• Advanced construction stage: Construction works are progressing according to schedule. Construction works on the fifth floor has been completed, roof installation work has begun, balconies are being installed, and internal infrastructure is being set up.
• High Market Interest: 30% of the available space has already been reserved, and advance payments exceed 1.1 million EUR, confirming strong demand and confidence in the project.
• Attractive location: The project is being developed in the central part of Riga – a strategically convenient location that ensures high demand and liquidity of the property. Upon completion, the asset will be easier to realize both in the rental and sales markets.

About the project:
The project owner continues the construction of apartment buildings in the Kengarags district of Riga, Latvia. This modern building will feature 64 apartments and 3,998 m² of sellable area. Each apartment will have an average size of 62 m², and 62 parking spaces are also planned. Construction works are progressing according to plan. Construction work on the fifth floor has been completed, roof installation work has begun, balconies are being installed, and internal infrastructure is being installed.

The project is located next to Latgale Park and Mols Shopping Center, in one of the most dynamic parts of the city, just 3.5 km from the center of Riga. The Kengarags district, home to approximately 52,000 residents, offers well-developed infrastructure and a rapidly growing demand for real estate, making the project an attractive choice for both living and investment.

Loan information:
The loan will be repaid from the income generated by apartment sales, while interest to investors will be paid from the project owner's operating income.

Maximum funding amount: 5,000,000 EUR (3,775,000 EUR has already been raised.). The project is financed based on the existing valuation of the mortgaged property until it reaches the specified maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new property valuation will have to be performed, and further stages of project financing will be announced and collected only if the specified maximum LTV is not exceeded.


We plan to raise the required amount within 7 days with the possibility of extending up to 30 days if the funds are not raised.