Unfortunately, this deal expired 23.05.2024
1 month ago
8

Elf lofts

1,330,000 
/ min. 100 

Real Estate Investing

The Elf lofts project from the country Lithuania is raising investments in the amount of 1,330,000 euros for Real Estate acquisition with an expected annual return of 9-13%. The minimum investment amount is 100 euros.

The loan term is 9 months, meaning the period for the borrower to repay the borrowed amount and interest on the loan. In this case, the borrower must repay the loan within 9 months after receiving the loan.

The project's risk level on the platform is indicated as B. Around 9% of projects on the platform have ratings of "A+", "A", "A-", while a majority, about 58%, have ratings of "B+", "B", "B-". There are also projects with ratings of "C+", "C", "C-", comprising around 30%, and the remaining projects have ratings of D. Risk ratings are intended to provide a better understanding of the project's riskiness. An A or B rating indicates that the expected investment risk is lower than investing in loans with C or D ratings, but the returns will be correspondingly lower if you invest in projects with lower risk levels.

The project has a Loan-to-Value (LTV) ratio of 70%, which is within the established maximum value of 75%. The 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 collateralized lending. In this case, an LTV of 70% indicates that the loan amount is 70% of the current market value of the collateral (likely real estate or another asset). The maximum allowable LTV value for the project is 85%, which may be a restriction or standard requirement for this type of financing. 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 P00001241 on the licensed crowdfunding platform Profitus from Lithuania. 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 cannot 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 investment responsibly by diversifying your investments. In EU countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.

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