Object

The property is located in Jūrmala, Valteri, a seaside residential area near the Baltic Sea. It comprises of 2710 m2 large land plot, a residential building of 149,7 m2 and a garage of 36,6 m2. 

Valteri is a part of Jūrmala city, located between the Baltic Sea and river Lielupe. The infrastructure of the district is well-developed as the capital city Riga is only 20 km away. In near distance are markets, school and kindergarten as well as a bus stop and a train station.

Loan target

A loan is intended to refinance the current financial commitments of the borrower. While the borrower has repaid interest payments of the previous loan in full amount, only the principal amount of the loan is refinanced.

Amount of the loan

57 000 EUR

Independent valuation of the property

97 000 EUR 

Security

1^st rank mortgage

Repayment term

23 months

Repayment of the investments

Accrued interest will be paid every 6 months. The principal payment will be paid out at the end of the loan term.