Commercial – Accomodation/Service

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Carnikava Bridge Loan

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Product Description

  • The loan is used to purchase summer cottage complex.
  • As a loan collateral, the company offers 14 summer houses, 1 summer kitchen and a pump station near Riga.
  • EstateGuru security agent will have the first rank mortgage on behalf of the lenders.
  • The loan is repaid from the sale of the houses after the renovation or refinancing within 12 months period.
  • Member of the Board of the Borrower is providing the personal guarantee in full mortgage amount.

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Investment goal:
65 000 €

Funded:
65 000 €

Funded percent:
100.0%

Country:
Latvia

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