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This deal expires on 17.07.2025
14 hours ago
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Apartments on Vanagupes Street, Palanga IV

259,135 
/ min. 100 

Crowdfunding

The Apartments on Vanagupes Street, Palanga IV project from Lithuania is seeking investments of 259,135 euros for re_development with an expected annual return of 8.7-9.7%. The loan term is 12 months, meaning the borrower must repay the loan amount and interest within 12 months of receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 46%, which falls within the maximum limit of 85%. The maximum allowable LTV for the project is 85%, which may be a restriction or standard requirement for this type of financing. LTV limits are set to reduce risks for the lender and ensure a more stable financial position for the project. A lower LTV reduces the risk of default as the borrower has more equity in the project.

The internal project number is P00001326-4 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. 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 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 Profitus platform and also recommend approaching investments responsibly by diversifying your investments.

Hey guys, what do you think about diving into this re_development project from Lithuania? Why do you reckon it's worth considering for boosting our financial flow significantly? Let's discuss the potential here!
What investment amount are you considering for this project?