Tag Archives: Bulkestate

New investment project announced by Bulkestate – Briezu Street II

Bulkestate announced today that it is preparing to launch a new investment project in Latvia: Briezu Street II.

Bulkestate - Briežu Street II

Bulkestate – Briežu Street II

Launch time: Tuesday 9 July 2019 / 12:00 (EEST)

Investment opportunity

Interest rate: 15% (+2%*)
Investment target: 120 950 EUR
Loan period: 12 months
Loan to value: 59%
Security: 1st rank mortgage

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New investment project in Latvia announced by Bulkestate – Marijas Street

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia: Marijas Street.

Bulkestate: Marijas Street

Bulkestate: Marijas Street

Launch time: Friday/ 17 May 2019 / 13:00 (EEST)

The object is located in the very centre of Riga and is one of the local cultural monuments.

Investment opportunity

Interest rate: 17% (+2%*)
Investment target: 1 750 000 EUR
Loan period: 9 months
Loan to value: 62%
Security: 1st rank mortgage

*Bulkestate incentive payment

For this project Bulkestate offers the following special incentive pay for investors:

  • Investors making EUR 10,000 or larger investment will receive 1% incentive payment from the invested amount, while
  • Investors making EUR 25,000 or larger investment will receive 2% incentive payment from the invested amount.
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New investment project in Latvia announced by Bulkestate – Saraiķi

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia: Saraiķi.

Bulkestate: Saraiķi

Bulkestate: Saraiķi

Launch time: Wednesday/ 27 February 2019 / 15:00 (EEST)

Investment opportunity

Interest rate: 14%
Investment target: 34 000 EUR
Loan period: 12 months
Loan to value: 45%
Security: Mortgage
Repayment date: 06.03.2020

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New investment project in Latvia announced by Bulkestate – Luku Street – 2nd Stage

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia: Lūku Street – 2nd Stage.

Launch time: Monday/ 14 January 2019 / 12:00 (EEST)

Lūku Street

Bulkestate: Lūku Street

Investment object

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.

Loan target

The borrower intends to refinance an existing loan to increase the operating capital of the borrower’s company.

Investment opportunity

Interest rate: 12%
Investment target: 32 275 EUR
Loan period: 6 months
Loan to value: 45%
Security: Mortgage

 

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New investment project in Latvia announced by Bulkestate – Blaumana Street – Launch 14 december 2018

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia: Blaumana Street.

Launch time: 14 December 2018 / 13:00 (EEST)

Bulkestate incentive payment


For this project Bulkestate offers the following special incentive pay (cash-back) for investors by sharing part of its fee received from the client:

  • Investors making EUR 10,000 or larger investment will receive 1% incentive payment from the invested amount, while
  • Investors making EUR 25,000 or larger investment will receive 2% incentive payment from the invested amount.
Interest rate: 15% (+2%)

Investment target: 386,400 EUR
Loan period: 6 months
Loan to value: 77%
Security: Mortgage

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New investment project in Latvia announced by Bulkestate – Apartment in “Sun Terraces” – Launch 16 october 2018

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia.

Launch time: Tuesday / 16 October 2018 / 17:00 (EEST)

Project information:

Interest rate: 16%
Investment target: 270,000 EUR
Loan period: 12 months
Loan to value: 70%
Security: Mortgage
For this project Bulkestate offers the following special incentive pay (cash-back) for investors by sharing part of its fee received from the client:

  • Investors making EUR 10,000 or larger investment will receive 1% incentive payment from the invested amount, while
  • Investors making EUR 25,000 or larger investment will receive 2% incentive payment from the invested amount.
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New investment project in Latvia announced by Bulkestate – Luku Street II – Launch 17 september 2018

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia, Riga.

Launch time: Monday / 17 September 2018 / 16:00 (EEST)

The property is located in Mārupe, which 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.

Project information:

Interest rate: 13%
Investment target: 58,000 EUR
Loan period: 12 months
Loan to value: 50%
Security: Mortgage
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New investment project in Latvia announced by Bulkestate – Nometnu Street – Launch 28 august 2018

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia, Riga.

Launch time: Tuesday / 28 August 2018 / 17:00 (EEST)

Project

Bulkestate OÜ has signed a purchase agreement for a property (land 2,077 square metres and building) located on Nometnu 18, Riga. The property is a part of Riga’s famous Art Noveau collection, a 4-storey apartment building in the Āgenskalns district. The surrounding area is a mix of residential houses and light commercial facilities. It is a convenient location, only 10 minutes away from the city centre and 15 minutes from the Riga airport. The building was owned and managed by the University of Latvia as a residential property.

The property includes 12 apartments and two commercial premises as well as an adjacent wooden building. All apartments and the wooden building have been reserved by buyers with contracted sales revenue 866,000 euros and 86.6 thousand euros paid to Bulkestate as a reservation deposit.

Location, quality of the building and significant discounts to the market price have facilitated fast sales process and high commitment from the buyers to complete the purchase.

Commercial premises will be sold after completion of apartment sales process. The expected sales price for these is 250 thousand euros.

Loan

The loan amount will comprise EUR 800,000 and will carry a 17% annual interest rate.

The loan will be used to finance payment of purchase price and transaction costs and will be repaid by payments for sold apartments.

Security

The loan is secured by a first rank mortgage on the building. The market price of the building has been defined as EUR 1,400,000 (LTV ratio is 57%).

The borrower

For technical reasons, loan agreement will be signed by LP Private Property SIA (a company controlled by Bulkestate OÜ) who will lend these funds to Bulkestate OÜ to pay the sellers of the building and associated transaction costs.

All funds received by Bulkestate from investors will remain at Bulkestate and will be directly used to complete the acquisition of the property.

Repayment schedule

Loan and accrued interest will be paid within 3 months.

*Bulkestate incentive payment

For this project Bulkestate offers the following special incentive pay (cash-back) for investors:

  • Investors making EUR 10,000 or larger investment will receive 1% incentive payment from the invested amount (representing 4% annual interest rate), while
  • Investors making EUR 25,000 or larger investment will receive 2% incentive payment from the invested amount (representing 8% annual interest rate).

 

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New investment project in Latvia announced by Bulkestate – Barona Dainas II – Launch 10 july 2018

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia.

Launch time: Tomorrow / 10 July 2018 / 16:00 (EEST)

The second phase of the project ‘Barona Dainas’ follows as the borrower has successfully completed the purchase of the property.

Interest rate: 18%

Investment target: 50,000 EUR
Loan period: 12 months
Future loan to value: 33%
Security: Equity

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New investment project in Latvia announced by Bulkestate – Launch 6 july 2018

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Bulkestate announced today that it is preparing to launch a new investment project in Latvia.

Launch time: Tomorrow / 6 July 2018 / 16:00 (EEST)

The property is a 2200 m2 large land plot on Lūku Street, in Mārupe district. The land plot is intended for private house construction. Mārupe is one of the closest private housing areas to Riga.

Interest rate: 13%

Investment target: 35,000 EUR
Loan period: 6 months
Loan to value: 49%
Security: Mortgage

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