The Company was founded in 2009 and is engaged in the real estate management business. The Company owns an exclusive residential property in Berģi, a residential private house area on the border with Riga. Besides, the Company has 3 daughter companies that each hold an apartment building in Riga (two of them in the old town). Currently, one of the shareholders of the Company is in the process of selling a developed land plot with a total area of 33,5ha. The proceeds of this sale were planned to be used to cover the operating costs of the Company and to repay the Estateguru loan. However, although there is a buyer for the property the sales process can take further several months and the current Estateguru loan expires on the 31st of March 2021. Until the conclusion of the sale of this asset, the Company is seeking financing of EUR 153,510 for 12 months to repay the Estateguru loan and to have a reserve for operating costs. Ledners are offered 13.20% annual (1.10% monthly) interest with the principal repayment at the end of the term from the sale of property proceeds of the shareholder.

The loan is secured with the mortgage pledge to another 5.5ha land property with a market value of EUR 200,000 (valued by Latio on the 10th of February 2021). In addition to the mortgage pledge, personal guarantees of both shareholders are provided. The Company is a repeat client of Capitalia and has repaid a EUR 100,000 loan with an excellent payment discipline.