Latgale Apartments, Palanga

The Latgale Apartments, Palanga project from the country of Lithuania is seeking investments totaling 126,000 euros with a target annual return of 9.3%. The loan term is 12 months, meaning the borrower is expected to repay the principal amount along with the interest within a year of receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 70%, which falls within the set maximum limit of 70%. LTV restrictions are imposed to reduce risks for the lender and ensure a more stable financial position for the project. A lower LTV signifies lower default risk as the borrower has more equity in the project.

The internal project number is P00001290 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.

It is important to note that the platform specifies that this information should not be construed as a recommendation, advice, or invitation to engage in a specific investment service and should not be 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 investments responsibly by diversifying one's investment portfolio.