The Company, founded in 2020, is seeking financing to proceed with the development of a new residential project located at Zasulauka Street 6, Šampēteris, Riga (cadastral no. 0100 076 0338).

The project will consist of two residential buildings situated on a 2,643 m² land plot with full city communications. The project will be divided into two phases, first phase will consist of 1st building renovation works and second building works until conservation and the second phase is to finish construction works for the second building.

One of the buildings is an existing structure that will be fully renovated, while the second will be a newly constructed building (with foundation and partial completion at current stage). Both buildings can be developed and commissioned independently, allowing for separate usage permits upon completion. The location benefits from well-developed infrastructure, with public transport (bus and tram stops within 50 m), schools, kindergartens, and supermarkets in close proximity.

The development envisions two three-story residential buildings with a total saleable apartment area of 1,550.55 m². The project will offer 24 modern and comfortable two- and three-room apartments ranging from 43 m² to 76 m², each delivered with full high-quality interior finishing. A total of 24 parking spaces will also be provided. The planned completion date for the 1st project building is October 2026, with apartment sales expected to be completed within three months of commissioning.

To achieve the project's first building completion and second building conservation, the Company is seeking financing in the total amount of EUR 1,100,000. The 1st stage loan of EUR 360,500 will be disbursed as the first tranche of financing, with subsequent tranches issued upon submission of supervision reports. The 1st stage loan will carry a 9.48% annual interest rate (0.79% monthly) and it will be amortized at the end of the term. The loan will be secured with the first rank mortgage and 3 personal guarantees by the company owners. The project risk rate is B (89 out of 100).

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

• The loan is secured with a mortgage on the real estate under development with the current market value of EUR 746,000;
• All three shareholders will provide personal guarantees for the loan;
• The cost estimation, construction progress and usage of funds will be checked by a certified construction supervisor.