Irbenes Street III

Riga, Latvia

40 000 €

Raised 40 000 €
263 Investor(s)

14%Expected Return
13.24%Actual Return

12Months Expected Term
7Actual Months Term

Listed: 2022-07-07

Type: Refinancing

Mortgage rank: First

Interest payment schedule: At Project Completion

Min. amount of investment - € 0

Project originated by:

Project updates

Detail Descripton

Bulkestate description

Investment object

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

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.

Payment schedule

Date	Status	Late	Assignment date
13.08.2020	Paid	No	02 March 2020, 12:27

Ask a question

${q.userNickname} | ${q.date}

EvoEstate | ${q.answerDate}