Filter projects
Ozolciema 4, LV-1058, Riga, Latvia
CrowdEstate
open
This investment project offers an opportunity to invest in a mortgage secured loan. Raised capital will be used for refinancing existing loans. The object of this investment opportunity is a development property, located at Ozolciema iela 4, Riga, Latvia. Ozolciema iela 4 (project name Dienvidu Pakavs 3) is a land plot with area of 14 978 m2. Development has obtained a building permit, allowing to build 19 644 m2 in two construction phases (above ground Gross Buildable Area, or the GBA), that would consist of up to 232 economy class apartments. The Sponsor to the project is SIA Mezkalna Invest (Latvia), owner of the property located at Ozolciema iela 4, Riga. Founders of SIA Mezkalna Invest have previously funded the acquisition and further development of the same property by Crowdestate investors. 50% of this loan is prematurely returned. With this investment round, Crowdestate investors will refinance the current Crowdestate loan, as the Sponsor predicts a faster price increase for apartments than for construction prices in Riga for the next two years, and therefore sees the opportunity to make the project more profitable by postponing construction by two years. The sponsor is planning to raise EUR 550,000. The duration of this real estate investment opportunity is 24 months with an early partial or full redemption option after 12 months. The Project offers Crowdestate's investors a fixed interest rate of 13,5% p. a. with annual interest payments. The first interest payment is due in 12 months. This real estate investment opportunity is secured by 1st charge mortgage on the Ozolciema iela 4 property. Collateral value is EUR 1. 1 million. Loan to value ratio (LTV) in this opportunity is therefore 50%.Secured debt
05/07/2019 ■ 16 days
Alborg Petrol
Kuetzal
open
Europe’s independent petroleum commodities trading houseDebt
N/A
High-end Row-House in Marupe #2
Kuetzal
open
SIA “AA Development” is developing and constructing 4-section Row-House in one of the most actively developing neighborhood of Riga - Marupe.Debt
N/A
High-end Row-House in Marupe
Kuetzal
open
SIA “AA Development” is developing and constructing 4-section Row-House in one of the most actively developing neighborhood of Riga - Marupe.Debt
N/A
Alborg Petrol
Kuetzal
open
Europe’s independent petroleum commodities trading houseDebt
N/A
Crypto-mining container #2
Kuetzal
open
ECMA is constructing crypto-mining container and filling it with self-made crypto-mining servers.Debt
N/A
Nemco (I)
CrowdEstate
financed
The purpose of this project is to finance the purchase of rental machinery for Latvian company SIA Nemco. The total amount of the purchase will be 750 400 EUR all funded by Crowdestate investors. The minimum goal of the campaign is 350 000 EUR. The loan is issued for a 36-month period with an interest rate of 13% per annum. If the loan will be repaid prior to 12 months of its term, additional interest will be added which could possibly increase investors’ return. This investment opportunity offers quarterly interest payments. The loan will be secured by previously purchased rental equipment (750 000 EUR) and currently purchased machinery.Secured debt
31/05/2019 ■ 51 day
Estera Development Holding
CrowdEstate
financed
This opportunity consists of providing an unsecured loan to Estera Development Holding OÜ (Estonia), a holding company owning land plots in three attractive locations in Riga and its metro area (Latvia). The aim of this Project is to allow the Sponsor to partly restructure its current capital structure and to provide financing for preparing its Latvian development land holdings for construction of apartments. The Sponsor, Estera Development Holding OÜ operates through wholly owned Latvian subsidiary companies, which are owners and developers of formentioned land portfolio. The same team has previously successfully concluded three funding campaigns through Crowdestate: Briezu 7a development project (funds returned to investors with early redemption), Mezkalna 4 development project (currently ongoing), Estera Development Makonkalns (currently ongoing). The repayment of the current loan is envisioned through sales of prepared land areas for development to new investors attracted by Estera Development before the start of construction. The Sponsor is planning to raise subordinated unsecured loans in total amount of EUR 750,000 to EUR 1,500,000 in one or several tranches. Shareholders of the Sponsor undertake to subscribe at least EUR 357,000 and up to EUR 750,000 of the total campaign amount. The duration of this investment opportunity is 30 months with maturity date set on 31. 12. 2021. The Sponsor is entitled for an early partial or full redemption option after 12 months after settlement of the loan agreement. Interest rate is fixed on 19% per annum, the Sponsor has committed to yearly interest payments with 12 months payment interval. The calculated internal rate of return (IRR) for this opportunity is 19,0%.Unsecured debt
