Investment object The property is located in the residential area of the town of Cēsis. It comprises of 1207 m2 large land plot and a residential building of 425,5 m2. The two-storey building has a well-equipped furnished basement and well-maintained outside area. The property is located in one of the oldest and most charming Latvian towns. Rich in nature and history, the town is suitable for peaceful lifestyle yet offers numerous entertainment options. The goal of the loan The loan will be used for the heating system renovation of the property and to increase the operating capital of the borrower’s company. The loan amount 89 000 EUR, which is 54% of a current value of the property. Independent valuation of the property 164 500 EUR Security First rank mortgage. Personal guarantee of the landowner. Member of the Board of the borrower company is providing a personal guarantee in full mortgage amount. Repayment term 12 months Investment repayment The principal amount of the investment and the accrued interest will be paid out in a single payment at the end of the repayment term.
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