This object is successfully funded
raised of 10,000€
Loan to Value
Repayment date 28.02.2020
Minimum investment 50€
Located in Ogresgala Parish, Ogres District, Zaļumnieki-1. It is a vacant land plot intended for construction of a single-family residential house.
Surroundings and infrastructure
This 7.4 ha large land property with a high-value landscape is located in a rural territory. It is a wonderful property for nature lovers who appreciate clean environment for living.
Household and grocery stores, doctor, and post office are easily accessible. The property is close to the village of Ciemupe while the city of Ogre is 6km away. Ogre is usually chosen as home by those who appreciate the comfort of a city combined with the freedom of countryside.
The property is surrounded by private houses, agricultural production objects, and agricultural areas.
The goal of the loan
The owner of the land plot plans to build a residential house (109.78m2) on the land plot and, after commissioning the house, sell it together with the land plot. The loan will be used to finance the construction project and build the necessary infrastructure.
The borrower represents the association of Latvian forest owners “Dursupes Egles”; its goal is to unite interests of Latvian forest owners by restoring the felled forest areas and creating united forest areas across Latvia.
Amount of the loan
10,000 EUR, which is 57% of the current value.
Independent valuation of the property
- First rank mortgage.
- Personal guarantee of the owner of the land plot.
- March 30, 2019 - accrued interest for 12 months;
- February 28, 2020 - accrued interest for 11 months and the principal amount of the investment.
Other investment options
Meldru Street II