The Twinhouse VI project from Lithuania is raising investments of 182,000 euros for re_development with an expected annual return of 9.2-11.2%. 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 has a Loan-to-Value (LTV) ratio of 61%, within the maximum allowable limit of 70%. The maximum LTV value allowed for the project is 85%, which may be a restriction or standard requirement for this type of financing.
The internal project number is P00001134-6 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. It is important to note that the information on the platform 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. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.
Replying to Sophia
Replying to Conor