CITUS City Chords II

The CITUS City Chords II project from Lithuania is raising investments of 190,000 euros for re-development with an expected annual return of 7.3-8%. 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 35%, which is within the maximum limit of 75%. LTV ratio is an important financial indicator, especially in asset-backed lending, showing the loan amount as a percentage of the collateral's market value. A lower LTV reduces the risk of default as the borrower has more equity in the project. The internal project number is P00001426-2 on the licensed crowdfunding platform Profitus from Lithuania. The ESMA license is complex, with only 150 out of over 1000 platforms in Europe having obtained it by early 2024. It is important to note that the information on the platform should not be construed as a recommendation, advice, or invitation to use a specific investment service and does not form the basis 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 investment portfolios.