This investment opportunity is a 2 unit twin house in one of Latvia's most desired suburbs - Marupe. The sponsor of the project CMB Properties has successfully developed similar projects in Marupe before. The sponsor aims to rase funds to start the construction of the twin house in Ozolkalnu 14. The goal of this tranche is 160,000 EUR, which will be used to install outer carcass and roof of the house. The loan will be secured by 1st rank mortgages on the Development itself, and two additional land plots. In total, the market value of the mortgaged properties is 271,000 EUR, therefore the LTV for this project stands at 59%.The principal and interest payments will be made at the end of the loan term, following the sale of the newly built units.

Invest in development in Latvia and earn 14% p.a.

Investment opportunity |14% return p.a.

This investment opportunity is a 2 unit twin house in one of Latvia's most desired suburbs - Marupe. The sponsor of the project CMB Properties has successfully developed similar projects in Marupe before. The sponsor aims to rase funds to start the construction of the twin house in Ozolkalnu 14. The goal of this tranche is 19,600 EUR, which is the remaining amount of first tranche, 160,000 EUR. The proceeds of this tranche will be used to finance installation of the outer carcass and roof of the house. The loan will be secured by 1st rank mortgages on the Development itself, and two additional land plots. In total, the market value of the mortgaged properties is 271,000 EUR, therefore the LTV for this project stands at 59%.The principal and interest payments will be made at the end of the loan term, following the sale of the newly built units.

Latvia

Euro

Funding goal:	€ 19600
Expected return:	14 % p.a
Investment term:	18 months
Risk category:	B Risk assessment model
LTV:	Low risk 59%
Capital stack:	Secured loan

Ozolkalnu iela 14, Marupe (II)

Exited crowdfunding offer