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  • The pooled funds will be used to refinance the second construction phase of the „J7 berzas“ project;
  • The mortgaged property is located in Monciskes settlement, 12 kilometres from Palanga city centre and about 1 kilometre from the sea. The area is dominated by individual residential houses and recreational buildings. The neighbourhood has all the city communications;
  • The owner of the project has developed about 9 000 square metres of real estate projects.

About the project owner:
In 2022, UAB „Ritata" successfully implemented the „J7" real estate project on the Profitus platform. In almost four months, the Profitus investor community raised EUR 2 973 000 for the project and investors earned EUR 180 000.

Project objective:
The project owner will use the funds raised to refinance the loan for the second construction phase of the „J7" project. The phase consists of 10 identical semi-detached houses, each with 48-71 square metres of apartments. The total investment in the development of this phase is planned to be around EUR 2 000 000 and the apartments are to be sold for EUR 145 000 each. At present, 5 preliminary sales contracts have been signed for a total value of EUR 725 000. The total sales revenue for the second phase of the development is estimated at EUR 2 900 000. More information about the project can be found here.

Interest by investment amount:
– From EUR 100 to EUR 499 – 11.2%
– From EUR 500 to EUR 1 499 – 11.7%
– From EUR 1 500 to 2 999 – 11.95%
– From EUR 3 000 – 12.2%
Important: Individual investments are not aggregated and cannot be combined.

We expect to raise the amount within 7 days, with the possibility of extending it to 21 days if the funds are not raised.

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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