Investment object The mortgaged property is a 2200 m2 large land plot on Lūku Street, in Mārupe district. The land plot is intended for private house construction. Mārupe is one of the closest private housing areas to Riga. The main advantage of the region is the convenient traffic to the city centre, international airport and the seaside, at the same time preserving the green neighbourhood characteristic of the outskirts of the city. Loan target The borrower is looking to refinance an existing loan. The loan is intended to increase the operating capital of the borrower’s company, after successful repayment of 5000 EUR to clear the accrued interest of the current loan, the principal sum of the loan and additional administrative costs. Amount of the loan 32 275 EUR, which represents 45% of the current value. Independent valuation of the property 71 000 EUR Security First rank mortgage; Personal guarantee by a third person. Loan term 6 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 loan term.
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