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Unfortunately, this deal expired 14.06.2024
14 days ago

Elfa Lofts, Naujamiestis II

/ max. 90,000 

About This Deal

The Elfa Lofts, Naujamiestis II project from Lithuania is raising investments of 90,000 euros for Real Estate development with an expected annual return of 12.5-14%. The loan term is 9 months, meaning the borrower must repay the loan amount and interest within 9 months after receiving the loan.

The project's risk level on the platform is rated C-. The platform states that there are 10 different risk ratings ranging from "A+" to "D". Ratings A and B indicate lower expected investment risk compared to investing in loans with ratings C or D, but the returns will be lower accordingly when investing in projects with lower risk levels.

The project has a Loan-to-Value (LTV) ratio of 80%, which is within the established maximum value of 80%. The internal project number is P00001245-2 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.

Please note, the platform states 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. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Act.

Hey guys, what do you think about throwing some cash into this Real Estate development project in Lithuania? Worth the investment or nah? Let me know your thoughts!
What amount are you considering for investment in this project?