The Houses of Bicėnai (The Houses of Lapinas) XXXII

The project "The Houses of Bicėnai (The Houses of Lapinas) XXXII" from Lithuania is seeking investments amounting to 200,000 euros for re_development with an expected annual return of 9.7-10.7%. The loan term is 12 months, meaning the borrower must repay the loan amount and interest within 12 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 58%, which falls within the set maximum value of 70%. The maximum allowable LTV value 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. A lower LTV reduces the risk of default as the borrower has more equity in the project.

The internal project number is P00000744-35 on the licensed crowdfunding platform Profitus from Lithuania. The platform indicates 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 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 investment responsibly by diversifying your investments.