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This object is successfully funded

Meldru Street II

2 floors 245.8 m² Meldru Street, Sigulda region, Latvia

28,000€

raised of 28,000€

  • 14%

    Annual return

  • 63%

    Loan to Value

  • 154

    Investors

  • Invested

Repayment date 06.10.2019

Minimum investment 50€

Object

The property is located in Latvia, Sigulda region. It consists of the dwelling house (total space 245.8 m2), auxiliary building (total space 86.5 m2), and green area (total space 1200 m2).

Community facilities: centralised electricity supply, the local sewage system and local stove heating.
The outside property includes a fruit tree garden and a large green area.

Jūdaži is a picturesque village located in Sigulda district just 10 km from the city of Sigulda and 59 km from Riga. The property is ~250 m from Lake Jūdaži and 900 m from Lake Umuru.

The target of the loan

While continuing the sales process of the property, the owner is looking for an extension of the loan term, after successful repayment of 2000 EUR of the principal amount of the loan and the interest payment for the current loan period.

Amount of the loan

28 000 EUR, which represents 63% of the current value.

Independent valuation

44 100 EUR


Security

First rank mortgage

Loan 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 loan term. 

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Your questions are welcome

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