Ausekļa iela 4 – 15 (II)
Mortgage - backed short term loan
- Start of investment period20.07.2021
- Start time19.04.2021 10:25
- Asset classResidential
- Investment typeDevelopment
- Investment end date26.04.2022
- Remaining term8 months
- Expected rate of return13% p.a.
- Expected cash yield%
- No of investors265
- Goal€86 000
With this project, the Sponsor aims to raise 86 000 Euros of secured loan.
The loan will be secured by a 2nd rank mortgage on the real estate property – a spacious 2 room apartment with an estimated market value of 430 000 Euros. The apartment is located at a prestigious location - Ausekļa iela 4, Rīga (apartment number 15), 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 430 000 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.