Residential – Appartments

Residential – Appartments

Originator: estateguru

Artilerijas 19/2 Bridge Loan

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Product Description

  • Loan is used for finishing the reconstruction works of the building.
  • As a loan collateral, the company offers 3 apartments in Riga city centre.
  • EstateGuru security agent will have the first rank mortgage on behalf of the lenders
  • Loan is repaid from the sale of the apartments in 12 months term.
  • LTV (Loan-to-Value) ratio is 53%
  • Member of the Board of the Borrower is providing a personal guarantee in full mortgage amount.

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Funded: 60 000 €
Funded percent: 100.0%

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