This object is successfully funded
Kr. Valdemara Str. 76
raised of 70,000€
Loan to Value
Repayment date 01.08.2018
Minimum investment 50€
The owner is raising funds for refinancing current loan during property sales period and for this reason is looking for a short-term loan in the amount of EUR 70,000.
Loan is secured by a first rank mortgage on apartment in residential building located on Kr. Valdemara Str. 76, Riga. Proceeds from the sale of the apartment will fund repayment of the loan and interest.
Total investment budget – 70 thousand euros.
According to independent valuation, sales value of the property is around 1,405 euros per square metre or 114,000 thousand euros for the apartment.
100% Bulkestate loan.
EUR 70 thousands, which represent 863 euros per sq.m. and 61% of the sales value.
Fixed interest: 14% per annum.
12 months after signining of the loan agreement.
1st rank mortgage.
Current state of property (building)
Residential building is in good condition.
Apartment, ready for living.
Neighborhood attractiveness and infrastructure
- The apartment is located within the highly demanded area
- The apartment is on the upper floor of the residental building
- Fast connection to the main spots of the Riga city.
- Well-developed infrastructure – close public transport, schools, parks, supermarkets, kindergartens.
Other investment options
Ernestines Str. 37