Apartments on Krasatoju Street, Latvia

The project "Apartments on Krasatoju Street, Latvia" from the country Latvia is raising investments amounting to 60694 euros for re-acquisition with an expected annual return of 9.4%. The minimum investment amount is 100 euros.

The loan term is 24 months, which means the period for the borrower to repay the borrowed amount and interest on the loan. In this case, the borrower must repay the loan within 24 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 70%. The LTV ratio is an important indicator in the financial sector, especially in the field of secured lending. In this case, an LTV of 70% indicates that the loan amount is 70% of the current market value of the collateral (likely real estate or another asset).

The internal project number is P00001312 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. 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 should not be 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 Act.