Apartments on Vaivorykstes Street in Palanga

The project "Apartments on Vaivorykstes Street in Palanga" from the country Lithuania is raising investments in the amount of 245,000 euros for Refinancing with an expected annual return of 10.2-13%. 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's risk level on the platform is indicated as B-. On the platform, projects with ratings "A+", "A", "A-" account for about 9%, projects with ratings "B+", "B", "B-" make up the majority on the platform at 58%. There are also projects with ratings "C+", "C", "C-", which are fewer at around 30%, and the remaining projects have a rating of D. Ratings A and B indicate that the expected investment risk is lower than investing in loans with ratings C or D, but the returns will be correspondingly lower if you invest in projects with a lower risk level.

The project has a Loan-to-Value (LTV) ratio of 23%, 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 P00001238 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.

Please note, 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 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.