Refinancing
The "Biciuliu Houses VIII" project from Lithuania is raising investments of 60,000 euros for Refinancing with an expected annual return of 12.8-13.8%. The minimum investment amount is 100 euros.
The loan term is 12 months, meaning the borrower has to repay the borrowed amount along with the interest within 12 months after receiving the loan.
The project's risk level on the platform is indicated as D. The platform's website states that there are 10 different risk ratings ranging from "A+" to "D". Ratings A and B suggest lower investment risk compared to investing in loans with ratings C or D, but the returns will be correspondingly lower when investing in projects with lower risk levels.
The project has a Loan-to-Value (LTV) ratio of 80%, which is within the set maximum value of 85%. The maximum permissible LTV value for the project is 85%, which may be a limitation or a standard requirement for this type of financing.
The internal project number is P00000799-8 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 information on the platform should not be construed as a recommendation, advice, or invitation to use a specific investment service and should not be considered a 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 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.
