Object

The mortgaged property is a 2,84 hectares large land plot in the Saldus district. The property is an agricultural production complex with cattle barn buildings, auxiliary buildings and agricultural land.

The two cattle barns are 1042 sq.m and 1489 sq.m large buildings. The other constructions on the property include a car wash area, manure storage, disinfection area and water reservoir. The property is one of the largest agricultural factories in the area and has a well-developed infrastructure and proximity to the main state highways.

Loan target

The loan is intended to increase the operating capital of the borrower’s company and will be invested in the company's business operations.

Amount of the loan

137 500 EUR

Independent valuation of the property

250 000 EUR

Borrower

SIA EURASIA LIVESTOCK (Reg. No. 40103740328)

Security

First rank mortgage

Repayment term

23 months

Repayment of the investments

The principal payment will be paid out at the end of the loan term while the accrued interest will be paid out every month.