Located in the picturesque country of Latvia, specifically in the vibrant city of Riga, this apartment offers a unique investment opportunity. Priced at 200 per share, the estimated minimal return is an attractive 10 percent. The property boasts a value of 250,000 euros, making it a promising addition to any investment portfolio.
The project owner has meticulously developed a 1,952 m2, A+ energy class apartment building that features 30 modern and stylish apartments. Each unit comes fully equipped with high-quality finishing, essential appliances, and elegant furniture. With 7 apartments already sold, generating revenues of EUR 1.09 million including VAT, this investment is poised for success.
Investors can rest assured that their funds are secure, as the loan will be repaid from the sale proceeds of the pledged apartments, which are expected to amount to EUR 1.05 million. Interest to investors will be paid from the operating income of the project owner, ensuring a steady and reliable return on investment.
With a maximum amount to be financed set at EUR 505,000, of which EUR 255,000 has already been raised, the project is well on its way to reaching its full potential. The financing is based on the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 49% LTV. Future rounds of financing will only be advertised and collected if the set maximum LTV is not exceeded, providing a transparent and secure investment opportunity.
Don't miss out on the chance to be a part of this exciting real estate investment in Latvia. With a prime location, high-quality construction, and a solid financial plan in place, this apartment offers a lucrative opportunity for investors looking to diversify their portfolio and secure long-term returns.