- Experienced Developer: The project owner is a construction company operating since 2015, with significant experience in developing residential, commercial, and administrative projects. Over the course of its operations, the company has completed more than 10 projects with a total area exceeding 35,000 m². The company has collaborated with well-known real estate developers in Lithuania, such as “Eika”, “Hanner”, etc., and has contributed to a variety of projects – from residential quarters to hotels and commercial developments and renovations.
- Liquidity: The project is being developed in Vilnius, in the Gulbinai district, where stable demand for residential real estate is maintained. Similar types of residential projects are being developed in this area, and the planned infrastructure expansion (educational and commercial facilities) contributes to the attractiveness of the location. The expected property sales period is up to 9 months.
- Phased Development: The project is being developed in stages, constructing several semi-detached houses at a time. This model allows for structured planning of construction works, more efficient cash flow management, and reduced project execution risk. In addition, phased development provides flexibility to adjust the project progress and sales strategy depending on market conditions.
Interest rates based on investment amount:
– From 100 EUR to 349 EUR – 8.00%
– From 350 EUR to 749 EUR – 8.20%
– From 750 EUR to 2 499 EUR – 8.40%
– From 2 500 EUR to 7 499 EUR – 8.60%
– From 7 500 EUR – 8.80%
Important: individual investments are not cumulative and cannot be combined.
About the Project:
“Spyglio namai” is a modern residential housing development in Didieji Gulbinai, Vilnius, where 9 semi-detached houses (18 units in total) are planned. Each unit will be approximately 140 sq. m and finished to full completion. The design includes solutions aimed at increasing privacy and comfort – semi-detached houses are connected at an angle to create more separated terraces, and the project is planned as a gated community with controlled access.
The project will be developed in stages, constructing 2–3 semi-detached houses at a time. Construction is planned to start in Q2 2026, with full completion by 2029. Sales are expected to begin in Q4 2026.
In the first phase, the project is planned to be developed on 2–3 plots. On five plots pledged at this stage, the developer holds building rights and can carry out construction. Although the plots belong to a third party, agreements have been signed allowing their use for the project. At the same time, a condition is set that these plots must be sold in the future at a price not exceeding EUR 10,000 per are, with the proceeds transferred to the owner.
In the second phase, it is planned to acquire an additional four plots to expand the квартal. These plots will also be pledged and will serve as additional collateral for further financing; however, they will belong to the project owner, and upon sale, the condition of not exceeding EUR 10,000 per are will not apply.
The project is being developed in Gulbinai – a rapidly growing part of Vilnius characterized by low-rise residential development, with Gulbinas lake located nearby. According to city development plans, further infrastructure expansion is expected, which will increase the attractiveness of the area over time. Distance to the city center is approximately 13 km.
At this stage, the raised funds will be used for land acquisition.
Loan information:
The loan will be repaid from proceeds of the asset sale or through refinancing, while interest to investors will be paid from advance payments or the company’s working capital.
Maximum financing amount: 4 200 000 EUR. The project is financed based on the current valuation of the pledged assets until the maximum Loan-to-Value (LTV) ratio is reached. Upon reaching the maximum LTV, a new asset valuation must be performed, and further financing stages will be announced and carried out only if the maximum LTV is not exceeded.
The fundraising target is planned to be reached within 7 days, with a possibility to extend up to 30 days if the amount is not fully collected.
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.
