- The borrower has a long-term experience in property development in Baltic countries and the team behind the project has completed several residential developments in Riga.
- As a security, the borrower is offering the land plot in Riga.
- The borrower is raising capital for the period of preparation of the residential development and refinancing the current outstanding loan
- The loan will be returned either by refinancing with a strategic partner, repaid from own funds or by selling the collateral within 12 months.
- On behalf of the EstateGuru lenders, the 1.rank mortgage will be established for EstateGuru security agent.
- The borrower is paying additional 1% interest for investments over €10 000 (12,5%)