House on Kojelaviciaus Street, Vilnius II

The project House on Kojelaviciaus Street, Vilnius II from Lithuania is raising investments in the amount of 55300 euros for Real Estate development with an expected annual return of 10-12%. The loan term is 15 months, meaning the period for the borrower to repay the principal and interest on the loan. In this case, the borrower must repay the loan within 15 months after receiving the funds.

The project has a Loan-to-Value (LTV) ratio of 54%, which is within the established maximum value of 70%. The maximum allowable LTV value for the project is 85%, which may be a restriction or a standard requirement for this type of financing.

The internal project number is P00001200-2 on the licensed crowdfunding platform Profitus from Lithuania. The platform states that they obtained a license in November 2023 from the European crowdfunding regulator ESMA. The ESMA license is quite complex, as out of over 1000 platforms in Europe in early 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 platform and also recommend approaching investing responsibly by diversifying your investments. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.