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Unfortunately, this deal expired 27.06.2024
29 days ago

Faustina House XIV

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Real Estate Development

The Faustina House XIV project from Lithuania is raising investments in the amount of 46000 euros for Real Estate development with an expected annual return of 9.2-11.2%. 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 has a Loan-to-Value (LTV) ratio of 56%, which is within the established maximum value of 70%. The maximum allowable LTV value for the project is 85%, which may be a limitation or a standard requirement for this type of financing. 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 P00000946-15 on the licensed crowdfunding platform Profitus from Lithuania. The ESMA license is quite complex, as out of over 1000 platforms in Europe by early 2024, only 150 managed to obtain this license.

Please note that the platform specifies that this information 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.

Hey guys, what's your take on what makes this project a hot pick for investors? Looking to create some passive income from Cyprus through investing in Real Estate development from Lithuania
What amount are you considering to invest in this project?