Object The mortgaged property is located in Valteri, a residential part of the Jūmala city. The property consists of a land plot with a total area of 6439.00 sq.m., a masonry building with a total area of 220,6 sq.m. and a small storage building. The residential building is supplied with all the necessary utilities. An additional mortgage is provided by a real estate property in Olaine, which consists of three apartments with total areas of 42.00 sq.m., 61.8 sq.m. and 56.8 sq.m as well as commercial premises with a total area of 59.7 sq.m. The property is provided with all the utilities, centralized heating system and is in good condition. The loan target The loan is intended for the refinancing of existing obligations as well as increasing the operating capital of the borrower’s company. Amount of the loan The loan amount will comprise EUR 122 430 EUR. Independent valuation of the property 202 350 EUR – the current value of mortgaged properties Security First rank mortgage Repayment term 23 months Repayment of the loan The first interest payment will be paid out after 12 months, while the principal amount of the investment and the rest of the accrued interest will be paid out at the end of the repayment term.
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