The Sponsor intends to develop a Residential building on Maskavas street 65, Riga, which is located near the city center with a 7-10 minute drive to Riga old town and central station. To complete the design phase and reach the construction permit Sponsor is looking to attract EUR 90 000 loan secured by a 1st rank mortgage. Located in Maskavas street 65, Riga, Latvia, the cultural and historical part of the Maskavas suburb, the area has a dense traffic, various shopping centres, commercial buildings, kindergartens, parks, churches, residential buildings, medical centres and many other necessities available to the residents and people driving through the area. The location is a strategically good location for any building as the area is located near one of the main city’s streets which connects visitors coming from outside Riga, specifically, from southern-eastern cities The value of the property before the development of the project has been estimated at EUR 163 000. The loan period is 12 months from the disbursement of the loan with an interest rate of 11% a year. The Sponsor has unilateral right to extend the loan agreement on one occasion for a period of 6 months. The interest rate for an extended loan period is 12% per annum. The loan amount will be repaid as a lump sum at the end of the loan period or by refinancing at the end of the loan period latest, furthermore, the interest payments shall be paid quarterly.

Investment opportunity | Maskavas 65, Riga

The Sponsor intends to develop a Residential building on Maskavas street 65, Riga, which is located near the city center with a 7-10 minute drive to Riga old town and central station. To complete the design phase and reach the construction permit Sponsor is looking for a 90 000 EUR loan secured by a 1st rank mortgage on development land plot Maskavas 65, Riga. The land plot is located Riga, Latvia, the cultural and historical part of the Maskavas suburb, the area has dense traffic, various shopping centres, commercial buildings, kindergartens, parks, churches, residential buildings, medical centres and many other necessities available to the residents and people driving through the area. The location is a strategically good location for any building as the area is located near one of the main city’s streets which connects visitors coming from outside Riga, specifically, from southern-eastern cities The value of the property before the development of the project has been estimated at EUR 163 000. The loan period is 12 months from the disbursement of the loan with an interest rate of 11% a year. The loan amount will be repaid as a lump sum at the end of the loan period of earlier when construction will be started and the loan will be refinanced by construction financier. The interest payments will be paid on a quarterly basis.

Sponsoril on plaan välja arendada elamu, mis asub Riias Maskava tänaval, kesklinnast, vanalinnast ja pearaudteejaamast 7-10-minutilise autosõidu kaugusel. Projekti lõpuleviimiseks ja ehitusloa saamiseks soovib Sponsor Crowdestate investoritelt kaasata 90 000 eurot, mis on tagatud I järgu hüpoteegiga Maskava 65 arendusele ja selle krundile. Maatükk asub Lätis, Riias, Maskavase äärelinna kultuurilises osas. Piirkonnas on tihe liiklus, erinevad kaubanduskeskused, ärihooned, lasteaiad, pargid, kirikud, elamud, meditsiinikeskused ja palju muud. Asukoht on strateegiliselt hea mis tahes hoone jaoks, kuna piirkond asub linna ühe peamise tänava lähedal, mis ühendab väljastpoolt Riiat (Lõuna-Ida linnadest) tulevaid külastajaid. Vara väärtuseks on enne projekti väljatöötamist hinnatud 163 000 eurot. Investeerimisperiood on 12 kuud alates laenu väljamaksmisest, intressimääraga 11% aastas. Laenusumma makstakse ühekordse summana tagasi laenuperioodi lõpus, kui ehitust alustatakse ja laenu refinantseerib ehitusfinantseerija. Intressimakseid tehakse kord kvartalis.

Lühiajaline hüpoteegiga tagatud investeerimisvõimalus

Investeerimisvõimalus | Maskavas 65, Riia

La Società Sponsor del progetto vuole sviluppare un complesso residenziale a Riga, in via Maskavas 65, a soli pochi minuti dal centro della Capitale lettone, a pochi passi dai suoi quartieri più storici e dalla stazione centrale. Per completare la fase di progettazione ed ottenere il permesso di costruire, lo Sponsor sta cercando un prestito pari a 90.000 euro, garantito da un'ipoteca di primo grado sul terreno di via Maskavas 65. Il complesso residenziale sorgerà in uno dei quartieri più vivaci e attrattivi di Riga, denso di attività culturali, commerciali, musei, parchi, numerosi ristoranti e ospedali. Un quartiere vivo ed ottimamente servito dai mezzi pubblici e vicino ad una delle arterie principali della Capitale. Il valore della proprietà prima dello sviluppo del progetto era stimato a 163.000 €. Il periodo di durata dell'investimento è di 12 mesi con un interesse annuo pari al 11%. L'ammontare del capitale verrà ripagato in un’unica soluzione alla fine del periodo, una volta che cominceranno i lavori di costruzione e il prestito verrà rifinanziato. Il pagamento degli interessi avverrà con cadenza trimestrale.

Funding goal:	€ 90000
Expected return:	11 % p.a
Investment term:	12 months
Risk category:	B Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Maskavas iela 65, Rīga

Funded investments