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Loan for real estate development – „The new seaside“ III stage. The company is developing 51 residential houses on the seaside. At this stage, the company will use the borrowed funds for environmental management and development of 4 demonstration houses with full finishing. The developer has signed reservation agreements for three houses, sales are worth 390 000 Eur. „The new seaside“ is a completely new quarter of houses for living and recreation with the use of environmentally friendly “green” energy, located in the calm resort town of Sventoji, on Elijos Street, just 1 kilometer or 15 minutes walk to the sea . This is a complex of houses designed on a land plot of 9 hectares. 72 sq. m and 126 sq. m houses are being developed in this project, with full or partial housing decoration. Each house will be equipped with a solar power plant (solar panels integrated on the roof). The architecture will prevail in the whole quarter, each house will have a private plot of land and its own terrace. All engineering networks are planned: water supply, domestic sewage, electricity. The environment and infrastructure have been arranged: paved streets, street lighting, pedestrian and bicycle paths. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded. For those who invest more than EUR 5,000 +1%, and from EUR 50,000 + 2% of annual interest. For more information, please call +370 637 60 776 or write by e-mail info@profitus.lt. For all investors, real estate is mortgaged with a primary mortgage. We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds. Learn more about this project: www.naujasispajuris.lt

About the Profitus

ECSP license
Profitus Verified platform

Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros, secured by real estate or warranty. It operates 24/7 and collaborates with Paysera, Trustly, and Creditinfo.

Minimum investment
100 EUR
Advertised return
10.36%
Investors
33,404
Payment options
Direct debit, Bank transfer
Total funding volume
126,833,230 EUR
Average loan duration
N/A
What does Profitus offer?

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. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.

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