Real Estate Development
The Pine Grove Fresh Apartments II project from the country of Lithuania is seeking investments amounting to 100,000 euros for Real Estate development with an expected annual return of 10.9-11.9%. The loan term is set at 12 months, which signifies the period for the borrower to repay the borrowed amount along with the loan interest within 12 months after receiving the loan. The project's risk level on the platform is indicated as C+.
The project has a Loan-to-Value (LTV) ratio of 11%, which falls 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 asset-backed lending. In this case, an LTV of 11% suggests that the loan amount is 11% of the current market value of the collateral (likely real estate or another asset). The maximum allowable LTV value for the project is 85%, which could be a constraint or standard requirement for this type of financing.
The internal project number is P00001192-2 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 at the beginning of 2024, only 150 managed to acquire this license.
Please note, the platform specifies that this information should not be construed as a recommendation, advice, or invitation to utilize a specific investment service and should not be considered a 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 your investment portfolio.
