Founded in 2021, the Company operates and maintains its own real estate properties. The Company recently purchased an apartment in Riga city center to rent it. The apartment is expected to be rented out for EUR 2,600 per month, which is sufficient to cover the interest expenses. The Company intends to pledge the property to receive a working capital loan and to make improvements in the pledged apartment.

Therefore, the Company is seeking EUR 113,300 financing for 30 months. The loan will carry a 9.84% annual interest rate (0.82% monthly) and it will be amortized with principal payments of EUR 500 starting with the seventh month's payment. The loan will be secured with a mortgage on an apartment with a market value of 245,000 EUR (46% LTV). The project risk rate is B (80 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:

• The loan is secured with a first rank mortgage on real estate with a market value of EUR 245,000 (LTV 46%).
• A personal guarantee from the company's manager is provided.