Apartment on Petesos street, Vilnius

The project "Apartment on Petesos street, Vilnius" from the country Lithuania is raising investments in the amount of 273,000 euros with the goal of refinancing and an expected annual return of 8.5-9.5%. 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 68%, which is within the established maximum value of 68%. LTV ratio (the ratio of the loan amount to the market value of the collateral) is an important indicator in the financial sector, especially in secured lending. In this case, an LTV of 68% indicates that the loan amount is 68% of the current market value of the collateral (likely real estate or another asset). Such 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 internal project number is P00001317 on the licensed crowdfunding platform Profitus from Lithuania. The ESMA license is quite complex, as out of over 1000 platforms in Europe at the beginning of 2024, only 150 managed to obtain this license.

Please note that the platform specifies that this information 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 the Profitus platform and also recommend approaching investments responsibly by diversifying your investments. In the European Union, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.