- Construction progress: The construction of the second apartment building has reached a significant stage – the actual completion level is around 59%, the structural part has been completed, windows have been installed, and engineering systems and façade finishing are being carried out.
- Smooth sales progress: Approximately 65.84% of the project's total sellable area has already been sold or preliminarily sold.
- Experience with PROFITUS: The project owner has successfully completed 2 projects through the PROFITUS platform.
Interest according to 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: separate investments are not added together and cannot be combined.
About the Project:
The project owner continues the development of a multi-apartment residential project on a land plot owned at Žeimenos St. 149, Kaunas. The project consists of two seven-storey apartment buildings with a total area of approximately 2 428 m², of which the sellable area is 2 209.74 m². A total of 38 apartments and 40 parking spaces are planned, and both buildings will meet A++ energy performance class. The first building has been completed in terms of sales – all 19 apartments formed in it have already been sold through notarised transactions.
The second building has reached significant progress – the actual completion level is around 59%. The main structural works are completed (walls up to the 5th floor, stairwell and elevator shaft up to the 7th floor, slabs, roof structure), windows are installed. Water, sewage, and electricity systems are installed on all floors except the 6th–7th floors, while heating system installation and floor concreting are underway on the 2nd–4th floors. The building has been insulated, and façade finishing with ceramic panels has begun.
A total of approx. 1 237 262 EUR has been invested into the construction of the second building (including the land). Out of 19 apartments, 7 are preliminarily sold; preliminary purchase–sale agreements have been signed. A total of 325.04 m² of 1 079.88 m² of sellable area (apartments with parking spaces and storage rooms) has been preliminarily sold.
In the entire project, a total of 1 454.90 m² has been sold and/or preliminarily sold, which is about 65.84% of the total sellable area.
Loan information:
This loan will be repaid from the proceeds of the sale of the mortgaged property, and interest to investors will be paid from the project owner's operating income.
Maximum planned project financing amount: 3 300 000 EUR (current active portfolio 766 811.03 EUR). The project is financed according to the current valuation of the pledged property until the maximum LTV ratio is reached. Once the maximum LTV is reached, a new valuation must be performed, and further financing stages will only be launched if the set LTV limit is not exceeded.
The planned stage term is 11 months, but no longer than 2026-10-16.
The amount to be raised is planned to be collected within 7 days, with the possibility to extend up to 30 days if the funds are 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.