Apartment on Sodu Street, Vilnius I

The Apartment on Sodu Street, Vilnius I project from Lithuania is raising investments of 110,000 euros with a target refinancing and an expected annual return of 7.5-9%. The loan term is 12 months, meaning the borrower has to repay the loan amount and interest within 12 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 76%. Such LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position for the project. A lower LTV implies less default risk as the borrower has more equity in the project.

The internal project number is P00001363 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 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 Profitus and also recommend approaching investments responsibly by diversifying your investments.

Crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law in EU countries.