Object The mortgaged property is located in Valmiera city, one of the most active regional centres in Latvia. The property consists of a 648 sq.m. large land plot with two-story high residential building, a greenhouse and a storage building located in a quiet family-friendly neighbourhood. The residential building has undergone reconstruction, during which the area of the building has been increased by rebuilding it from a one-story building to a two-story building also adding a built-in roof floor. The building is provided with a centralized water supply and sewerage. The loan target The loan will be used for the purchase of the property and increasing the operating capital of the borrower’s company. Amount of the loan The loan amount will comprise of 77 490 EUR. Independent valuation of the property 110 700 EUR – the current value of the property. Security First rank mortgage Repayment term 12 months Repayment of the loan 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.
Project offered by