Irbenes Street IIIRefinancing
The property is located in Riga, Ziepniekkalns, Irbenes Street 5F. The property is located only 7 km from the Riga city centre in the area with well-developed infrastructure.
The surrounding buildings are made up of individual and multi-apartment buildings. Ziepniekkalns has access to the infrastructure needed for a residential area - schools, kindergartens, shops, medical institutions. A public transport stop is located 200 meters from the property. It has a fast connection to the main spots of the Riga city.
The goal of the loan
The borrower (SIA "Renova Baltic", Reg. no. 40203160240) is looking to extend a previous loan on the Bulkestate platform for the sale period of the apartments. Loan and interest will be repaid by funds received from the sale of the property units.
Amount of the loan
40 000 EUR, which is 69% of the current value of the property.
Independent valuation of the property
57 800 EUR
- First rank mortgage.
- Member of the Board of the Borrower is providing a personal guarantee in full mortgage amount.
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.