Residential – Appartments

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Residential – Appartments

Originator: estateguru

Kr. Valdemara 34 purchase loan

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Product Description

  • The loan is used to purchase 2 apartments in Riga city center, to divide them into smaller apartments and sell them at a profit.
  • As a loan collateral, the company offers 2 apartments in Riga city center.
  • EstateGuru security agent will have the first rank mortgage on behalf of the lenders
  • The loan is repaid from the sale of the apartments within 24 months.
  • LTV (Loan-to-Value) ratio is 73%
  • Member of the Board of the Borrower is providing the personal guarantee in full mortgage amount.

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Funded: 134 862 €
Funded percent: 74.1%

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