Coastal Residence, Riga IV

The Coastal Residence, Riga IV project from Latvia is raising investments of 190,000 euros for re_development with an expected annual return of 10-12.5%. The minimum investment amount is 100 euros.

The loan term is 12 months, meaning 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 12 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 49%, which is within the set maximum value of 60%. Such LTV restrictions are established 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 P00001341-4 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.

Please note, the platform states 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 and also recommend approaching investments responsibly by diversifying your investments. In EU countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Act.