- Experienced developer: The project owner has been operating in the real estate development market since 2019 and during this period has successfully completed 10 residential development projects with a total area of 1,250 m².
- Smooth development: The project is being developed consistently according to the planned schedule – construction works for residential houses are carried out in stages, while the completed properties are successfully sold on the market. The proceeds from sales are reinvested into the further development of the settlement, ensuring continuous project growth.
- Liquid project location: The project is being developed in an attractive and growing suburban area of Vievis, featuring convenient connections to Vilnius and Kaunas. The individual housing segment in this area remains in demand, therefore the developed property demonstrates medium-to-good liquidity and favorable sales opportunities in the market.
About the Project:
The project owner is continuing the development of a settlement of detached residential houses near the town of Vievis. The project is being developed consistently – construction and interior finishing works of residential houses are ongoing, while part of the previously developed properties have already been reserved by buyers.
At this stage, the raised funds will be used for refinancing the existing PROFITUS loan and for further development, providing the developer with additional time to continue the construction of residential houses within the settlement, settle payments with contractors and suppliers, and proceed with further district development and infrastructure improvement works.
The project is being developed in stages – after constructing and selling part of the residential houses, the generated income is reinvested into the further expansion of the settlement. The client follows the chosen development strategy and systematically carries out construction works, focusing on creating a high-quality living environment and balanced use of investments.
The settlement being developed in Vievis eldership features a convenient location and good connections to the cities of Vilnius and Kaunas. Considering the area’s prospects and the nature of the developed property, the expected realization period of the developed assets remains between 6 and 12 months.
Loan information:
The loan will be repaid from the proceeds of property sales, while interest payments will be covered from the company’s working capital or advance payments.
The maximum planned project financing amount is EUR 500,000. The project is financed based on the current valuation of the pledged asset until the established maximum Loan-to-Value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and further stages of project financing will be announced and funded only if the established maximum LTV is not exceeded.
The project stage term is 9 months, but no later than 2027-02-11.
We plan to raise the target amount within 7 days, with the possibility to extend the fundraising period up to 30 days if the funds are not fully raised.
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.
