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Unfortunately, this deal expired 08.07.2024
18 days ago

Apartments on Raisiu Street, Vilnius II

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Real Estate Crowdfunding

The project Apartments on Raisiu Street, Vilnius II from the country Lithuania is raising investments in the amount of 91000 euros for Real Estate development with an expected annual return of 9-11%. The loan term is 6 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 6 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 54%, which is within the established maximum value of 70%. Such LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position of 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 P00001248-2 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, the platform specifies 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.

What do you think are the key indicators that make this project worth considering for investment, especially in terms of Real Estate development in Lithuania?
Are you open to considering investing some funds in this project?