Studios Krasotaju street, Riga

The Studios Krasotaju street project from Latvia is raising investments in the amount of 75,110 euros with the aim of re_acquisition and an expected annual return of 10.9-12.9%. The loan term is 12 months, meaning the borrower has to repay the loan amount and interest within 12 months after receiving the loan.

The project has a Loan-to-Value (LTV) ratio of 70%, which is within the established maximum value of 70%. LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position for the project. A lower LTV implies less default risk as the borrower has more equity in the project.

The internal project number is P00001342 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. The ESMA license is quite complex, as out of over 1000 platforms in Europe at the beginning of 2024, only 150 managed to acquire this license.

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