Grocery store (III)

Need:72 959.96€
Min.:0.00€
Interest rate:16%
Period:4 months
Target: 100 000€
Min. target: 10 000€
Opens: 2020/11/11
Expires: 2020/12/11
Type: Specialized
Location: Latvia
Investors: 270

Summary

The current investment opportunity offers CROWDESTOR investors to make a loan in the amount of 100 000 EUR

Latvian based real estate company has raised the capital for Maxima retail chain shop, a leading retail chain in Latvia, new premises in Satiksmes street 3, Riga. On 07.09 the object was officially commissioned and Maxima which is the leading retail chain in the Baltic States was able to move in. The shop was officially opened on the 29th of October 2020.

A non-breachable 10 years long-term contract has been signed ensuring stable and predictable cash flow for the Borrower. Cooperation is based on a built-to-suit lease model – agreement to reconstruct and suit premises for a single tenant. 

This is the second refinancing round of the Grocery store project. In this fundraising round, the target amount is 100 000 EUR. 

The CROWDESTOR loan is expected to be refinanced by a long-term senior debt from a local bank within 4 months.

Loan

Minimum target: 10 000.00 EUR
Maximum target: 100 000.00 EUR
Fundraising period 4 months
Interest rate: 16% p.a.
CROWDESTOR Provision fund:  Yes
Repayment: Interest payments are paid in bullet payment together with the Loan principal payment at the end of the Loan term
Security: Commercial pledge on real estate including all business tangible and intangible assets
Location: Latvia


 
Remember - interest rate payments start calculating from the day you make your investment!
 

The Project

Latvian based real estate company owns and manages several real estate objects including commercial premises in Satiksmes street 3, Riga. The company is raising capital to refinance the renovated and leased premises to a leading retail chain in the Baltic States - Maxima.

Maxima Group is a Lithuanian group of retail chain companies operating in Lithuania, Latvia, Estonia, Poland, and Bulgaria. It is the largest Lithuanian capital company and the largest employer in the Baltic states. Currently, Maxima Latvija SIA holds approximately 24% retail market share in Latvia. The Maxima Latvija brand has been recognized among the most popular brands in the country for several years in a row.

A non-breachable 10 years long-term contract has been signed ensuring stable and predictable cash flow for the Borrower. Cooperation is based on a built-to-suit lease model – agreement to reconstruct and suit premises for a single tenant on a long-term contract.

 

In annex:

  • Floor plan
  • Grocery store plan

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