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This object is successfully funded

Kr. Valdemara Str. 76

9 floors 81.1 m² Kr. Valdemara Str. 76, Riga, Latvia

70,000€

raised of 70,000€

  • 14%

    Annual return

  • 61%

    Loan to Value

  • 135

    Investors

  • Invested

Repayment date 01.08.2018

Minimum investment 50€

Loan description

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.


Investment budget

Total investment budget – 70 thousand euros.

Independent valuation

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.

Funding structure

100% Bulkestate loan.

Bulkestate loan

EUR 70 thousands, which represent 863 euros per sq.m. and 61% of the sales value.

Interest rate

Fixed interest: 14% per annum.

Maturity

12 months after signining of the loan agreement.

Security

1st rank mortgage.

Current state of property (building)

Residential building is in good condition.

Product (apartment)

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.
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