- Experienced team: The company’s CEO has developed approximately 20 000 m² of real estate and has experience in the development of residential, commercial and conversion projects. Completed projects include “Gėlos slėnis”, Genių St. 13A, Žirmūnų St. 68, “Hetitų kvartalas” and other properties.
- Strong interest: Approximately 70% of the preliminary purchase and sale agreements for the future property have already been signed, meaning that a significant share of the future premises already have buyers.
- Attractive location: The project is being developed in the Jeruzalė district, in a strategically convenient part of Vilnius, next to Jomantas Park and close to Geležinio Vilko Street. Well-developed infrastructure, good connections to other parts of the city and ongoing real estate development in the surrounding area increase the attractiveness of the location and demand for real estate.
Interest rates based on the investment amount:
– From 100 EUR to 349 EUR – 9.30%
– From 350 EUR to 749 EUR – 9.50%
– From 750 EUR to 2 499 EUR – 9.80%
– From 2 500 EUR to 6 999 EUR – 10.10%
– From 7 000 EUR to 19 999 EUR – 10.40%
– From 20 000 EUR to 49 999 EUR – 10.70%
– From 50 000 EUR – 11.00%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The Project Owner intends to acquire non-residential premises at Ateities St. 10A, Jeruzalė, Vilnius, where approximately 120 studios and 64 basement premises are planned to be developed. The total area of the premises under development is 3 663,01 m². Following the acquisition of the property, simple repair works will be carried out and the premises will be divided into separate real estate units. The Project Owner has currently signed a preliminary property purchase and sale agreement. The acquisition price of the property is 3 150 000 EUR (excluding VAT), and an advance payment of 945 000 EUR has already been paid under the agreement.
Construction works are planned to commence immediately after the acquisition of the property, with the project expected to be completed within approximately 12 months. Notarial property purchase and sale agreements are planned to be concluded by August 2027. The total projected sales value of the project is approximately 6,5 mln. EUR.
The project has already attracted significant buyer interest – according to the data provided by the Project Owner, preliminary purchase and sale agreements have been concluded for approximately 70% of the premises in the building being acquired.
The project is being developed in a strategically convenient location in Vilnius, next to Jomantas Park and one of the city’s main transport arteries – Geležinio Vilko Street. The surrounding area has well-developed residential, retail, service and educational infrastructure, while ongoing new residential development in the surrounding areas further increases the attractiveness of the location. Good connections to other parts of the city and ongoing real estate development in the surrounding area increase the attractiveness of the location and demand for real estate.
The Project Owner’s own contribution to the acquisition and development of the property amounts to 0 EUR. The Project Owner is financing part of the property acquisition price with advance payments received from buyers and also plans to finance the project development using advance payment funds. In the Project, the Project Owner is risking future project income rather than its own funds.
Loan information:
The loan will be repaid from property sale proceeds, while interest will be paid from advance payments.
Maximum planned project financing amount: 2 053 500 EUR. The amount may be raised in stages. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and subsequent financing stages of the Project will be announced and funded only if the established maximum LTV is not exceeded.
Please note that interest for investors will start accruing once the full amount required for the acquisition, i.e. 553 500 EUR, has been raised.
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.
