- 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 company is currently developing additional real estate projects that generate revenue streams, contributing to financial stability and demonstrating the developer’s expertise.
- Construction progress: The registered completion level of the buildings located at J. Bretkūno St. 30 and 32 has reached 77%. Since the previous stage, façade works have been completed, the surrounding area has been improved, and access has been installed. The plots of Stage II at J. Bretkūno St. 46 and 48 have already been prepared for the start of construction, and materials for the foundations have been ordered.
- 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 areas support strong demand for residential property and property liquidity.
Interest rate based on investment amount:
– From EUR 100 to EUR 299 – 8.70%
– From EUR 300 to EUR 699 – 8.90%
– From EUR 700 to EUR 1,999 – 9.10%
– From EUR 2,000 to EUR 4,999 – 9.40%
– From EUR 5,000 to EUR 9,999 – 9.70%
– From EUR 10,000 – 10.00%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner is successfully continuing the development of a residential quarter of terraced single-family 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 are planned to be sold with partial interior finishing. The projected total sales revenue of the project amounts to EUR 3,063,871.
The project is progressing smoothly and according to schedule. Three buildings have been registered in the Real Estate Register on each of the plots at J. Bretkūno St. 30 and 32, with a registered completion level of 77%, while the actual construction completion is close to the registered level. Since the previous financing stage, all façade installation works have been fully completed, the soil has been filled and levelled, and paving stones have been installed within the Stage I area. A crushed-stone access road serving Stages I and II of the project has also been completed.
Preparations are now underway for the construction of Stage II. The plots at J. Bretkūno St. 46 and 48 have been levelled and prepared for the start of construction, and the materials required for foundation works have already been ordered. Building permits have been issued for both plots, with three detached residential houses planned on each plot. A building permit for the plot at J. Bretkūno St. 44 has not yet been issued.
The funds raised during this stage will be used for the continued financing of the project, providing the Project Owner with additional time to develop the project according to the planned construction schedule.
The project is being developed in the Pilaitė district, in the western part of Vilnius, near the western bypass. This is a rapidly expanding area dominated by newly built apartment buildings, detached houses, and terraced residential houses. The area benefits from well-developed social and commercial infrastructure, with kindergartens, schools, shopping centres, and service facilities located nearby. Green spaces, lakes, and recreational areas provide additional value. Convenient access to the city centre, approximately 15–20 minutes by car, further contributes to the attractiveness and liquidity of the property.
Loan information:
The loan will be repaid from the proceeds generated by the sale of the pledged property. Interest to investors will be paid from advance payments received or from the company’s operating income.
The maximum planned Project financing amount is EUR 2,000,000 (EUR 788,500 already raised). The scheduled maturity date of the project loan agreement is 7 October 2027. Funds for the project may be raised in stages, while the duration of this financing stage is 12 months. 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, and further Project financing stages will only be launched and funded 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 required amount is 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.
