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Category - Development loan
Total yield - 13% ( +1% on investments above 5000 EUR)
Payment frequency - Monthly interest payments
Collateral - 1st rank mortgage
Duration - 12 months
Country - Latvia
LTV - 67%
Secured with a first-rank mortgage, an attractive investment opportunity to participate in the five-story development project in Latvia, Riga, conducted by the experienced International developer.
The yield of the property is 13% but the investments above 5,000 EUR will generate additional +1%, in total generating yield of 14% per annum.
On a land plot with a total area of 2160 m2 at Bauskas 57, Riga, real estate development project is prepared with a cadastral number 01000520109 section 4109. The projected apartment building will consist of:
Riga is the most important economic, industrial as well as the cultural centre of the country. Located on both banks of the Daugava River, not far from its confluence to the Gulf of Riga. Bauska Home Residential complex is located in old Ziepniekkalns, Zemgale district, on the street Bauskas 57, which is one of the most dynamically developing areas of the city. The Zemgale suburb of Riga estimates 105 500 inhabitants.
The area has close proximity to schools, kindergartens, public communication hot points, business centres, several state institutions and car dealerships. The squares full of greenery, fresh riverside air or shopping centre “Riga Plaza” in just a couple of minutes walk, all together makes this part of the city a desirable destination for young families. Besides, the existing interest from potential buyers, sales forecasts confirm the high demand for new projects in this neighbourhood
Despite the fact that the appraisers consider the area as Ziepniekkalns, the project is rather located in the Tornakalns District, where the traffic jam is more flexible, making it possible to get to the city centre in under 10 minutes, regardless of the time of day, which makes this location very favourable and attractive for the living.
This object has passed Reinvest24 risks assessment and is secured by Collateral Agent mortgage.