Investment object The property is located in Riga, Ziepniekkalns, Irbene Street 5F. The property is located only 7 km from the Riga city centre in the area with well-developed infrastructure. The surrounding buildings are made up of individual and multi-apartment buildings. Ziepniekkalns has access to the infrastructure needed for a residential area - schools, kindergartens, shops, medical institutions. A public transport stop is located 200 meters from the property. It has a fast connection to the main spots of the Riga city. The goal of the loan The loan will be used to fulfil the obligations of a third party against the Creditors' and to increase the operating capital of the borrower’s company. Amount of the loan 23 040 EUR, which is 60% of the current value of the property. Independent valuation of the property 38 400 EUR Security First rank mortgage. Member of the Board of the Borrower 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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