September 22, 2020
E-mail from Crowdestor
We would like to give you a status update that has been received from the Borrower SIA “Dizozols Investments”:
“Hereby I am sending an update on our operations.
We are very happy to inform you that the agreement of property sales has been signed.
At the moment such administrative procedures (the measurement of the last remaining properties, preparation of escrow accounts, transferring property rights in the land register, etc.) are left to finalize the deal. The price of assets was lower than we had budgeted at the beginning of the year, still satisfactory. We expect that the cashflow will begin by the end of November, therefore, we kindly ask you to be patient with interest payments until this moment. After that, the loans of ALL projects will be repaid BEFORE the initial repayment schedule.
Best wishes and stay safe,
RAIMONDS CIPE
SIA “Dizozols Investments” Chairman of the Board”