DebtLand
Target € 192,000
Minimum Amount € 192,000
Minimum Investment € 50
€ 192,000 raised, 100%
100.0% Complete (success)

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.
Interest Rate 11.5%
Loan Period18M
LTV 55.0 %
Expires Funded
Investors416
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