Apartment on Kuosu Street, Klaipeda

The "Apartment on Kuosu Street, Klaipeda" project from Lithuania is seeking investments of 261,800 euros for re-acquisition with an expected annual return of 8.6-10.6%. The loan term is 12 months, meaning the borrower must repay the loan amount and interest within 12 months after receiving the loan. The project has a Loan-to-Value (LTV) ratio of 76%, which is within the maximum limit of 85% set for the project. The maximum allowable LTV value for the project is 85%, which may be a restriction or standard requirement for this type of financing. LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position for the project. For example, a lower LTV implies less default risk as the borrower has more equity in the project.

The project's internal number is P00001348 on the licensed crowdfunding platform Profitus from Lithuania. The platform states that they obtained a license in November 2023 from the European crowdfunding regulator ESMA. Please note that the information on the platform should not be construed as a recommendation, advice, or invitation to use a specific investment service and is not considered the basis or part of subsequent transactions. Investing always carries the risk of losing part or all of the investments. I agree with Profitus platform and also recommend approaching investments responsibly by diversifying your investments. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.