Status

100%

Finanziert

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Finanzierungsdaten (12/12/2018)

Finanziert
EUR 200.000,00
Finanzierungsschwelle
EUR 200.000,00
Min. investment
EUR 100,00

Einzelheiten

Land
Estland EE
Endtermin
12/12/2018 (356 Tage)
Total yield
12.51%
Verzinsung p.a.
11.55%
Laufzeit
13 Monate

Beschreibung

“This project provides Crowdestate investors with an opportunity to invest in development of row house development project in Tartu, Aeru 9 and Aeru 11, located in exclusive Kvissental precinct. Kvissental is highly valued and private neighbourhood quite next to River Emaj├Ági on the northern border of Tartu, the second largest city in Estonia. ┬áAs the result of this project, two row houses with six apartments in each will be built and sold. Both houses are approx. 40% completed already, financed by SponsorÔÇÖs equity. ┬áThe Sponsor of the project is established construction entrepreneur who functions also as main contractor in this project. Crowdestate investors have an opportunity to finance the construction of Aeru 9 and Aeru 11 in the amount of EUR 570,000 in total. ┬áThe first funding round has an objective to raise EUR 200,000. ┬áThe loans are secured by first rank mortgage on the Aeru 9 and Aeru 11 properties as well as personal assurance in the amount of EUR 100,000 by Mr. Enn Mullamaa, a board member of Westwood Invest O├ť, the sponsor of this project. The loan term is 12 months and interest rate is fixed on 11% per annum. There would be quarterly interest payments. The loan will be returned and outstanding interest will be paid out according to sales as 100% of sales revenues will be transferred to payouts to investors, but not later than expiry date. The internal rate of return (IRR) of the first tranche is 11,55%.”

Projektvorschau