Real Estate Development
The PRO BRO Carwash Building Project in Riga IV from Latvia is raising investments of 225,000 euros for Real Estate development with an expected annual return of 8.6-10.6%. The minimum investment amount is 100 euros.
The loan term is 12 months, meaning the borrower has to repay the borrowed amount and interest within 12 months after receiving the loan.
The project's risk level on the platform is indicated as B. Ratings A and B suggest that the presumed investment risk is lower compared to investing in loans with ratings C or D, but the return will correspondingly be lower if investing in projects with a lower risk level.
The internal project number is P00001060-5 on the licensed crowdfunding platform Profitus from Lithuania. The ESMA license is quite complex, as out of over 1000 platforms in Europe by early 2024, only 150 managed to obtain this license.
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 and also recommend approaching investments responsibly by diversifying your portfolio. In the countries of the European Union, crowdfunding is not prohibited by the Deposit Guarantee and the Investor Responsibility Act.
