• Attractive location: The project is being developed in the central part of Riga – a strategically convenient location ensuring high asset demand and liquidity. Upon completion, the property will be easier to realize in both the rental and sales markets.
• Smooth construction progress: Roofing works have been completed in the project, balconies are being installed, facade finishing works have started, window installation is beginning, and internal infrastructure installation works are underway.
• Strengthening Riga RE market: Improving liquidity of newly built housing and steadily increasing prices create favorable conditions for project development – the speed of apartment sales is increasing, and developers are gaining more leverage to consistently raise selling prices, thereby ensuring improving performance indicators.

Interest rates based on investment size:
– From 100 EUR to 299 EUR – 8.50%
– From 300 EUR to 599 EUR – 8.70%
– From 600 EUR to 1 999 EUR – 8.90%
– From 2 000 EUR to 4 999 EUR – 9.10%
– From 5 000 EUR to 9 999 EUR – 9.30%
– From 10 000 EUR – 9.50%
Important: individual investments are not cumulative and cannot be combined.

About the Project:
The project owner continues the construction of the multi-apartment residential quarter Piekrasta Rezidence in the Kengarags microdistrict, Riga, Latvia. This apartment building will have 64 apartments and 3 998 m² of sellable area. The average apartment size is 62 m², and 62 parking spaces are also planned. Construction works are progressing according to plan. In building A1, 24 apartments have currently been sold and 40 apartments remain for sale. It is planned to complete the façade works of building A1 by the end of April.

Sales for building A2 have not yet started. Roofing works have been completed in the project, balconies are being installed, facade finishing works have started, window installation is beginning, and internal infrastructure installation works are underway. To boost sales, the project’s marketing materials are currently being updated, the website is being modernized, and several show apartments are being fitted out. A more intensive sales campaign is scheduled to start on May 1.

The project owner has entered into a cooperation agreement with another construction company, which is carrying out construction works for 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 near Latgale Park and the Mols shopping center, in one of the most dynamic parts of the city, just 3,5 km from the center of Riga. The Kengarags microdistrict, home to approximately 52 000 residents, offers well-developed infrastructure and rapidly growing real estate demand, making the project an attractive choice for both living and investment.

It is planned that the sales revenue of apartments in building A1 will reach 7 882 706 EUR.

Loan information:
The loan will be repaid from apartment sales revenue, while interest to investors will be paid from advances and/or the project owner's operating income.

The project is financed based on the existing pledged asset valuation until it reaches the established maximum loan-to-value (LTV) ratio. Upon reaching the maximum LTV, a new asset valuation must be performed, and further stages of project financing will be announced and collected only if the established maximum LTV is not exceeded. The fundraising amount is planned to be collected within 7 days, with the possibility to extend up to 30 days if the funds are not fully raised.