Lofts on Kalvariju Street, Vilnius III

The project Lofts on Kalvariju Street, Vilnius III from the country Lithuania is raising investments in the amount of 69,000 euros for Real Estate development with an expected annual return of 9-11%. The loan term is 12 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 12 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 68%, which is within the established maximum value of 75%. The Loan-to-Value ratio (the ratio of the loan amount to the market value of the collateral) is an important indicator in the financial sector, especially in the field of secured lending. In this case, an LTV of 68% indicates that the loan amount is 68% of the current market value of the collateral (likely real estate or another asset).

The internal project number is P00001253-3 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, the platform specifies that this information should not be construed as a recommendation, indication, or invitation to use 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 the Profitus platform and also recommend approaching investments responsibly by diversifying your investments.