• Experienced Real Estate Developer: The financed company has been operating in the real estate market since 1997. Over the course of its activities, it has developed projects with a total area exceeding 5 500 m², and is currently developing a multi-apartment project in Riga with an area of more than 10 000 m².
• Stable Cash Flow: The asset is leased out and generates approximately 150 000 EUR in annual net rental income. Income is received from tenants operating in different sectors, therefore the cash flow is distributed among several tenants.
• Attractive Commercial Location: The property is located in the southeastern part of Riga, in a developed commercial zone with good logistics and convenient access to the city center. Various businesses operate in the surrounding area, resulting in stable demand for commercial premises rentals.

Interest Rates Based on Investment Amount:
– From 100 EUR to 349 EUR – 8.60%
– From 350 EUR to 699 EUR – 8.80%
– From 700 EUR to 2 499 EUR – 9.00%
– From 2 500 EUR to 6 999 EUR – 9.25%
– From 7 000 EUR to 14 999 EUR – 9.50%
– From 15 000 EUR to 24 999 EUR – 9.80%
– From 25 000 EUR to 49 999 EUR – 10.10%
– From 50 000 EUR to 74 999 EUR – 10.50%
– From 75 000 EUR – 11.00%
Important: individual investments are not aggregated and cannot be combined.

About the Project:
BK26 Business Center is a fully operational commercial property located in Riga, Brāļu Kaudzīšu Street 26, Latvia. The business center generates approximately EUR 150,000 in annual net rental income. Income is derived from commercial tenants operating in different sectors, ensuring a diversified and stable cash flow. The total area of the property is 1,492.90 m², of which 1,268.40 m² consists of leasable commercial premises (offices and retail spaces). The asset comprises four separate commercial buildings.

The value of the property used for lending amounts to EUR 1,654,000 (approximately 9% yield). The project owner is currently in the process of selling the property, with an expected sale price of around EUR 1.9 million (approximately 8% yield). Accordingly, there is a possibility that the loan may be repaid earlier upon sale of the asset.

The property is located in Riga, the country’s main economic center, in the southeastern part of the city within a developed commercial area characterized by good logistics and convenient access to the city center and major transport routes. The location benefits from well-developed infrastructure and an active commercial environment, resulting in a stable market for commercial rental premises.

The company managing the project has extensive experience in real estate development and has been operating in the market since 1997. Over this period, the company has developed projects with a total area exceeding 5,500 m². Currently, it is also developing a residential project in Riga with a total area exceeding 10,000 m².

The project owner is pledging the property in order to refinance an existing loan from another credit institution and to ensure the company’s working capital needs.

Loan Information:
The loan will be repaid from proceeds of the asset sale or by refinancing the loan. Interest will be paid from the company’s operating income.

The maximum project financing amount is 1 300 000 EUR, of which 1 075 000 EUR will be raised secured by a first-ranking mortgage, and 225 000 EUR – by a second-ranking mortgage. The project is financed based on the current valuation of the pledged asset until the established maximum loan-to-value (LTV) ratio is reached.

The targeted amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if the funds are not collected.