Kr. Barona Apartments - 4th stage
Closed for investment
The property is an apartment with a total area of 94,8 sq.m in a renovated residential building built in 1907 by the project of the architect Aleksandrs Vanags. The renovation works were carried out in 2018, renewing the facade, redesigning apartments, installing a new elevator and replacing all utilities.
Located at the centre of the city, the property is in close proximity to the most popular commercial and entertainment areas, Old Town, parks and museums as well as educational institutions.
The loan is intended to increase the operating capital of the borrower’s company, which will be used for other real estate development projects.
Amount of the loan
150 000 EUR
Independent valuation of the property
242 000 EUR
SIA “Riga Estates” (Reg. no. 40103911034)
This is a mezzanine loan where Bulkestate secures investors' interests through legal arrangements providing control over the management of transactions with the properties.
Repayment of the investments
The principal amount of the investment and the accrued interest will be paid out in a single payment at the end of the repayment term.