Bicycle Thieves (The House of Lapino) XXX

The project Bicycle Thieves (The House of Lapino) XXX from Lithuania is raising investments in the amount of 152,100 euros with the aim of re_development and an expected annual return of 10.5-12.5%.
The loan term is 9 months, which means 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 9 months after receiving the loan.
The project has a Loan-to-Value (LTV) ratio of 60%, which is within the established maximum value of 70%. The Loan-to-Value ratio (the ratio of the loan amount to the market value of the collateral) is an important indicator in the financial sector, especially in the field of secured lending. In this case, an LTV of 60% indicates that the loan amount is 60% of the current market value of the collateral (likely real estate or another asset). Such LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position for 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 P00000744-33 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 Profitus platform and also recommend approaching investment responsibly by diversifying your investments.