<p>The loan will be used partly to refinance existing liabilities of the sponsor, and to continue the development of the twin house in Dreimaņu iela 19, Mežāres, Babīte county. Currently, the development is approximately 80% completed. The term of the loan will be 12 months and it will be secured with a 1st rank mortgage on the development, and will yield 14% per annum. Current market value of the development is 410,000 EUR, yet the finished value of the project is estimated to be 473,000 EUR. Therefore, the LTV for this tranche will be 28%. In total, investors will have the possibility to fund up to 287,000 EUR for this project.</p>

Invest in development in Babite and earn 14%

Investment opportunity | 14% return | 80% completed development

<p>The loan will be used to continue the development of the twin house in Dreimaņu iela 19, Mežāres, Babīte county. Part of the loan will be used also to refinance existing liabilities of the project owner. Currently, the development is approximately 80% completed. The term of the loan will be 12 months and it will be secured with a 1st rank mortgage on the development, and will yield 14% per annum. Current market value of the development is 410,000 EUR, yet the finished value of the project is estimated to be 473,000 EUR. The loan balance after this tranche will be 250,000 EUR. Therefore, the LTV for this tranche stands low at 61%. </p>

Latvia

Euro

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Dreimaņu iela 19, Babīte, Mežāres (V)

Funding goal:	€ 82300
Expected return:	14 % p.a
Investment term:	12 months
Risk category:	B Risk assessment model
LTV:	Low risk 61%
Capital stack:	Secured loan

Dreimaņu iela 19, Babīte, Mežāres (V)

Exited crowdfunding offer