Investment object The investment object consists of a land plot and farm buildings in Saraiķi, Vērgale parish, Latvia with the total area of 73100 m². Vērgale parish is located in the seaside district of Pāvilosta, only 1.3 km away from the Baltic Sea and 20 minutes away from the city of Liepāja. The area is a popular leisure and tourism destination in Latvia, famous for its nature as well as historic sites. The target of the loan The loan is issued to the borrower to fulfil the obligations to SIA Aksioma; the loan serves as a credit for business activities secured by a real estate mortgage. Amount of the loan 34 000 EUR, which represents 45% of the current value. Independent valuation 75 000 EUR Security First rank mortgage A third person’s personal guarantee in a full mortgage amount Loan 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 loan term.
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