Apartments on Medeksines Street, Kaunas

The Apartments on Medeksines Street project from the country of Lithuania is seeking investments totaling 478,500 euros for re-acquisition with an expected annual return of 8-9.5%. The loan term is 12 months, meaning the borrower must repay the loan amount and interest within 12 months of receiving the loan. The project has a Loan-to-Value (LTV) ratio of 55%, which is within the maximum limit of 85%. The internal project number is P00001328 on the licensed crowdfunding platform Profitus from Lithuania. The platform indicates that they obtained a license in November 2023 from the European crowdfunding regulator ESMA. ESMA license is quite complex, as out of over 1000 platforms in Europe, only 150 managed to obtain this license by early 2024. 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.