Located in the picturesque country of Latvia, this upcoming real estate project is set to be developed in the bustling city of Tallinn. The price per share for this investment opportunity is set at €200, with an estimated minimum return of 13 percent. The total value of the property is €70,000.

On the land plot owned by the company starting from 2023, the plan is to construct four multi-family buildings, each three stories high, with a combined area of 2,829 square meters and a total of 28 apartments. The area designated for sale is 1,492.84 square meters, with an average apartment size of 51.72 square meters. Additionally, there will be 34 underground parking spaces and 17 storage spaces available.

The project owner's intention is to fully furnish the apartments and sell them as a rental project. Currently, there are two potential buyers interested in purchasing all 28 apartments for rental purposes, although no formal agreements have been finalized yet. The anticipated completion date for all four buildings is set for October 2, 2025.

With a maximum financing amount of €3,200,000 (€220,000 already raised), the project is being financed based on the current valuation of the collateral until it reaches a loan-to-value ratio of 79%. Once this ratio is met, a new property valuation will be required for any additional rounds of financing. Interest payments to investors will be covered by the project owner's operating income.