Target € 192,000
Minimum Amount € 192,000
Minimum Investment € 50
Bauskas st bridge loan (Riga)
- The loan will provide capital for the buyout of land plots, for preparing the new capital structure of the project and for starting the design of the project.
- The loan collateral property is located in Riga in a quarter area between Bauska, Mazas Sterestu, Dignajas and Ziepniekkalna streets which by the Riga City Development Plan is a mixed construction area with residential function.
- The loan will be refinanced by a strategic partner, by own funds or by sale of the project within 18 months after the construction permit has been issued.
- The developers have extensive experience in the Latvian real-estate development.
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.