In the country of Latvia, a promising real estate investment opportunity awaits. The property, with a price per share of €200, offers an estimated minimal return of 13 percent. The total value of the property is €61,000.

Located on a land plot owned by the company, plans are in place to construct four multi-family (3-storey) buildings with a total area of 2,829 m2, comprising 28 apartments. The area available for sale is 1,492.84 m2, with an average apartment size of 51.72 m2. Additionally, there are 34 underground parking spaces and 17 storage spaces.

The project aims to sell all 28 apartments to a single buyer for a rental project. While two potential buyers have shown interest, no contracts have been finalized yet. The completion date for all four buildings is set for 10/02/2025, with sales proceeds covering the loan and interest payments to investors from the project owner's operating income.

With a maximum financing amount of €3,200,000 (€290,000 already raised), the project is financed based on the current valuation of the collateral until it reaches a loan-to-value ratio of 79% LTV. Once this ratio is met, a new property valuation will be required for further financing rounds, ensuring that the maximum LTV is not exceeded.