The Houses of Bicėnai (The Houses of Lapinas) XXXIV

The Houses of Bicėnai (The Houses of Lapinas) XXXIV project from Lithuania is seeking investments amounting to 444,600 euros with a target refinancing and an expected annual return of 9.7-11.7%. The minimum investment amount is 100 euros.

The loan term is 11 months, indicating the period for the borrower to repay the borrowed amount and the loan interest. In this case, the borrower must repay the loan within 11 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%. The maximum allowable LTV value for the project is 85%, which may be a restriction or a standard requirement for this type of financing. LTV limitations are set to reduce risks for the lender and ensure a more stable financial position for the project. For instance, a lower LTV reduces the risk of default as the borrower has more equity in the project.

The internal project number is P00000744-37 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 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. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.