The mortgaged property is a 2200 m2 large land plot on Lūku Street, in Mārupe district.
Mārupe is one of the closest private housing areas to Riga. The main advantage of the region is the convenient traffic to the city centre, international airport and the seaside, at the same time preserving the green neighbourhood characteristic of the outskirts of the city.
The borrower intends to refinance an existing loan to increase the operating capital of the borrower’s company.
Interest rate: 12%
Investment target: 32 275 EUR
Loan period: 6 months
Loan to value: 45%