Apartments on Vanagupes Street, Palanga VI

The project Apartments on Vanagupes Street, Palanga VI from the country Lithuania is raising investments in the amount of 271,550 euros for re_development with an expected annual return of 9.4-10%. The loan term is 12 months, meaning the period for the borrower to repay the loan amount and interest. 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 67%, which is within the maximum value of 85%. LTV ratio (the ratio of the loan amount to the market value of the collateral) is an important indicator in the financial sector, especially in secured lending. In this case, an LTV of 67% indicates that the loan amount is 67% of the current market value of the collateral (likely real estate or another asset).

The internal project number is P00001326-6 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.

Please note, 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 the Profitus platform and also recommend approaching investing responsibly by diversifying your investments.