• Experienced Group of Companies: Has developed over 27,000 m² of real estate projects in Riga. With a deep understanding of today's market needs, the developer is building A+ energy class housing for young families in Jurmala.
• Sales Revenue: The apartments are planned to be fully equipped with appliances and furniture and then sold. The planned sales revenue is EUR 3,018,010 excluding VAT.
• Uniqueness: The developed property is located in Jurmala, in a pine forest, ~2 km from the Baltic Sea.
• Liquidity: The project is liquid, with 60% completion. The project is under development, thus increasing its value.

Interest by investment amount:
– From 100 EUR to 249 EUR – 13.60%
– From 250 EUR to 699 EUR – 14.00%
– From 700 EUR to 1 999 EUR – 14.40%
– From 2 000 EUR to 4 999 EUR – 14.80%
– From 5 000 EUR to 14 999 EUR – 15.20%
– From 15 000 EUR to 49 999 EUR – 15.60%
– From 50 000 EUR – 16.00%
Important: investments made separately are not aggregated and cannot be pooled.

About the Project:
The project owner seeks to refinance an existing commitment. The refinancing is based on the project owner's need for longer-term financing. The project owner has acquired an unfinished multi-apartment residential building in Jurmala, which has 19 apartments, with a total sales area of 1,472.2 m². The planned apartment sales price is EUR 2,671/m² including VAT. The project owner intends to complete the construction/reconstruction of the residential multi-apartment building (including the apartments) and sell it. Currently, the multi-apartment building is over 60% complete.

Loan Information:
Upon completion of the construction works in the building, the apartments will be sold, and the expected sales revenue is EUR 3,018,010 excluding VAT. This loan will be repaid from the project's sales revenue, and interest payments to investors will be paid from the project owner's operating income.

Maximum Financing Amount: EUR 2,123,000. The project is financed based on the current valuation of the collateral until the specified maximum Loan-to-Value (LTV) ratio is reached. Once the maximum LTV is reached, a new valuation of the collateral must be carried out, and further financing stages of the project will only be announced and implemented if the specified maximum LTV is not exceeded.

Amount to be raised: EUR 1,369,402, to be raised in stages, with interest accruing to the investors from the period when the total amount raised is met.

We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.