The investment object The investment object consists of two separate land plots in Vērgale parish, Latvia. Both land plots are agricultural lands with the total area of 126700 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 loan will be used to fulfil the obligations of a third party and to increase the operating capital of the borrower’s company. Amount of the loan EUR 13650.00, which represents 30% of the current value. Independent valuation of the property 45500.00 EUR (total current value of both land plots) Security 1st rank mortgage Loan term 12 months Loan 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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