• Own contribution: The project owner has already invested approximately 70 000 EUR in land improvements. In total, the client will invest about 83 000 EUR of personal funds into this project, which is nearly 41% of the project’s total financing.
  
• Developer’s experience: The shareholder’s partner, who coordinates the project development process, has more than 5 years of experience in managing real estate development and construction projects and successfully oversees the entire cycle from design to handover.
• Attractive location: The pledged asset is located in Baldone — a recreational area with a unique identity near Riga, attracting a constant flow of visitors and tourists. The forested landscape, resort character, nature trails and the nearby “Riekštukalns” ski resort create favourable conditions for year-round short-term rental demand.

Interest rates based on the investment amount:
– From 100 EUR to 299 EUR – 9.70%
– From 300 EUR to 699 EUR – 9.90%
– From 700 EUR to 1 999 EUR – 10.10%
– From 2 000 EUR to 4 999 EUR – 10.30%
– From 5 000 EUR – 10.50%
Important: separate investments are not added together and cannot be combined.

Project objective:
The project owner is pledging a 5 000 m² agricultural land plot in Baldone, Latvia, to raise funds for planned real estate development. The plot is located in an area known for its scenic landscape, forests, walking trails and proximity to the “Riekštukalns” ski resort. This environment provides favourable conditions for accommodation activities targeting holidaymakers, travellers and the short-stay tourism segment.

The developer plans to divide the plot into three parts and build one residential house with a separate sauna building on each. All three units would be adapted for short-term rental, with accommodation operations taking place on the territory to take advantage of stable tourist flows and growing demand for nature-based leisure near major cities. The project will be developed in stages. In the first stage, the developer plans to build one residential house and a sauna — building permission for this stage has already been obtained. After completing the first stage and receiving approval to subdivide the land, the developer plans to construct two additional identical houses with saunas in the second stage, forming a complex of three identical rental properties.

The developer has already invested approximately 70 000 EUR in land preparation and site improvements. The total personal investment in the project will amount to approximately 83 000 EUR. According to the developer’s business plan, the fully developed project would generate around 35 000 EUR of net rental income per year.

The planned operating model focuses on providing high-quality leisure infrastructure surrounded by nature, offering an attractive product for both local and inbound tourists seeking peaceful relaxation or active weekend getaways near Riga.

Loan information:
The loan will be repaid through refinancing at another credit institution. Interest to investors will be paid from the company’s operational income.

Maximum financed amount: 120 000 EUR. The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once maximum LTV is reached, a new valuation must be carried out, and further financing stages will only be announced if the maximum LTV is not exceeded.

We plan to raise the required amount within 7 days, with the possibility of extension up to 30 days if the full amount is not collected.