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27 Lebedei str., Avantgarden3, B62, Brasov
CrowdEstate
financed
We are proud to present our first project in Romania as the next investment opportunity. Please read more about Romania and general information about the real estate market in Romania here. The goal for this opportunity is to finance the completion of an apartment building with 73 apartments, located at Lebedei 27, Avantgarden3, B62, Brasov. The building is part of Phase 4 of the Avantgarden3 development; a large scale development project by Maurer Imobiliare SA, one of the leading developers in Romania.  Crowdestate investors will have an opportunity to invest in mortgage secured senior construction loan in the amount of EUR 1. 4 million in total. The funding will be arranged in 3 tranches. The objective of this current funding round is to raise EUR 620 000.  The funds will be used to finance the construction costs until the finalization of the building.  Construction is 50% completed. More than 90% of the apartments are already sold with a significant amount prepaid — Sponsor has collected already 43% of total sales revenues as prepayments. The investment term for this project is up to 12 months.  The fixed interest rate for this opportunity is 13. 80% annually and the expected rate of return is 14. 70% per annum. The Sponsor will make monthly interest payments. The loan is secured by 1st. rank mortgage on the property under development.NA
06/12/2019 ■ 123 days
Splaiul Independentei 294, Bucharest
CrowdEstate
financed
We are proud to present our second project in Romania as the next investment opportunity. Please see more about Romania and general information about the real estate market in Romania here:Â https://blog. crowdestate. eu/en/2019/invest-in-romania-with-crowdestate/The goal for this opportunity is to finance the acquisition of two land plots, plus access way, in the total amount of EUR 1,100,000. The land plots are located at 294E Splaiul Independentei, 294F Splaiul Independentei, and 294 Splaiul Independentei, District 6, Bucharest. This land will be used for the development of a residential project of 220 apartments. The project is in the authorization stage, construction permit should be obtained by the end of Q1 2020. Â The investment term for this project is up to 12 months. The fixed interest rate for this opportunity is 15% annually. The Sponsor will make monthly interest payments. Â The loan is secured by the 1st. rank mortgage on the land under development (there are also some constructions on the land, but a demolition permit has already been obtained).NA
18/12/2019 ■ 111 days
27 Lebedei str., Avantgarden3, B62, Brasov (II)
CrowdEstate
financed
Senior construction loanNA
24/01/2020 ■ 74 days