Seaside Residence, Riga

The Seaside Residence project from Latvia is seeking investments of 1,800,000 euros for refinancing with an expected annual return of 11-14.6%. The loan term is 12 months, meaning the borrower must repay the loan amount and interest within 12 months after receiving the loan. The project has a Loan-to-Value (LTV) ratio of 34%, which is within the maximum limit of 60%. LTV ratio is an important indicator in the financial sector, especially in asset-backed lending. In this case, an LTV of 34% indicates that the loan amount is 34% of the current market value of the collateral (likely real estate or another asset). The maximum allowable LTV for the project is 85%, which may be a restriction or standard requirement for this type of financing.

The project has an internal ID P00001341 on the licensed crowdfunding platform Profitus from Lithuania. It is important to note that the information on the platform should not 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 the Profitus platform and also recommend approaching investments responsibly by diversifying one's investments. In European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Act.