Coastal Residence, Riga II

The Coastal Residence, Riga II project from Latvia is seeking investments totaling 300,000 euros for re_development with an expected annual return of 11-13.5%. The minimum investment amount is 100 euros.

The loan term is 12 months, which means the period for the borrower to repay the principal and interest on the loan. In this case, the borrower must repay the loan within 12 months after receiving the funds.

The project has a Loan-to-Value (LTV) ratio of 40%, which is within the established maximum value of 60%. The maximum allowable LTV value for the project is 85%, which may be a limitation or a standard requirement for this type of financing.

The internal project number is P00001341-2 on the licensed crowdfunding platform Profitus from Lithuania.

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 portfolio. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.