Pending settlement
  • Deadline
    19.02.2021
  • Start of investment period
    01.01.1970
  • Start time
    12.02.2021 12:20
  • Asset class
    Office
  • Investment type
    Speculative
  • Investment end date
    19.02.2022
  • Remaining term
    11 months
  • Expected rate of return
    11% p.a.
  • Expected cash yield
    %
  • No of investors
    371
  • Goal
    €185 000

Executive summary

With this project, the Sponsor aims to raise 185 500 euros in order to provide capital to one of his businesses SIA First LatCard by securing the loan by a first lien mortgage on 191,8 m2 large office spaces in Riga city center.

The aim of the loan is to provide capital for operational and investment activities of the Sponsor's company SIA First LatCard (Reg. no. 40103645767).

The recent real estate value estimation document states that the real estate value of the pledged property is 270 000 EUR

which gives Crowdestate investors a position with an LTV ratio of 68,7%.

This bridge loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 11% annual interest rate.


Crowdestate

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