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Zilu bridge loan (Riga, Latvia)

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Product Description

  • 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%)

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Investment goal:
179 000 €

Funded:
179 000 €

Funded percent:
100.0%

Country:
Latvia

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