This real estate investment opportunity open for investing is a development loan, secured by a 1st rank mortgage with an LTV ratio of 32,6%. The sponsor is developing a 306m2 twin house in Marupe. The sponsor aims to raise 150 000 EUR to finance the continuation of construction works till the full completion of the twin house. The frame and facade of the twin house are completed, and the sponsor is planning to deliver units with complete internal finishing. The amount of completed construction works provides a very healthy LTV ratio of 32,6%. The loan will bear an 11% p.a. interest rate. Principal and interest payment will be done as a bullet payment at the end of the 8-month loan period or sooner if the internal works and sales deal will be completed earlier than expected.

Invest in development in Latvia and earn 11% p.a.

Investment opportunity | 11% return p.a.

Funding goal:	€ 150000
Expected return:	11 % p.a
Investment term:	14 months
Risk category:	A Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Skalbju iela 5, Mārupe

Exited crowdfunding offer