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This object is successfully funded

Zaļumnieki

72000 m² Ogresgals, Ogre district, Latvia

10,000€

raised of 10,000€

  • 15%

    Annual return

  • 57%

    Loan to Value

  • 57

    Investors

  • Invested

Repayment date 28.02.2020

Minimum investment 50€

Object

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

17,500 EUR

Security

  • First rank mortgage. 
  • Personal guarantee of the owner of the land plot.

Repayment term

23 months

Investment repayment 

  • March 30, 2019 - accrued interest for 12 months;
  • February 28, 2020 -  accrued interest for 11 months and the principal amount of the investment.
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Your questions are welcome

Bulkestate is a member of the German-Baltic chamber of commerce and the European Crowdfunding Network.