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Unfortunately, this deal expired 25.10.2024
19 days ago
8

Apartments on Moliakalnio Street, Vilnius VI

300,000 
/ min. 100 

Crowdfunding

The project Apartments on Moliakalnio Street, Vilnius VI from the country Lithuania is raising investments in the amount of 300,000 euros for re_development with an expected annual return of 8.6-10.6%. The minimum investment amount is 100 euros.

The loan term is 12 months, which means 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 56%, which is within the established maximum value of 85%. 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 P00001226-6 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 cannot 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.

Hey guys, what's your take on investing in this project from Lithuania? I'm looking to boost my savings and wondering if re_development is worth it
how much would you be willing to invest in this project if the situation allows?