Object

The mortgaged property is an apartment with a total area of 48,8 sq.m in a solid residential building completed in 1911. The one-bedroom apartment is located on one of the main city streets, in the area with well-developed infrastructure, and is only a 5 to 10 minute walk away from the Old City and main entertainment areas - museums, parks, theatres and sports arenas.

The loan target

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

Amount of the loan

62 400 EUR

Independent valuation of the property

104 000 EUR

Borrower

SIA 'Rasmuiža', Reg No.40103574290

Security

First rank mortgage

Repayment term

12 months

Repayment of the loan

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.