Apartment on Indrānu Street, Riga

The "Apartment on Indrānu Street, Riga" project from Latvia is raising investments in the amount of 200,000 euros for Refinancing with an expected annual return of 10-13.5%. The loan term is 9 months, meaning the borrower must repay the loan amount and interest within 9 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 64%, which is within the established maximum value of 64%. LTV limitations 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 P00001266 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 and also recommend approaching investments responsibly by diversifying your investments.