23/05/2019 ■ 59 days
Estera Development (I) Makonkalns
CrowdEstate
financed
This project consists of providing a secured loan on the back of a collateral: Makonkalns development area on Riga city border in Kekava (Collateral). The development is designed for affordable economy class apartments aimed at local buyers in Riga, Latvia. The Sponsor, Estera Development OÜ, will use the funds raised from the current fundraising to provide construction equity financing to a new development they intend to put into construction in Q1 2019 called Liepziedi 2 (second stage of Briezu 7a development). The repayment of the current loan is envisaged from sales proceeds from Liepziedi 2 development as well as from sales proceeds of remaining apartments in Liepziedi 1 and Tuvidi project. This investment opportunity offers a fixed interest rate of 13,5% p. a. with the first interest payment in 12 months. The remaining interest and principal will be paid at the end of the loan term. It's secured by 1st rank mortgage on the Melnalkšņi”, “Vairumbāze”, “Akmenskalni”, “Virskalni”, “Zaļaiskalns” land plots in Kekava municipality, Latvia, with the combined collateral value of EUR 1 400 000. The duration is 24 months with a possible early partial or full exit. This is the first tranche of several, nevertheless, the maximum LTV (loan to value ratio) for all tranches shall be 50%. Secured debt
31/12/2018 ■ 202 days
Jaunsaules iela 1, LV-1083 Riga
CrowdEstate
financed
Botanique lofts located close to the Botanical Garden, will be a unique type of residential project - an old 3-story telecommunication building will be turned into stylish, high ceiling studio apartments perfectly suitable for students as well as expats and new families. The construction financing of the project will be separated into 6 campaigns organized according to the construction progress. The campaigns will amount from 40,000 to 275 000 EUR each (total investment amount up to 1,115,000 EUR). The expected return of each campaign will be 12,7% and fixed interest rate set at 13,5%. The total timeline of the project is expected to be 24 months - 12 months for reconstruction and 12 months for sale of apartments. According to the financial model, the loans would be returned and interest paid out latest by January 2020. As the Sponsor is obliged to return 70% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter.Secured debt
13/06/2018 ■ 403 days
Mezkalna 4, LV-1058 Riga, Latvia
CrowdEstate
financed
This real estate development Project, located at Mežkalna iela 4 (new address Ozolciema iela 4), Riga, Latvia, will consist of the acquisition of residential land plot, completion of architectural design and technical drawings. The aim of this real estate investment is to allow the developer to submit the documents for approval, receive the preliminary building permit within the next 6 months and to prepare the project for construction activities. Mežkalna iela 4 (project name Dienvidu Pakavs 3) is a land plot with a perspective development area of 18 882 m2 (above ground Gross Buildable Area, or the GBA), that would consist of up to 211 economy class apartments with a total net sellable area of 12 669 m2. The total plot size is 14 978 m2. The Sponsor to the project is RAC Holding OÜ (Estonia), owning 100% of the project company SIA Mezkalna Invest (Latvia), which would own the property located at Mežkalna iela 4, Riga. RAC Holding is effectively owned by the team of real estate developers, that crowdfunded their Briezu 7 development project through Crowdestate. The sponsor is planning to raise 750 000 - 1 025 000 EUR on one or more tranches. The duration of this real estate investment opportunity is 18 months, with an early partial or full redemption option after 12 months. The Project offers Crowdestate's investors a fixed interest rate of 15% p. a. with the first interest payment in 12 months. This real estate investment opportunity is secured by 1st charge mortgage on the Mežkalna iela 4 property (to be acquired, collateral value EUR 0. 95 million) and by 1st charge mortgage on the property at Briezu iela 9, Riga (collateral value EUR 1. 1 million).Secured debt
14/12/2017 ■ 584 days
Juglas Jauda
CrowdEstate
financed
