Ausekļa 4, apartment Nr. 16 (II)
Mortgage - backed 12 month loan
- Start of investment period01.01.1970
- Start time09.06.2021 13:05
- Asset classResidential
- Investment typeDevelopment
- Investment end date23.06.2022
- Remaining term12 months
- Expected rate of return13% p.a.
- Expected cash yield%
- No of investors409
- Goal€156 000
With this project, the Sponsor aims to raise 156 000 Euros of secured loan.
The loan will be secured by a 2nd rank mortgage on the real estate property – a spacious 5 room 225m2 apartment with an estimated market value 780 000 Euros, this is an apartment located at a prestige location - Ausekļa iela 4, Rīga (apartment number 16), in the Art Nouveau district of Riga.
Since the recent real estate value estimation document from one of the largest and respectable real estate companies in Latvia - LATIO states that the real estate value of the pledged property is 780 000 Euros, it gives Crowdestate investors of this tranche a position with an LTV ratio of 70%.
This is a short-term investment opportunity. The principal and interest payment will be done as a bullet payment at the end of the 12-month loan period.