Status

90%

Aktiv

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Finanzierungsdaten (30/07/2019)

Finanziert
EUR 226.600,00
Finanzierungsschwelle
EUR 250.000,00
Min. investment
EUR 100,00

Einzelheiten

Land
Estland EE
Endtermin
07/08/2019 (121 Tage)
Total yield
11.92%
Verzinsung p.a.
11.00%
Laufzeit
13 Monate

Beschreibung

“This project provides Crowdestate investors with an opportunity to invest in development of row house development project in Tartu, Klaose st. 12 and Klaose st. 14, 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. As the result of this project, two row houses with six apartments in each will be built and sold. ┬áThe Sponsor of the project is established construction entrepreneur who functions also as main contractor in this project. The Sponsor is currently developing neighbouring properties at Aeru st. 9 and Aeru st. 11, building two row houses identical with Klaose st. row houses. Also this project was funded by Crowdestate investors. Aeru development is currently in process of applying for use permits. About 50% of Aeru st. row houses are sold, validating pricing and product also for current, Klaose st. development. Crowdestate investors have an opportunity to finance the construction of Klaose st. 12 and Klaose st 14 in the amount of EUR 760,000 in total. ┬áThe second funding round has an objective to raise EUR 250,000. ┬áThe loans are secured by first rank mortgage on the Klaose st. 12 and Klaose st. 14 properties. The loan term is 13 months. Fixed interest rate for this funding round is 11% per annum. There would be no periodical 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.”

Projektvorschau