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Unfortunately, this deal expired 26.06.2024
1 month ago
9

Apartments on Moliakalnio Street, Vilnius IV

70,000 
/ min. 100 

Real Estate Development

The project Apartments on Moliakalnio Street, Vilnius IV from the country Lithuania is raising investments of 70,000 euros for Real Estate development with an expected annual return of 13-14.5%. The minimum investment amount is 100 euros.

The loan term is 12 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 12 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 63%, which is within the established maximum value of 79%. The maximum allowable LTV value for the project is 85%, which may be a limitation or standard requirement for this type of financing. LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position for the project. For example, the lower the LTV, the lower the risk of default, as the borrower has more equity in the project.

The internal project number is P00001244-4 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 were able to obtain this license.

Please note that the platform states that this information should not be construed as a recommendation, indication, 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 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.

Do you guys think this project has potential for investment? It's a Real Estate development project from Lithuania
What amount do you consider suitable for investment in this project?