Apartment on Virsuliskiu street, Vilnius

The project "Apartment on Virsuliskiu street, Vilnius" from Lithuania is seeking investments of 74800 euros for Real Estate acquisition with an expected annual return of 9-11%.
The loan term is 9 months, meaning the period for the borrower to repay the borrowed amount and interest on the loan. In this case, the borrower must repay the loan within 9 months after receiving the loan.
The project has a Loan-to-Value (LTV) ratio of 75%. The Loan-to-Value ratio (the ratio of the loan amount to the market value of the collateral) is an important indicator in the financial sector, especially in the field of secured lending. In this case, an LTV of 75% indicates that the loan amount is 75% of the current market value of the collateral (likely real estate or another asset).
The internal project number is P00001267 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 investing responsibly by diversifying your investments.