- Experienced Real Estate Developer: The company has been actively operating in the real estate market since 2017 and has completed 10 semi-detached and 4 detached residential house projects with a total area of approximately 4 000 m². The Developer is currently implementing additional real estate projects that generate revenue streams, ensuring financial stability and demonstrating its development expertise.
- Construction progress: The Project is progressing rapidly – the registered completion level of the buildings under construction at J. Bretkūno St. 30 and 32 in Vilnius has reached 77%, while the actual completion level is close to the registered one. Façade installation works are nearly complete, roofing works have been finished, floors have been concreted, underfloor heating systems have been installed, and the installation of internal partitions has begun.
- Attractive location: The Project is being developed in the sought-after Pilaitė district, where well-developed infrastructure, convenient access to the city centre and green recreational areas ensure strong residential housing demand and good property liquidity.
Interest rates based on the investment amount:
– From 100 EUR to 349 EUR – 8.70%
– From 350 EUR to 749 EUR – 9.00%
– From 750 EUR to 2 999 EUR – 9.30%
– From 3 000 EUR to 9 999 EUR – 9.60%
– From 10 000 EUR – 10.00%
Important: Individual investments are not cumulative and cannot be combined.
About the Project:
The Project Owner is successfully continuing the development of a residential quarter of detached houses in Pilaitė, Vilnius. The Project consists of 15 separate property units with a total planned area of 1 372.62 m², while the individual houses range in size from 81.06 m² to 98.30 m². All houses will be sold with partial interior finishing. The total projected sales revenue of the Project amounts to EUR 3 063 871.
The Project is currently progressing according to plan. Construction at J. Bretkūno St. 30 and 32 has reached an advanced stage. The Real Estate Register records three buildings on each plot, each with a registered completion level of 77%, while the actual construction progress is close to the registered level. Since the previous financing stage, façade installation works have been nearly completed, roofing and stair concreting works have been completed, floors have been concreted, water connection points and underfloor heating manifolds have been installed, underfloor heating pipes have been laid, and the installation of internal partitions has begun.
No significant changes have occurred on the remaining Project plots. The plots at J. Bretkūno St. 46 and 48 have obtained building permits allowing the construction of three detached residential houses on each plot, while the plot at J. Bretkūno St. 44 still does not have a building permit. The status of these three plots has remained unchanged since the previous financing stage.
The Project is being developed in the Pilaitė district, in the western part of Vilnius, close to the Western Bypass. This is a growing residential area dominated by newly built apartment buildings, detached and semi-detached houses. The neighbourhood benefits from well-developed social and commercial infrastructure, including nearby kindergartens, schools, shopping centres and service facilities. Additional value is created by green areas, lakes and recreational spaces. Convenient access to the city centre (15–20 minutes by car) ensures the Project's attractiveness, strong property liquidity and timely sales.
Loan information:
The Loan will be repaid from the sale of the pledged property. Interest to investors will be paid from received advance payments or the Company's operating income.
Maximum planned Project financing amount: EUR 2 000 000 (EUR 518 500 has already been funded). 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 will be required, and subsequent Project financing stages will be announced and funded only if the established maximum LTV ratio is not exceeded.
The funding amount is planned to be raised within 7 days, with the possibility of extending the funding period to 30 days if the target amount is not reached.
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.
