Refinancing
The Pieniu Apartments project from Lithuania is raising investments in the amount of 122,300 euros for refinancing with an expected annual return of 11.9-13.9%. The minimum investment amount is 100 euros.
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's risk level on the platform is indicated as C+. An A or B rating indicates that the expected investment risk is lower than when investing in loans with a C or D rating, but the return will be lower accordingly if you invest in projects with a lower risk level.
The project has a Loan-to-Value (LTV) ratio of 53%, which is within the established maximum value of 70%. 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 collateralized lending. In this case, an LTV of 53% indicates that the loan amount is 53% of the current market value of the collateral (likely real estate or another asset).
The internal project number is P00001193 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 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 investment responsibly by diversifying your investments.
