Remīnes Street III

65A06B12-CDC4-48D3-B8E9-79FF0C4E45A3Created with sketchtool. 2 floors 4CE0D8E6-F89B-4D18-990B-96797FA8771DCreated with sketchtool. 911 m2 8645AE05-D72A-42CD-8CBA-03583436E30ECreated with sketchtool. Remīnes Street, Riga, Latvia

123,143 €

raised of 137500 €

123,143 €

raised of 137500.00 €

  • 13 %

    Annual return

  • 12 months


  • 65 %


  • 470


  • 4

    Days left

  • Mezzanine


Repayment in 12 months (21.06.2023)


The property consists of a land plot with a total area of 911 sq.m and a two-story-high residential building with a total area of 216 sq.m. The private house is located in Teika, Riga, a popular residential area close to the city centre.

This quiet neighbourhood is one of the greenest areas near the city centre, which mainly consists of private homes with quiet streets. The convenient location allows reaching the city centre only in a few minutes. Nearby, there are also shopping centres, schools, a children's day-care centre, a 24-hour pharmacy, and places for entertainment, doing sports, and other recreation.

Loan target

This loan will refinance the principal amount of the previous loan of the borrower.

Amount of the loan

137 500 EUR

As the borrower has financial commitments with a credit institution, the combined LTV of 65% consists of the sum of the Bulkestate loan and the bank's financing against the value of the property. This is a mezzanine loan, that is subordinated to the claims from the bank which holds the mortgage on this property. 

Independent valuation of the property

290 000 EUR


SIA "RI estate", Reg No.40103873870



Repayment term

12 months

Repayment of the loan

The principal amount of the investment and the accrued interest will be paid out in a single payment at the end of the repayment term.

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