The Apartments on Vaivorykstes Street, Palanga V project from Lithuania is seeking investments of 40000 euros for working capital with an expected annual return of 9.1-10.1%. The minimum investment amount is 100 euros.
The loan term is 12 months, indicating the period for the borrower to repay the borrowed amount and the 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 52%, which falls within the established maximum value of 70%. The maximum allowable LTV value for the project is 85%, which may be a restriction or a standard requirement for this type of financing. LTV limitations are set to reduce risks for the lender and ensure a more stable financial position for the project. For example, a lower LTV implies less default risk as the borrower has more equity in the project.
The internal project number is P00001238-6 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.
Please note that the platform specifies that this information 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 and also recommend approaching investments responsibly by diversifying your investments. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.
Replying to Sophia