In December, the crowdfunding platform Profitus signed a financing agreement with Realco to fund the construction of exclusive villas in Spain's Málaga province, Andalusia, within the so-called "Golden Triangle."

Profitus plans to raise €1 million for each of the two projects. The first project was financed on the platform in mid-December, while the second is set to be announced to investors on the platform in the final days of December. The financing term is 12 months, with interest rates ranging from 7.5% to 9.5%.

The luxury villa projects, Ocean 11, are being developed on a 28-acre plot situated between the resorts of Marbella and Estepona. The projects include 11 high-end villas with full finishes, each covering approximately 400 square meters.

The price of a fully completed villa will be around €2.5 million. Construction began in July this year, and the work is expected to be completed by October 2025.

"With these projects, we are expanding opportunities to invest in the exclusive real estate segment. The Ocean 11 villa projects also add to the diversity of our funded projects, ranging from public to commercial buildings, now including exclusive villas in Spain. The location where these villas are being built stands out as one of the most renowned resorts in southern Spain, where the prices of some villas reach tens of millions of euros. This area is considered one of the most attractive locations in Spain for real estate investment," says Aurimas Satkūnas, Profitus Head of Investor Relations.

These projects in Spain also mark the start of operations for Profitus Country Manager Sergio Aragon Sanchez. According to him, this expansion step was carefully prepared by analyzing the local market and partners to ensure safe and effective investments that stimulate new projects and attract investors from Lithuania, Spain, and other countries.

About Profitus

The Profitus crowdfunding platform began its operations in 2018. The total amount raised has already exceeded €224 million, funding 1,549 projects, and investors have earned over €13.2 million. Since 2023, Profitus has been the market leader in annual amounts raised and growth in the number of active investors. Currently, the Profitus platform unites over 41,000 registered users, with more than 11,000 actively investing. Operations are carried out in Lithuania, Latvia, Estonia, and Spain.