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Unfortunately, this deal expired 09.07.2024
17 days ago
8

Apartments "Antakalnio ritme" VI

223,000 
/ min. 100 

Refinancing

The Apartments "Antakalnio ritme" VI project from Lithuania is raising investments in the amount of 223,000 euros for Refinancing with an expected annual return of 10-12.5%. The minimum investment amount is 100 euros.

The loan term is 6 months, which means the period for the borrower to repay the borrowed amount and the interest on the loan. In this case, the borrower must repay the loan within 6 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 58%, which is within the established maximum value of 70%. 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 58% indicates that the loan amount is 58% of the current market value of the collateral (likely real estate or another asset).

The internal project number is P00001150-7 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. 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, indication, or invitation to use a specific investment service and should not be 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 investment responsibly by diversifying your investments. In the countries of the European Union, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.

Hey guys, what do you think about investing in this project from Lithuania? The investment goal is Refinancing. Would love to hear your thoughts on it!
What amount do you think is reasonable to invest in this project?