This investment offers Crowdestate investors an opportunity to finance the buyout of 100% shares of energy production company in Latvia. Energy production plant operates a cogeneration and biomass plant that generates and sells electricity and heat in Riga city. The purpose of the deal carried out by the Sponsor (team of energy sector professionals Janis Timma and Agris Sipkovs) is to buy out 100% shares of the energy production company from its current owners. The Sponsor is investing EUR 1,800,000 equity to fund the transaction. Additionally, the Sponsor (through their SPV SIA Creati 1) is looking forward to raising EUR 1,500,000 additional funding from Crowdestate investors to complete the transaction. Total interest rate per base scenario is 23% per annum: 8% per annum interest paid out quarterly, 15% per annum interest and investment principal at the end of investment period. The loan term of the Project is up to 72 months but according to the base scenario, the Sponsor will make an early repayment of the loan between 24 - 36 months. In case of the base scenario, the early repayment will take place in 36 months, and the expected return on invested capital (IRR) in that case is 21. 01 % per annum. The main exit scenario of the project, based on the free cash flow and reduced principal to Nordea bank Latvia, is refinancing Crowdestate’s investor’s loan with a new senior loan issued by the bank.Secured debt
27/09/2017 ■ 662 days
Briezu iela 7a, Riga, LV-1034 Latvia
CrowdEstate
financed
The construction of Briezu 7A apartment building started at the peak of the real-estate boom in 2006. 2008 market crash stopped the construction activities and eventually the project changed ownership. The Sponsor acquired this development project from Swedbank’s Latvia real-estate unit 3 years ago. Crowdestate investors have the opportunity to fund the construction of this building in the amount of 750 000 EUR. The investment term of the project is up to 24 months with the expected interest rate of 15% per annum.Unsecured debt
30/09/2016 ■ 1024 days
European Crypto-Mining Association
Kuetzal
financed
ECMA is one of the first registered associations that is offering blockchain and cryptocurrency services in Europe.Debt
N/A
Velox homes
Kuetzal
financed
SIA “Velox Latvija” is designing, constructing and developing real estate objects in Latvia.Debt
N/A
Velox Row-House
Kuetzal
financed
SIA “AA Development” in cooperation with SIA “Velox Latvija” is designing, constructing and developing modern 3-section row-house in Riga.Debt
N/A
Row-House in Marupe
Kuetzal
financed
SIA “ALPA Būve” is developing and constructing 4-section row house in one of the most actively developing neighborhood of Riga- Marupe.Debt
N/A
VM Cargo - trailer and truck reseller
Kuetzal
financed
SIA “VM Cargo Service” is reselling trailers, trucks, semi-trailers, and all the spare parts.Debt
N/A
Velox Twinhouse
Kuetzal
financed
SIA “AA Development” in cooperation with SIA “Velox Latvija” is designing, constructing and developing modern twinhouse in Riga.Debt
N/A
Estera Development (II) Makonkalns
CrowdEstate
closed
This project consists of providing a secured loan on the back of collateral: Makonkalns development area on Riga city border in Kekava (Collateral). The development is designed for affordable economy class apartments aimed at local buyers in Riga, Latvia. The Sponsor, Estera Development OÜ, will use the funds raised from the current fundraising to provide construction equity financing to a new development they intend to put into construction in Q1 2019 called Liepziedi 2 (second stage of Briezu 7a development). The repayment of the current loan is envisaged from sales proceeds from Liepziedi 2 development as well as from sales proceeds of remaining apartments in Liepziedi 1 and Tuvidi project. This investment opportunity offers a fixed interest rate of 13,5% p. a. with the first interest payment in 12 months. The remaining interest and principal will be paid at the end of the loan term. It's secured by 2nd rank mortgage on the Melnalkšņi”, “Vairumbāze”, “Akmenskalni”, “Virskalni”, “Zaļaiskalns” land plots in Kekava municipality, Latvia, with the combined collateral value of EUR 1 400 000. The duration is 24 months with a possible early partial or full exit. This is the second tranche of this project, nevertheless, the maximum LTV (loan to value ratio) for all tranches shall be 50%. Secured debt
16/03/2019 ■ 127 days
Olaines Enerģija
CrowdEstate
closed
This investment offers Crowdestate investors an opportunity to refinance a part of shareholders equity of an operating natural gas cogeneration plant located in Olaine, Latvia. Total interest rate per base scenario is 18% per annum: 5% per annum interest paid out quarterly, 13% per annum interest and investment principal at the end of the investment period. The loan term is up to 48 months but according to the base scenario, the Sponsor will make an early repayment of the loan after 36 months, refinancing it with a debt from the current senior lender - Luminor Bank. In the case of the base scenario, the early repayment will take place after 36 months, and the expected return on invested capital (IRR) will be 15. 01% per annum. The loan is secured by a 2nd rank pledge on 100% shares of SIA Olaines Enerģija, 100% shares and assets of Target, and by a personal guarantee by Janis Timma.Equity
03/12/2018 ■ 230 days
Senior Residence
Kuetzal
closed
Reconstruction and development of most prestigious, innovative and nature friendly retirement house in Baltic States.Debt
N/A