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Unfortunately, this deal expired 10.05.2024
21 days ago

Pine Grove Freshness Apartments VI

/ max. 109,500 

About This Deal

The Pine Grove Freshness Apartments VI project from Lithuania is raising investments of 109,500 euros for Real Estate development with an expected annual return of 10.9-11.9%. 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's risk level on the platform is rated as C+. An A or B rating indicates lower expected investment risk compared to investing in projects with C or D ratings, but the returns will be lower accordingly if investing in projects with lower risk levels.

The project has a Loan-to-Value (LTV) ratio of 42%, which is within the maximum value of 70%. LTV ratio (the ratio of the loan amount to the market value of the collateral) is an important indicator in the financial sector, especially in collateral-based lending. In this case, an LTV of 42% indicates that the loan amount is 42% 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 may be a restriction or standard requirement for this type of financing.

The internal project number is P00001192-6 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.

Please note that the information on the platform 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 investments responsibly by diversifying your investments.

Hey guys, what's your take on putting money into this project? I'm a bit green when it comes to investing, especially in Real Estate development projects from Lithuania
What amount do you consider acceptable to invest in this project?