Development loan /
Renovation in Riga

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The borrower raised additional capital to continue the renovation of apartments in Riga with a plan to repay loan from sales revenue of a completed development project.

  • 18 months
  • Type: Bullet
  • 11% interest rate annual
  • Loan amount €990 000
  • Ambassador fee: €4 950

THE CASE

Financing for the renovation of a residential house in Riga city center. The borrower’s plan was to create and sell modern apartments with high-quality finishings.

SOLUTION

Estateguru provided a development loan against the real estate collateral to provide the necessary capital over several stages. Repayment is taking place in parallel to the sale of apartments.

Pictures of the project

Common reasons to borrow from EstateGuru

With 98,206 international investors, both retail and institutional, EstateGuru is also the perfect showcase for your development. Our investors don’t just have tens of millions available to lend, they also regularly purchase a property they have invested in during development.

Benefits of development loan

  • Loan amount

    €20 000 - €5 000 000

  • Max LTV

    75%

  • Up to

    24 months

  • Interest rate

    9%

With 98,206 international investors, both retail and institutional, EstateGuru is also the perfect showcase for your development. Our investors don’t just have tens of millions available to lend, they also regularly purchase a property they have invested in during development.

1

Ringi street loan

Loan amount: €700 000 in 3 stages
Ambassador fee: €3 000

The borrower raised capital to develop a four-storey apartment building outside of Tallinn.

2

Aukštupis loan

Loan amount: €940 000
Ambassador fee: €4 700

The borrower raised capital to continue with construction works of a modern A+ energy class building featuring 26 apartments in Vilnius - Lithuania.

3

Renovation in Riga

Loan amount: €990 000
Ambassador fee: €4 950

The borrower raised additional capital to continue the renovation of apartments in Riga with a plan to repay loan from sales revenue of a completed development project.

Ambassador resource package

Here you will find all the required materials to introduce EstateGuru.

Download it here

Still have some questions?

Have any questions? Don’t hesitate to contact us directly by phone (+372) 53731020 or send email to agents@estateguru.co