- Construction progress: Over approximately 3.5 months, around 26.1% of the construction works have been completed, with approximately EUR 389,000 (excl. VAT) invested in construction. Ground floor slabs have been poured for all five houses, floor slabs have been installed in Houses A and B, and façade masonry has been completed on three of the houses. Works are progressing simultaneously on all five houses.
- Significant own contribution: The project owner has invested 650,000 EUR of its own funds in the project.
- Presales: Since the start of presales, 3 out of 5 villas have been reserved, with a total value of 1 880 000 EUR (including VAT). The reserved villas account for approximately 60% of the project's expected sales revenue.
- Experienced developer: The project owner has completed 3 residential and 1 commercial project with a total area of approximately 3,000 m².
Interest Rate by Investment
Amount:
– From 100 EUR to 349 EUR – 10.00%
– From 350 EUR to 749 EUR – 10.25%
– From 750 EUR to 1 999 EUR – 10.50%
– From 2 000 EUR to 6 999 EUR – 10.75%
– From 7 000 EUR to 34 999 EUR – 11.00%
– From 35 000 EUR to 49 999 EUR – 11.50%
– From 50 000 EUR – 12.00%
Important:
separate investments are not summed and cannot be combined.
About the Project:
The
project owner, Urbanitor S.L., is developing a project of five modern villas
with a total area of 892 m² in the La Cañada residential area of Paterna
(Valencia, Spain). Four villas are single-storey, and one is split-level.
Construction was planned to start around January 2026; however, the building permit was issued later than expected, on 23 July 2026, and works started immediately afterwards. As a result, project completion has been postponed from December 2026 to April–May 2027.
Since the previous stage, earthworks, site preparation and foundation works have been completed on the project. Footings, levelling concrete, reinforced concrete block walls and their waterproofing have been completed for all five houses. Ground floor slabs have been poured in all houses, and terrace paving remains outstanding. Floor slabs are complete in Houses A and B. In House C, the only two-storey unit, floor slab works are approximately 50% complete, while in Houses D and E they are still pending. Drainage and sewerage works are approximately 70% complete. Façade masonry in ceramic Termoarcilla blocks is complete in Houses A, B and E. In House D approximately 85% of the works have been completed, and in House C approximately 50%, where they are progressing alongside the remaining floor slab. A permanent water connection has been installed and is in service for House B, and a permanent 20 kW electricity supply has been installed and is in service on site.
The project owner’s own funds contribution has increased from 380,000 EUR to 650,000 EUR.
Presales began in August 2026. To date, 3 villa reservations have been secured, with a total value of 1 880 000 EUR (including VAT), and advance payments of 188 600 EUR have been received, representing 10% of the reserved villas' value. The reserved villas account for approximately 60% of the project's expected sales revenue, and their total sales value covers the full maximum loan amount provided by PROFITUS investors. The remaining 2 villas are being actively marketed and viewed by potential buyers.
The funds raised will be used for the continued financing of the project, providing the project owner with additional time to continue construction works.
Loan Information:
The loan
will be repaid from the proceeds of the villa sales, while interest to
investors will be paid from the company’s working capital.
The project
loan agreement is scheduled to end on 29 October 2027. Funds for the project
may be raised in stages; the duration of this funding stage is 6 months.
The maximum planned project financing amount is 1,800,000 EUR, of which 627,220 EUR has already been raised.The project is financed based on the current valuation of the pledged property until the set maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV is reached, a new property valuation will have to be carried out, and further funding stages will be announced and raised only if the set maximum LTV is not exceeded.
We plan to raise the amount within 7 days, with the option to extend up to 30 days if the funds are not 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.
