The aim of the Project is to fine-tune and foster the currently undergoing works in the development stage of the land plot so that an actual building permit is issued by the municipality.
Target: EUR 60 000,00.
Loan term: 9 months.
Interest rate: 12% per annum.
Interest payments: paid monthly
Loan repayment: In full at the end of the Loan Term.
Prohibition (in part or as a whole) to alienate, assign, transfer; charge, mortgage, lien; divide or join to another land plot, without written permission of the Collateral Agent. This prohibition is being corroborated (enrolled) in the Land Book as a special prohibitory note legally binding to all third parties (“aizlieguma atzīme” – in Latvian).