Mailisu iela (IV)

With this project the Sponsor aims to raise funds to start the development process of a multi-apartment building complex on a waterfront (lakeside) area of 17,835 m2. The goal of this tranche is 90 600 Euros. The loan is raised for the purposes of partly financing purchase of the land and next tranches will attract funds needed for development stages.

The loan will be secured by a 1st rank mortgage, estimated market value of collateral is 1 025 000 Euros. The property is located near the Mežaparks urban forest in Riga, in a block between Mailīšu street and and Lake Ķīšezers. One side of the property is adjacent to Lake Ķīšezers, enabling unobstructed access to the lake, and creating conditions for setting up recreational infrastructure (boat pier, exercise and fitness equipment).