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Unfortunately, this deal expired 21.06.2024
1 month ago

PRO BRO Mūkusalas st. car wash VII

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Real Estate Development

The project PRO BRO Mūkusalas st. car wash VII from Latvia is raising investments in the amount of 340,000 euros for Real Estate development with an expected annual return of 9-11%. The loan term is 4 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 4 months after receiving the loan.

The internal project number is P00001060-8 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 in early 2024, only 150 managed to obtain this license.

Please note that the platform specifies that this information cannot 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 the Profitus platform and also recommend approaching investing responsibly by diversifying your investments. In the countries of the European Union, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.

Hey guys, what do you think about putting some money into this project in Latvia? Is it a good deal or just another real estate development scheme? Let me know your thoughts!
What amount do you consider reasonable to invest in this project?