- A decade of experience in real estate development: The company's shareholder and his team have successfully implemented ambitious projects, building and reconstructing more than 10 apartment buildings in Latvia.
- Bright and spacious apartment in the heart of Riga: A 133.90 m² apartment located on a quiet street near a park, perfect for those who enjoy both city life and nature.
- Everything you need for comfortable living: The apartment is located near all necessary amenities - a secondary school, a private school, a kindergarten, a pharmacy, a shopping center, a health center, shops, and cafes.
- Transportation: Convenient public transportation - the bus stop is 150-180 meters away.
About the project owner:
The group of companies has been operating in Latvia since 2014. The company's shareholder, together with partners and independently, has built and reconstructed approximately 10 apartment buildings with a total area of 57 000 m².
About the project:
A portion of the loan funds will be used to refinance an existing loan in order to reduce borrowing costs. The remaining funds will be used to finance the company's working capital and to support the development of other projects. As collateral, the project owner will pledge an apartment, located at Indrānu street in Riga, complete with all appliances and furniture. The apartment, together with a parking space, is currently for sale. The expected sales proceeds are 306 000 EUR. This loan will be repaid from the proceeds of the sale, while interest payments to investors will be made from the project owner's operating income.
Interest by investment amount:
– From 100 EUR to 299 EUR – 10.00%
– From 300 EUR to 749 EUR – 10.50%
– From 750 EUR to 2 999 EUR – 11.00%
– From 3 000 EUR to 9 999 EUR – 11.50%
– From 10 000 EUR to 19 999 EUR – 12.00%
– From 20 000 EUR to 29 999 EUR – 12.50%
– From 30 000 EUR to 49 999 EUR – 13.00%
– From 50 000 EUR – 13.50%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.
About the Profitus
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Monetary operations on the platform are carried out in cooperation with Paysera and Trustly. The risk relating to the project and project owner are assessed on the basis of information provided by Creditinfo.
