Key advantages of the project

• Experienced partner: The project owner’s group of companies has successfully implemented more than 143 000 m² of residential projects in Vilnius, Kaunas, Druskininkai, and Nida, proving its reliability and expertise in the real estate market.
•  Liquidity: The project is being developed in the central part of Druskininkai, where the advantages of both the location and unique facilities ensure the attractiveness of the apartments and increase their sales potential.
• Active demand: Over the past year, a total of 198 apartments out of 372 have been sold, accounting for 53.23% of the total number of apartments for sale.

Interest rates by investment amount:
– From 100 EUR to 349 EUR – 7.50%
– From 350 EUR to 749 EUR – 7.80%
– From 750 EUR to 2 499 EUR – 8.10%
– From 2 500 EUR to 7 499 EUR – 8.40%
– From 7 500 EUR to 24 999 EUR – 8.70%
– From 25 000 EUR – 9.00%
Important: separate investments are not cumulative and cannot be combined.

About the Project:
In Druskininkai, on Liepų Street, a former sanatorium is being transformed into a modern real estate project “Nemunas by CITUS”. The complex consists of two buildings – A and B – with a total of 372 apartments and a significant share of commercial spaces. B building, with 176 planned apartments, is already nearing completion. A building, with 196 planned apartments, is now starting reconstruction; 178 apartments in this building are pledged as collateral.

So far, 198 apartments in both A and B buildings have been sold or pre-sold, demonstrating active buyer interest in the project. In the pledged part of A building, 57 apartments and one commercial unit have already been realized, which accounts for about 22.44% of the total pledged area.

The project also includes commercial premises on the ground floor (restaurants, bakeries, gyms, SPA centers, etc.), parking lots, and exclusive communal spaces – a rooftop pool, water and sauna areas, an outdoor cinema, co-working and business facilities. In total, A building has 6 438.20 m² of apartment space (178 units) and 1 304.78 m² of commercial space (11 units), while the projected sales revenues of the entire project amount to about EUR 16 million (excluding VAT).

The project is being developed through reconstruction, aiming to modernize the existing building and adapt it to contemporary leisure and work needs.

At this stage, the funds raised will be allocated to the company’s working capital.

Loan Information:
The loan will be repaid from the sales revenues of the developed real estate, while interest to investors will be paid from advance payments.

The maximum planned financing amount is EUR 5 000 000 (EUR 700,000 already raised). The project is financed according to the current appraised value of the pledged property until the set maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and further financing stages will only be announced and raised if the set LTV ratio is not exceeded.

The estimated duration of the stage is 13 months, but no longer than October 29, 2026.

The targeted amount is planned to be raised within 7 days, with the possibility of extending the period up to 30 days if the funds are not fully collected.

Early return rules

*Note: The project owner may repay part or all of the loan before the specified deadline, but the total interest paid must be at least 3 months. Except in cases where the project duration is shorter than 3 months.

Technical information

Number of assets

1

Area of object

9 941,81 m²

Project location description

The project is located at Liepų St. 1, Druskininkai, in the central part of the city, where the main resort attractions and services are concentrated. Its convenient location allows easy access within minutes on foot to the Druskininkai water park, sanatoriums, SPA centers, restaurants, and shops. The surrounding area is rich in green spaces, parks, and walking trails that provide a true resort atmosphere. This location ensures the project’s attractiveness for permanent living as well as for short- or long-term rental, combining the advantages of urban infrastructure with the proximity of nature.

Securities

As a security measure to protect investors’ interests, the pledged collateral consists of non-residential premises – apartments with a total area of 9 941.81 m², 15 364/21 513 share of the land plot, a pergola, pedestrian walkways, parts of two parking lots, and a paved area, located at Liepų g. 1-101 and Liepų g. 1, Druskininkai.

When investing in this Project, during the second and subsequent financing stages, the invested funds will be repaid to Investors only after settlements have been made with the Investors who participated in earlier financing stages. This condition does not affect the Investor’s priority rights to the Collateral, nor the overall ratio between the Collateral and the total amount of Investments. This condition also does not apply in the event of termination of the Loan Agreement.

Independent appraiser

UAB "Centro kubas-nekilnojamasis turtas"

The value of the mortgaged property without VAT

€8,216,847.00

Financial information

Owner

Type

Company

Name

UAB "Arinela"

Code

305683161

Address

Lvivo st. 25-701, Vilnius, Lithuania

Description

This project is being developed by UAB "Arinela", which belongs to the successful project management group UAB "CITUS". Over more than a decade, the group has implemented more than 143,500 m² of residential and commercial projects. The group has successfully completed at least 6 projects financed through a crowdfunding platform, as well as smaller-scale projects with a total area exceeding 5,000 m².
UAB "CITUS" specializes in the development of residential and commercial properties, distinguished by high project implementation quality and innovative solutions. It is a reliable market player with a strong reputation and long-standing experience in the real estate sector. 

The ultimate beneficiary of the Project owner is also a shareholder of UAB “Profitus Crowdfunding”, Mindaugas Vanagas. In order to ensure transparency, fairness, and the prevention of conflicts of interest, UAB “Profitus Crowdfunding” declares that the decision to finance this Project was made in accordance with the company’s internal procedures, regulations, and legal requirements, ensuring an impartial and objective evaluation process. M. Vanagas does not participate in any decision-making, credit risk assessment, financing approval, or other operational processes related to this Project. He has not entered into any employment, service, or other agreements with UAB “Profitus Crowdfunding” that could influence financing decisions. His role is limited solely to the ownership of the company’s shares.

Executive

Kęstutis Grigaliūnas

Established at

2021-01-15

Risk category

4.71% - 5.7%