We are supervised by:   Profitus

Frequently asked questions

1. Can I apply on the Profitus platform?

All legal entities can apply on the Profitus platform to get financing for real estate development or working capital. Fill in the application here and we will contact you.

2. When will I get an answer for funding?

We will provide the answer regarding funding as soon as possible at the self-service. When we do this, we will notify you by e-mail.

3. Can a legal entity borrow on the Profitus platform?

Yes, a legal entity may borrow on the Profitus platform. This requires the authority of the company director. The company director’s details will also need to be provided.

4. What minimum and maximum funding can I get?

We are flexible about the amount of funding. We recommend borrowing between EUR 30,000 and EUR 5 M. In any case, fill in the application here. We are sure that we will find a solution together.

5. What fees apply to the project owner?

You can find all information about the fees in the section Fees.

6. Who is eligible for funding?

Financing is available for both real estate development and working capital, but real estate mortgages are required..

7. For how long can I get funding?

The funding period is from 3 months to 6 years.

If you would like to receive funding for shorter or longer periods than mentioned above, please contact us at [email protected] or by +37063760776. We are flexible and always looking for the right solution.

8. How do I get funding?

  1. Sign up. Create your own account of your project owner/borrower on the Profitus platform.
  2. Fill in the application here. We will send you an assessment report once we have received all the documents.
  3. Get funding. In case of positive response, your project will be uploaded on the platform.
  4. Time for your ideas to come true! Don’t forget the obligations to investors.

For more information, please see „How does it work?“.

9. When will the money be transferred to my account?

The money you borrow will be transferred when we collect it from investors and you will notarize the property pledge.

10. How is my project risk assessed?

On the Profitus platform, the risk is assessed based on our internal assessment algorithm. It consists of the assessment of project owner’s creditworthiness, the project risk, and of the collateral. The score assigns project risk according to the following levels:

  • A – low risk,
  • B – medium risk,
  • C – high risk,
  • D – very high risk (we do not allow projects at this risk level).
Risk is calculated and assessed by Profitus experts with years of experience in real estate. In order to objectively assess the project, your data is checked in various registers, e.g. Creditinfo.

11. What would happen if the loan for the project was not collected in full within the allotted time?

In this case, your project would not be funded. We would like to emphasize that the likelihood of this happening is very low. In any case, you will not lose anything, as fees will only be paid once the full amount you have requested has been collected.

12. Can I (and when) terminate the funding process?

We may suspend or terminate the funding process before signing a contract with the Profitus platform. You can do this without paying any exit fee. If you want to stop the funding process at a later stage, for example, when a project is already uploaded to the platform or the fund-raising begins, you will have to pay fees to the platform and investors. All cancellation terms are described in Paragraphs 8.4-8-6 of the Service Agreement with the project owner (section “Documents” at self-service).

13. Can I repay my loan earlier than the expected repayment term?

Of course, you can repay the loan earlier, according to the terms and conditions of the loan agreement. So, borrow responsibly and think through all possible scenarios before signing the agreement.

14. When does the process of recovering collateral begin?

In the event of late payments, you will be prompted to pay as soon as possible. If you fail to comply with your obligations, we will be forced to begin the recovery process. Read more about the process here.

15. Can I extend the loan repayment term?

You can only extend the loan repayment term if this condition was previously stipulated in the loan agreement.

16. What can I pledge to secure funding?

You can pledge real estate. The maximum permissible loan-to-value (LTV) ratio is 70%.

17. What do I need to know before applying?

We recommend reading the funding terms and conditions in order to fully understand the obligations to your investors, as well as to plan your cashflow. If you have any further questions, please contact us by e-mail [email protected], or by telephone +370 63760776.

18. Why should I choose Profitus?

  • We attract funding for your project.
  • The collateral cannot be limited to own property.
  • You receive money within 1 month from the loan application.
  • We share valuable contacts.
  • We advise you how to develop the project profitably.

19. Can I submit to Profitus real estate projects developed abroad?

Currently only real estate projects developed in Lithuania can be submitted for financing. Yet, in the future, we plan to allow applications from all over the European Union.