Object

The mortgaged property is an apartment with a total area of 52.7 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.

Loan target

The loan is intended to increase the operating capital of the borrower’s company.

Amount of the loan

89 050 EUR

Independent valuation of the property

137 000 EUR 

Borrower

SIA 'Cattle Express' (Reg No. 40103956068)

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.