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Unfortunately, this deal expired 15.07.2024
11 days ago
8

The House of Bicyclists (The House of Lapinas) XXIX

100,350 
/ min. 100 

Real Estate Crowdfunding

The House of Bicyclists (The House of Lapinas) XXIX project from Lithuania is seeking investments amounting to 100,350 euros for Real Estate development with an expected annual return of 10.5-12.5%. The minimum investment amount is 100 euros.

The loan term is 9 months, which signifies the period for the borrower to repay the borrowed sum along with the interest. In this case, the borrower must repay the loan within 9 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 60%, which falls within the set maximum value of 70%. Such LTV restrictions are established to reduce risks for the lender and ensure a more stable financial position for the project. A lower LTV implies lower default risk as the borrower has more equity in the project.

The internal project number is P00000744-32 on the licensed crowdfunding platform Profitus from Lithuania. The ESMA license is quite complex, as out of over 1000 platforms in Europe at the beginning of 2024, only 150 managed to obtain this license.

Please note that the platform specifies that this information should not be construed as a recommendation, indication, 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 aspects of this project do you see as attractive for investment considering it's Real Estate development in Lithuania?
What amount do you think is suitable to invest in this project?