Development of apartment building Tomsona 6 100% invested

Type:
Real Estate
Location:
Tomsona street, Riga, Latvia
Opens:
2018/11/06
Expires:
2018/12/07
Fully invested
still need
0.00€
Min.: 0.00€
from : 48457€
min. target: 40000€
Funding target:
48457
Minimum target:
40000
Investment period:
9 months
Interest rate:
12 %
Number of investors:
108

Summary

The aim of the Project is to fine-tune and foster the currently undergoing works in the development stage of the land plot so that an actual building permit is issued by the municipality.

Real estate development project for the land plot located at Tomsona iela 6, Riga, Latvia, land plot cadastral # 0100 024 0153, enrolled in subsection # 7832 of the Riga City Land Book Registry Division. With the marketability of the final outcome in mind, the aim is to commission and arrange for improvements of the currently prepared land plot Development Sketches (commissioned by the owner, and providing for a construction of a residential building).

The Land Book registry will contain an entry of note of prohibition for the benefit of Crowdestor Security Agent OÜ (prohibition to transfer, encumber, as well as hamper the unity of the Land Plot without permission of the Collateral Agent).

The loan will be repaid from the sale of the property or refinancing by a long-term bank loan.

 

Loan:

Target: EUR 60 000,00.

Loan term: 9 months.

Interest rate: 12% per annum.

Interest payments: paid monthly

Loan repayment: In full at the end of the Loan Term.

Collateral:

Prohibition (in part or as a whole) to alienate, assign, transfer; charge, mortgage, lien; divide or join to another land plot, without written permission of the Collateral Agent. This prohibition is being corroborated (enrolled) in the Land Book as a special prohibitory note legally binding to all third parties (“aizlieguma atzīme” – in Latvian).

Collateral Agent: Crowdestor Security Agent OÜ

 

Land plot:

Land plot located at Tomsona iela 6, Riga, Latvia, land plot cadastral # 0100 024 0153, enrolled in subsection # 7832 of the Riga City Land Book Registry Division (www.kadastrs.lv).

The size of the plot: 705 m2

Purchase value according to the Land Register: 134’500 EUR

Current pledges: none

 

Developer:

OM 21

Architecture and design:

www.openad.lv

 

In annex:

  • Land Register
  • Land border plan
  • MET
  • Agreement with Riga municipality
  • Building plans
  • GenPlan
  • Facade

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