PRO BRO Vienibas street, car wash IX

The project PRO BRO Vienibas street, car wash IX from the country Latvia is raising investments in the amount of 250,000 euros for Real Estate development with an expected annual return of 9-11%. The loan term is 4 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 4 months after receiving the loan.

The project's risk level on the platform is indicated as B. On the platform, around 9% of projects have ratings of "A+", "A", "A-", while a majority of 58% are projects with ratings of "B+", "B", "B-". There are also projects with ratings of "C+", "C", "C-", comprising about 30%, and the remaining projects have ratings of D. Risk ratings are intended to provide a better understanding of the project's riskiness. Ratings A and B indicate that the expected investment risk is lower than when investing in loans with ratings C or D, but the return will be correspondingly lower if you invest in projects with a lower risk level.

The internal project number is P00001170-10 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 at the beginning of 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.