Our newest investment opportunity from Latvia is 330 000 EUR1st rank mortgage-secured loan with 11,7% interest rate (p.a.) with a goal to refinance SIA <a href="https://www.hotelkolumbs.com/en-gb/home" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">Hotel Kolumbs</a> liabilities against the bank. Hotel Kolumbs is working hotel established in 2007, located in Latvian NBA star Kristaps Porzingis hometown <a href="https://liepaja.travel/en/homepage/" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">Liepaja</a>, which is an <a href="https://www.liepaja.lv/en/reachability/" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">economically dynamic Baltic Sea region port city with good infrastructural connections</a> – train, ferry, airport etc. Liepaja is the largest city in the Kurzeme region and the third largest in Latvia. Liepaja airport is the home base for the Air Baltic pilot academy and well connected with the busy Riga airport with 60 possible connected flights to various destinations around Europe.  The total investment amount of this campaign is 330 000 EUR with the annual interest rate of 11,7% over a 24-month period and increased 12,5-13,5% annual interest rate if loan period will be extended (max to 36 months). Interest payments are made at the end of each 12 month period and principal payments are made at the end of the loan period. The Project Sponsor has been successfully operating a centrally-located hotel in Liepaja city for several years. The Sponsor has to refinance its currently ending bank loan, but due to the uncertainty about potential further COVID impact on the hotel industry, the bank is looking to minimize its exposure in the hotel industry and therefore, the Sponsor is unable to prolong the loan. According to valuation from <a href="https://newsec.lt/en/" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">Newsec</a>, the market value of the business is 816 000 EUR and the real estate value of the hotel building is 730 000 EUR. This means that Crowdestate investors should have a safe position with a45% LTV ratio calculated from real estate value and an even better LTV ratio of 40% if calculated using business market price evaluation. According to conclusions from Newsec, the revenue analysis of previous years and current financial results of 2020 show that Sponsor should be capable of servicing interest payments of 330 000 EUR loan.

Invest in a working business in Latvia and earn 11.7% return p.a., secured by 1st rant mortgage.

Investment opportunity | Hotel Kolumbs

Our newest investment opportunity from Latvia is 330 000 EUR 1st rank mortgage-secured loan with 11,7% interest rate (p.a.) with a goal to refinance SIA <a href="https://www.hotelkolumbs.com/en-gb/home" target="">Hotel Kolumbs</a> liabilities against the bank. Hotel Kolumbs is working hotel established in 2007, located in Latvian NBA star Kristaps Porzingis hometown <a href="https://liepaja.travel/en/homepage/" target="">Liepaja</a>, which is an <a href="https://www.liepaja.lv/en/reachability/" target="">economically dynamic Baltic Sea region port city with good infrastructural connections</a> – train, ferry, airport etc. Liepaja is the largest city in the Kurzeme region and the third largest in Latvia. Liepaja airport is the home base for the Air Baltic pilot academy and well connected with the busy Riga airport with 60 possible connected flights to various destinations around Europe. The total investment amount of this campaign is 330 000 EUR with the annual interest rate of 11,7% over a 24-month period and increased 12,5-13,5% annual interest rate if loan period will be extended (max to 36 months). Interest payments are made at the end of each 12 month period and principal payments are made at the end of the loan period. The Project Sponsor has been successfully operating a centrally-located hotel in Liepaja city for several years. The Sponsor has to refinance its currently ending bank loan, but due to the uncertainty about potential further COVID impact on the hotel industry, the bank is looking to minimize its exposure in the hotel industry and therefore, the Sponsor is unable to prolong the loan. According to valuation from <a href="https://newsec.lt/en/" target="">Newsec</a>, the market value of the business is 816 000 EUR and the real estate value of the hotel building is 730 000 EUR. This means that Crowdestate investors should have a safe position with a 45% LTV ratio calculated from real estate value and an even better LTV ratio of 40% if calculated using business market price evaluation. According to conclusions from Newsec, the revenue analysis of previous years and current financial results of 2020 show that Sponsor should be capable of servicing interest payments of 330 000 EUR loan.

Working hotel with good location

Meie uusim investeerimisvõimalus Lätist on 330 000 euro suurune 1. järgu  hüpoteegiga tagatud laen, intressimääraga 11,7 aastas, mille eesmärk on refinantseerida SIA <a href="https://www.hotelkolumbs.com/en-gb/home" target="">Hotel Kolumbsi</a> kohustused panga vastu. Hotel Kolumbs on 2007. aastal loodud hotell, mis asub Läti NBA staari Kristaps Porzingise kodulinnas <a href="https://liepaja.travel/en/homepage/" target="">Liepajas</a> - majanduslikult dünaamiline <a href="https://www.liepaja.lv/en/reachability/" target="">Läänemere regiooni sadamalinn, millel on hea infrastruktuuriühendus</a> - rong, praam, lennujaam jne. Liepaja on Kurzeme piirkonna suurim linn ja suuruselt kolmas Lätis. Liepaja lennujaam on Air Balticu pilootakadeemia kodubaas ning on hästi ühendatud Riia lennujaamaga. Käesoleva kampaania raames soovib Sponsor kaasata 330 000 eurot. Intressimäär on 11,7% aastas ning algne investeerimisperiood 24 kuud. Juhul, kui laenuperioodi pikendatakse (maksimum 36 kuud) on pikendusperioodi jooksul  kõrgem intressimäär 12,5–13,5% aastas. Intressimaksed tehakse iga 12-kuulise perioodi lõpus ning põhiosa maksed laenuperioodi lõpus. Projekti Sponsor on Liepaja kesklinna hotelli edukalt juhtinud juba mitu aastat. Sponsor peab oma praegu lõppevat pangalaenu refinantseerima, kuid COVID-ist tekkinud ebakindluse tõttu hotellinduse sektoris soovib pank minimeerida oma riskipositsiooni, mistõttu ei ole võimalik Sponsoril laenu pikendada. <a href="https://newsec.lt/en/" target="">Newseci</a> hinnangul on ettevõtte turuväärtus 816 000 EUR ja hotellihoone kinnisvara väärtus 730 000 EUR. See tähendab, et Crowdestate'i investoritel peaks olema turvaline positsioon kinnisvara väärtuselt arvutatud 45% LTV suhtega ja veelgi parem 40% LTV suhe, kui see arvutada ärituru hindamise baasil. Newseci järelduste kohaselt näitavad eelmiste aastate tulude analüüs ja praegused 2020. aasta majandustulemused, et Sponsor peaks olema võimeline teenima 330 000 euro suuruse laenu intressimakseid.

Investeeri Lätis tegutsevasse ettevõttesse ja teeni 11,7% tootlust aastas. Tagatud esimese järjekoha hüpoteegiga.

Rahastuseesmärk:	€ 330000
Oodatav tootlus:	11.7 % aastas
Investeerimisperiood:	9 kuud
Riskikategooria:	A Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Hotel Kolumbs, Liepaja

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