Loans for business and real estate projects
PROFITUS provides your business with fast and efficient financing, just a few days after submitting the application. PROFITUS offers flexible financing repayment schedules and terms, as well as a simple and fast application process.
Loan types
Real estate development projects
Real estate development loans are intended for real estate development projects - acquisition of land, construction of new or started buildings, renovation of existing buildings or infrastructure works.
Business loans secured by real estate
A business loan is used to raise capital for day-to-day business expenses and operations, for business development, to purchase equipment or goods, or to cover existing liabilities, such as taxes. A business loan can also be used to refinance a project.
Real estate rental projects
Funding raised in real estate rental projects is allocated to the purchase or installation of real estate with the purpose of renting out the premises. Income is constantly generated from the rent, which covers the costs of the loan - i.e. interest is paid to investors.
Bridge loan
A short-term real estate loan that provides the necessary capital to continue a real estate project until the required completion of the project is reached, contracts are signed and long-term financing is obtained from a traditional credit institution.
Loan Calculator
LOAN AMOUNT
INTEREST RATE
TERM
I will pay for the platform
€600.00
I will pay interest on the loan amount
€1,500.00
I will get totally if I borrow for the mediation fee
€14,400.00
I will get totally if I pay the mediation fee from my own funds
€15,000.00
* The calculator is preliminary, designed to estimate possible loan interest and fees, but does not estimate possible risks.
How to get a business loan?
Basic conditions for obtaining a business loan
- We also provide business loans to small and medium-sized businesses.
- Annual loan interest from 5%.
- We provide financing up to 5,000,000 euros.
Fast and efficient financing for business
- Easy and fast application process, no hassles and no red tape.
- Stage financing of projects (effective use of funds).
- Partial interest compensation is possible, so you can recover up to 95% of the loan interest paid.
What is a business loan used for?
A business loan is used to raise capital for day-to-day business expenses and operations, for business development, to purchase equipment or goods, or to cover existing liabilities, such as taxes. A business loan can also be used to refinance a project.
Borrowing services
Application administration and evaluation
0 Eur
Contract conclusion fee (one-off)
Calculated from the collected amount, deducted from the paid amount.
2-5%
The fee is calculated based on the term of the Loan Agreement for the entire loan period (regardless of whether the loan is repaid early), which must be paid in full at once and deducted from the disbursed amount. If the loan is not repaid on time, this fee is calculated until the final repayment of the loan.
Contract administration fee (monthly)
The minimum total amount of the Contract conclusion and Contract administration fee is not less than EUR 1,300.
0,1-0,2%
The minimum total amount of the Contract conclusion and Contract administration fee is not less than EUR 1,300.
Project upload and advertising fee
500 Eur
Mortgage administration (one-off, simple transaction, less than 5 property units / more than 5 property units or non-standard transaction (asset-adjusted foreclosure, etc.)
350 Eur/500 Eur
Uploading a new project phase to the platform
100 Eur
Automatic transfer fee when investors transfer funds through the Paysera system
0,15 Eur per transaction
Contract termination fee in case of refusal of financing
It is paid in cases where the Project Owner has signed the Credit Offer, but refuses financing or does not fulfill the conditions specified in the contract (e.g. refuses/no longer pledges real estate).
3 months' interest on the financed amount, as well as Contract conclusion and Contract administration fees
Property insurance coordination service
100 Eur
Granting permission to sell, remortgage property, refinance (for each document, prepared within 5 days)
150 Eur
Issuance of urgent permission to sell, re-mortgage property (for each document, prepared within 2 days)
300 Eur
Permission for the borrower to deregister part/all of the mortgage (for each document, prepared within 5 days)
0 Eur
Urgent permission for the borrower to deregister part/all of the mortgage (for each document, prepared within 2 days)
150 Eur
Deregistration of the mortgage (creditor's unilateral transaction on the 5th)
150 Eur
Urgent mortgage de-registration (unilateral transaction by the creditor on the 2nd)
300 Eur
Changing the mortgage transaction when the transaction is signed outside of Vilnius
150 Eur
Issuance of other permits (for design, easement determination, subdivision, etc. (for each document prepared within 5 days)
150 Eur
Early repayment of the loan or its part
0-2%
Debt administration fee
A one-time fee applied to the credit recipient in the event of a delay in transferring payments related to the repayment of the Loan (Interest, Loan amount, its part, etc.). In the case of a staged project, the fee is applied to each loan schedule (stage) separately.
100 Eur
Increased interest in case of loan default
It is applied in case of default under the loan agreement. The project owner pays the tax to the Investor (the Investor pays part - half - of the tax to Profitus for the administration of the overdue loan).
+10% annual interest on weighted interest
Debt recovery fee
It is applied when the loan agreement is terminated and the recovery process is started (applying to a notary).
5% of the recoverable amount
Asset realization fee
It is applied when Profitus realizes or assists in the realization of recovered assets, calculated from the asset's realization price.
10% of the sale price of the property
Sending notices about non-fulfilment of obligations under the contract by post
10 Eur
Sending documents by post
10 Eur
Sending documents by courier
10 Eur
Frequently asked questions
1. Who can apply for a loan and how does it work?
1. Who can apply for a loan and how does it work?
Financing is only available to legal entities with a real estate mortgage. Please submit an enquiry and we will contact you to discuss your loan financing options.
2. What documents do I need to apply for a loan?
2. What documents do I need to apply for a loan?
To apply for a loan, please fill in a short application form. After submitting the application, we ask you to submit the company's financial statements for the past two years, a business plan, photographs of the director's and shareholders' personal documents, an appraisal report on the property or, if there is no appraisal report, photographs of the property and a description of the property.
3. Where can I find the data I need to file my tax report?
3. Where can I find the data I need to file my tax report?
We provide all the information to the State Tax Inspectorate and you do not have to provide this information yourself. When you declare your income, this information will already be in the STI database.
4. What fees are appied to the borrower?
4. What fees are appied to the borrower?
For full details on fees, see "Fees".
5. Can I repay the loan prematurely?
5. Can I repay the loan prematurely?
You can also repay the loan earlier, according to the terms of the loan agreement. Borrow responsibly and think through all possible scenarios before signing the contract.
6. How is the money paid to the project owner?
6. How is the money paid to the project owner?
As financial partners, we collect the funds, sign a loan agreement with the project owner, execute the mortgage and, after the mortgage has been registered, disburse the money to an account specified by the project developer.
7. Why should I choose Profitus as a financial partner?
7. Why should I choose Profitus as a financial partner?
You get your money within days of signing the loan agreement;
We can share useful contacts with you that may help you during the development of your project;
We will advise you on how to make the project profitable;
The platform does not apply EURIBOR to loans;
The platform allows you to finance your project in stages;
We provide loans up to EUR 5 million;
We do not consider project developers as debtors, but as partners with whom we always look for solutions in a benevolent way;
Financing is provided several times faster than in traditional lending institutions.
8. How fast does it take to get the funding?
8. How fast does it take to get the funding?
If we get all the information we need from the developer in time, we can expect a financing decision within a week of submitting a financing request.
