Multifamily Tolimosios street, II

The Multifamily Tolimosios street, II project from Lithuania is seeking investments of 120,000 euros for Refinancing with an expected annual return of 11-13%. 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 59%, which falls within the maximum limit of 70%. The maximum allowable LTV for the project is 85%, which may be a restriction or standard requirement for this type of financing. LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position for the project. For example, a lower LTV reduces the risk of default as the borrower has more equity in the project.

The project's internal number is P00001246-2 on the licensed crowdfunding platform Profitus from Lithuania. The ESMA license is quite complex, as out of over 1000 platforms in Europe by 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 investments responsibly by diversifying your investments.