- Active interest: Sales continue to proceed smoothly. Since the previous stage, 1 preliminary purchase–sale agreement has been concluded, and negotiations are currently ongoing for two additional purchase–sale agreements.
- Attractive location: The project is being developed in the central part of Riga – a strategically convenient location ensuring high property demand and liquidity. Upon completion, the property will be easier to realize both in the rental and sales markets.
- Growing property value: Since the previous stage, the value of the mortgaged property has increased by 420 000 EUR. Construction works are proceeding according to the planned schedule.
Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 9.50%
– From 300 EUR to 599 EUR – 9.70%
– From 600 EUR to 1 999 EUR – 9.90%
– From 2 000 EUR to 4 999 EUR – 10.10%
– From 5 000 EUR to 9 999 EUR – 10.30%
– From 10 000 EUR – 10.50%
Important: Individual investments are not summed up and cannot be combined.
About the Project:
The project owner continues the construction of multi-apartment residential buildings in the Kengarags district of Riga, Latvia. This modern building will have 64 apartments and 3 998 m² of saleable area. Average apartment size 62 m², and 62 parking spaces are also planned. Construction works are proceeding according to plan. Roofing works have been completed, balconies are being installed, and internal infrastructure is being fitted out.
Since the previous stage, the project owner has signed 1 preliminary purchase-sale agreement. Negotiations for an additional 2 are currently ongoing. The project owner has also signed a cooperation agreement with another construction company, which has started construction works on the adjacent A2 building. Through this cooperation, the developer aims to accelerate the development of the entire project, making it more attractive to buyers.
The project is located next to Latgale Park and the Mols shopping center, in one of the most dynamic parts of the city, only 3.5 km from the center of Riga. The Kengarags district, home to approximately 52 000 residents, offers well-developed infrastructure and rapidly growing real estate demand, making the project attractive both for living and investment.
Loan information:
The loan will be repaid from apartment sale proceeds, while interest to investors will be paid from the advance payments or/and project owner’s operating income.
Maximum financing amount: 5 000 000 EUR (already raised 4 368 000 EUR). The project is financed based on the current mortgaged property valuation until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be conducted, and further financing stages of the Project will be announced and collected only if the established maximum LTV is not exceeded.
We plan to raise the target amount within 7 days, with the possibility to extend up to 30 days if funds are not collected.
About the Profitus
Profitus ist eine Crowdfunding- und Investitionsplattform mit einer Mindestinvestition von 100 Euro. Profitus-Investitionen sind durch Immobilienhypotheken gesichert. Ihre Investition ist durch eine erste oder zweite Hypothek auf die Immobilie sowie durch andere Sicherheiten (z. B. eine Bürgschaft oder Garantie) gesichert. Transaktionen werden über Lemonway, einen regulierten Zahlungsdienstleister, abgewickelt.
Profitus ist eine Crowdfunding- und Investitionsplattform, deren Hauptziel es ist, Investitionen für alle verfügbar zu machen. Investitionen beginnen bei 100 Euro, und die Plattform ist 24/7 geöffnet. Investitionen sind durch die Verpfändung von Immobilien und anderen Sicherheiten (z. B. Entschädigung oder Garantie) gesichert. Verschiedene Projekte haben unterschiedliche Sicherheitsinstrumente, auf die Benutzer im Selbstbedienungsmodus für jedes Projekt zugreifen können.
Profitus berät sich mit der Bank von Litauen, um eine perfekte Einhaltung des Gesetzes sicherzustellen. Profitus arbeitet mit Lemonway, einem regulierten Zahlungsdienstleister.
