The Company has been established in 2016 and is operating one grocery retail store. The store is located on the central Rīgas street in Ropaži – village 35km from Riga. The Company operates under well-known brand LATS. Store’s shopping hall area is 70 sq.m and it has 11 employees. The Company is seeking expansion financing of EUR 52,950 for 36 months period to renovate recently bought building to open a cafe. Investors are offered 10.68% annual interest rate (0.89% monthly) with monthly amortization (linear, not annuity). Loan is secured with collateral of a retail building in Ropaži with a total area of 453.3 sq.m and land plot 0.22 ha with a total market value EUR 176,500 as well as owner’s personal guarantee. 

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

• Financing is secured with real estate mortgage with LTV 30% and personal guarantee of the owner; 
• The Owner has a good reputation and 27 years of experience in retail and public catering business; 
• The Company does not have any other significant external liabilities and Capitalia will be the only secured creditor;
• The Company is operating in a stable industry that is little affected by external economic factors.