Mortgage-backed 24 month loan with monthly interest payments
- Start of investment period30.04.2021
- Start time12.03.2021 09:00
- Asset classLeisure
- Investment typeSpeculative
- Investment end date26.03.2023
- Remaining term22 months
- Expected rate of return10.5% p.a.
- Expected cash yield%
- No of investors698
- Goal€467 000
The goal of this investment opportunity is to refinance SIA “Baltijas jūras ģeoloģijas centrs” (BJGC) existing liabilities towards the Crowdestate investors. BJGC since January 2020 has successfully paid almost a third (233k) of the existing loan plus interest payments (88k). The company is looking for a new financing solution that better suits their needs and is more favourable.
The loan will be secured by a 1st rank mortgage on the real estate with 1,2 mil EUR market value, located at Pērnavas Street 49A, Salacgrīva, Salacgrīva district (currently secures existing Crowdestate loan). The real estate is owned by BJGC related company SIA “DKKrasts”.