Houses Vanagu aklg., Vilnius dist. II

The project Houses Vanagu aklg., Vilnius dist. II from Lithuania is seeking investments of 129,000 euros for re_development with an expected annual return of 8%. The loan term is 12 months, meaning the borrower must repay the loan amount and interest within 12 months of receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 72%, which falls within the maximum value of 85% set for the project. The maximum allowable LTV value for the project is 85%, which may be a restriction or standard requirement for this type of financing.

The internal project number is P00001381-2 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. 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 Profitus platform 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 Act.