The Company was established in 2005 and is an experienced and professional luxury residential real estate manager. It manages and is a partial owner of luxury residential real estate in Riga, Ausekļa street 4, consisting of 35 apartments, 6 non-residential premises, and 40 parking lots. The Company itself currently owns 2 apartments which are rented. A related company is providing property management services for the building. The Company is also involved in assisting in the sales and purchase processes of the apartments located in the building.

The Company has debt liabilities from another lender with a pledge on several properties. The loan agreement term is approaching, therefore the Company is seeking options to refinance the loans and sell some of the properties as initially planned. Currently, the Company is seeking a EUR 138,888 bridge loan for 12 months to refinance a loan from another lender secured with one property. The loan will carry a 12.96% annual interest rate (1.08% monthly) with monthly interest payments and principal repayment at the end of the loan term. Repayment of the loan principal is planned from the sale of the property during the loan term or further refinancing if the sales deal will not be concluded on time. The loan is secured with a mortgage pledge on ground floor commercial premises in Riga city center with a market value of EUR 192,000 (LTV 72%). In addition, a personal guarantee from the beneficial owner is provided.

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

• The loan is secured by a mortgage pledge on commercial premises in a prestige neighborhood of Riga with a market value of EUR 192,000 (LTV 72%).
• A personal guarantee of the Company’s owner is provided.
• The Company and its owner have more than 15 years of experience in the real estate industry.
• The Company is an existing client of Capitalia and has repaid a loan in the total amount of EUR 608,666 which was serviced with an excellent payment discipline.