- Construction progress: The construction of the second apartment building is at an advanced stage and progressing rapidly. The main structural works have been completed, the roof has been installed and insulated, windows have been installed, and the main engineering systems are in place. Since the beginning of 2026, interior works have been actively carried out, including installation of engineering systems, masonry, plastering, floor concreting, drywall installation, as well as façade and skylight installation.
- Smooth sales progress: Sales remain active – 12 out of 19 apartments in the second building have been preliminarily sold. In total, 1,748.42 m² have been sold and/or preliminarily sold across the project, representing approximately 79.12% of the total sellable area.
- Experience with PROFITUS: The project owner, in cooperation with PROFITUS, has successfully completed 2 projects.
Interest rates depending on investment amount:
– From 100 EUR to 349 EUR – 8.50%
– From 350 EUR to 749 EUR – 8.75%
– From 750 EUR to 2 999 EUR – 9.00%
– From 3 000 EUR to 9 999 EUR – 9.25%
– From 10 000 EUR – 9.50%
Important: individual investments are not cumulative and cannot be combined.
About the Project:
The project owner continues the development of a multi-apartment residential project on a land plot owned by title, located at Žeimenos g. 149, Kaunas. The project consists of two seven-storey A++ energy class residential buildings with a total of 38 apartments and 40 parking spaces. The total project area is approximately 2,428 m², of which the sellable area is 2,209.74 m².
The first apartment building has been fully completed and all 19 apartments have been sold with notarized purchase-sale agreements. The construction of the second building is actively ongoing. The main structural works have been completed, the roof has been installed and insulated, windows have been installed, and the main engineering systems are in place. Interior installation and façade works are in progress. Since January 2026, significant works have been completed: installation of plumbing, heating, ventilation and electrical systems on the 6th–7th floors, masonry, plastering, floor concreting and drywall installation works, as well as installation of a ventilated façade and skylights.
Sales remain active. In the second building, 12 out of 19 apartments have been preliminarily sold (618.56 m² out of 1,079.88 m²), with preliminary purchase-sale agreements signed. In total, 1,748.42 m² have been sold and/or preliminarily sold across the entire project, representing approximately 79.12% of the total sellable area.
At this stage, the funds being raised will be used to refinance two existing PROFITUS loans, providing the project owner with additional time to complete development works and finalize sales.
Loan information:
This loan will be repaid from the proceeds of the sale of the pledged assets, while 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: 1,115,011.03 EUR). The project is financed based on the existing valuation of the pledged assets until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new asset valuation must be performed, and further financing stages will only be announced and collected if the established maximum LTV is not exceeded.
Planned stage term: 7 months, but no later than 2026-10-16.
The targeted amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if the amount is 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.
