- Liquidity: The pledged asset has high liquidity due to its attractive location near the center of Riga, well-developed infrastructure, and stable housing demand in the area.
- Experienced developer: Silverteckinnisvara OÜ is an Estonian real estate development company established in 2019, having completed approximately 10,000 m² of development projects and specializing in residential real estate development across the Baltic region.
- Promising location: The planned project will be developed in a promising area of Riga, just a few kilometers from the city center, where continuous residential growth and increasing housing demand create favorable conditions for property value appreciation and successful project implementation.
About the Project:
The project owner pledges an 800 m² plot of land located at Lilijas iela 17B, Riga. It is a strategically attractive location, only about 4–5 km from the Old Town of Riga, with excellent access to the city center and a well-developed infrastructure including schools, kindergartens, shops, and convenient public transport connections.
A 942 m² apartment building is planned to be constructed on this plot. The project will be developed in cooperation with an experienced real estate development partner who has completed more than 1,100 housing units to date.
The funds raised will be allocated to the company’s working capital for the preparation of the technical project, after which construction works can begin.
Loan Information:
The loan will be repaid from property sales revenues or through refinancing with another credit institution. Interest payments will be covered by the company’s operating income.
The target amount is planned to be raised within 7 days, with the possibility of extension up to 30 days if the funding goal is not reached.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
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. Profitus operates with Lemonway, a regulated payment service provider.
