė Avenue and T. Narbuto Street—which increases the attractiveness of the properties to end buyers.
Interest rates based on the investment amount:
– From 100 EUR to 349 EUR – 8.40%
– From 350 EUR to 999 EUR – 8.70%
– From 1 000 EUR to 2 999 EUR – 9.00%
– From 3 000 EUR to 9 999 EUR – 9.30%
– From 10 000 EUR – 9.60%
Important: Separate investments are not added together and cannot be combined.
About the Project:
The Project Owner is developing a detached residential housing project in Vilnius and the Vilnius district, involving the construction of 6 single-family houses, each on a separate plot of land. The total planned floor area is 716,88 m². All houses are designed with full interior finishing and furniture and will therefore be sold fully equipped and ready for immediate occupancy.
Construction works are being carried out in stages using the Developer’s own and raised funds. Since the previous financing stage, construction works have continued at the Project properties. At the property located on Kalno St., Melekonys village, Pagiriai eldership, Vilnius district municipality, partitions have been installed, the roof has been insulated, and façade works are nearing completion. At Glapo St. 12, Vilnius, façade works have been completed and partitions have been installed. According to the latest data, the actual completion level of the pledged property currently stands at approximately 80%.
Five of the six plots of land are currently owned by natural persons with whom building rights (superficies) agreements have been concluded. Under these agreements, the Project Developer has been granted the right to use the plots free of charge until 24 January 2029. The Developer is obliged to acquire these plots of land before the expiry of this term.
The properties are being developed in attractive residential locations—Pilaitė (Glapo St.) and Pagiriai (Kalno St. and Pienių St.). These areas are characterised by active development of individual houses 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 services nearby. The distance to Vilnius city centre is approximately 12–13 km. Due to its urbanised surroundings and convenient transport links, this location has above-average real estate liquidity.
The Pagiriai location is a rapidly developing area of individual houses situated approximately 15–16 km from Vilnius city centre. It is attractive to buyers who value a quieter environment, more nature, and the opportunity to purchase a private home at a competitive price close to the capital.
Construction and full fit-out works are planned to be completed in November–December 2026, while the projected total sales revenue for the entire Project amounts to approximately 1 456 566 EUR.
Loan information:
The loan will be repaid from property sales proceeds, while interest will be paid from the company’s working capital or shareholders’ equity.
Maximum planned Project financing amount: 900 000 EUR (436 640 EUR already raised). The Project is financed based on the current valuation of the pledged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will be required. Further Project financing stages will be announced and funded only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period 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.
