General Information

  • IRR%: 13.5
  • CoC%: -
  • Minimum: 50 EUR
  • Type: -
  • Asset: -
  • Investors: 91
  • Start Date: 2018-10-21
  • End Date: -
  • Target: 34 EUR
  • Completed: 100%

Additional Information

  • Riga, Latvia
  • Riga
  • Riga
  • Latvia

Investment object The investment object is a 62.10 m2 large three-room apartment, located in outskirts of the city centre, a popular private house area. The apartment occupies the entire second floor of a two-storey building. A land plot of 846 m2 surrounds the residential building.    The goal of the loan The loan will be used to increase the operating capital of the borrower’s company.  Repayment of the loan The loan will be returned by the business revenues or by the sale of the property within a 12-month period. Amount of the loan 34 000 EUR, which is 58% of a current value of the property.  Independent valuation of the property 59 000 EUR Information on the borrower The borrower is a company owned by the owner of the property. Security First rank mortgage. Member of the Board of the Borrower is providing a personal guarantee in full mortgage amount. Repayment 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 repayment term.

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