Coastal Residence, Riga X

The Coastal Residence, Riga X project from Latvia is seeking investments amounting to 245,000 euros for re_development with an expected annual return of 9%. 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 60%, 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 standard requirement for this type of financing.

The internal project number is P00001341-10 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 cannot 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.