- Advanced construction progress: Construction of the first apartment building is significantly advanced – 29% completion has been registered, with key structural works completed (formation of window and door openings, preparation of floor support zones, installation of structural nodes, masonry sealing). Meanwhile, foundation works have already been completed for the second building – piles have been fully concreted, and grillage installation works are currently in progress, indicating active development across both buildings.
- Active demand: 6 preliminary sale–purchase agreements have already been signed, demonstrating buyer interest and confirming market demand at an early stage of construction.
- Additional security: The full loan amount is additionally guaranteed by the company’s CEO and shareholder – a private individual.
Interest rates by investment amount:
– From 100 EUR to 299 EUR – 8.00%
– From 300 EUR to 699 EUR – 8.25%
– From 700 EUR to 2 499 EUR – 8.50%
– From 2 500 EUR to 6 999 EUR – 8.75%
– From 7 000 EUR – 9.00%
Important: individual investments are not aggregated and cannot be combined.
About the Project:
In Klaipėda district, Trušeliai village, a 9-apartment building quarter “Triušelių butai” is being developed on a 1.5 ha plot. The project owner holds a 200/507 share of this land plot, corresponding to 60 ares, where 5 residential apartment buildings are planned to be developed in stages.
The funds raised under this loan will finance two apartment buildings constructed on the part of the plot owned by the developer. Both buildings will be three-storey, with a total usable area of 1 998 m². In total, 32 apartments are planned – 16 in each building. Apartment sizes will range from 34.66 m² to 95.16 m². Parking spaces planned next to the buildings will be included in the apartment sale price.
Construction works are progressing steadily. The first apartment building has already reached an advanced stage – key structural works have been completed, including formation of window and door openings according to the design, preparation of floor support zones, installation of structural nodes, and masonry joint filling to ensure airtightness.
The second apartment building has also been started. Foundation works have already been completed – piles have been fully concreted according to the design documentation. Currently, grillage installation works are underway: reinforcement framework installation, formwork setup, and preparation for concreting.
Construction works are planned to be completed within 6–9 months, with interior finishing and landscaping to be completed within an additional 2 months. Therefore, both apartment buildings are expected to be fully developed by the end of the year. Apartment sales are planned to start during construction, with an estimated sales period of 3–6 months.
At this stage, the project owner has already signed 6 preliminary sale–purchase agreements, confirming initial project liquidity and market interest. The funds raised will be used for the further development of these two apartment buildings.
Loan information:
The loan will be repaid from property sales proceeds, while interest to investors will be paid from advance payments. The total projected sales revenue of the project is 2 889 033 EUR.
Maximum planned project financing amount: 1 500 000 EUR (420 000 EUR already raised). The amount may be raised in stages. The project is financed based on the current valuation of the pledged assets until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new asset valuation must be carried out, and further financing stages of the Project will be announced and collected only if the maximum LTV is not exceeded.
The target amount is planned to be raised within 7 days, with a possibility to extend up to 30 days if the funds are not 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.