Promotional project No. 3/10

Description

Project offers to make investments with the aim to increase the operating capital of the company and refinancing an existing loan with higher interest rate.

The borrower is an agricultural company registered in Latvia, dealing with crop production.

This investment opportunity offers to make a loan with 12% annual interest rate. Target to be raised in this fundraising phase is EUR 14820.56.

Loan is secured with a first-hand pledge on the real estate comprising 11.4 ha of agricultural land and 9.7 ha of forest land.

The borrower aims to repay the loan from incoming revenues or by refinancing with a long-term loan.

Owner of the borrower provides a personal guarantee in the full mortgage amount.