Filleo Palanga III

The Filleo Palanga III project from Lithuania is raising investments of 49000 euros for Refinancing with an expected annual return of 11-13%. The loan term is 12 months, meaning the borrower has to repay the loan amount and interest within 12 months after receiving the loan.

The project's risk level on the platform is indicated as C+. The platform's website states that there are 10 different risk ratings ranging from "A+" to "D". Risk ratings are meant to provide a better understanding of the project's riskiness. An A or B rating indicates lower expected investment risk compared to 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 23%, which is within the established maximum value of 50%. The internal project number is P00001221-3 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 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 and also recommend approaching investing responsibly by diversifying your investments. In the countries of the European Union, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.