Investment object The property is located in Ragaciems, a seaside residential area on the very coast of Baltic Sea. It comprises of 1905 m2 large land plot and a residential building of 265.11 m2. Ragaciems is a part of Engure district, located between the Baltic Sea and Lake Kaņieris – a picturesque area, famous for its trails and versatile nature. The infrastructure of the district is well-developed as the capital city Riga is only 50 min away. The goal of the loan The loan is used to refinance existing and more expensive loan. The loan amount 70 000 EUR, which is 49% of a current value of the property. Independent valuation of the property 141 700 EUR Security First rank mortgage. Personal guarantee of the third person. Member of the Board of the borrower company is providing a personal guarantee in full mortgage amount. The property has a full insurance for the entire loan term. Repayment term 23 months Investment repayment July 23, 2019: accrued interest for 12 months; June 23, 2020: accrued interest for 11 months and the principal amount of the investment.
Project offered by