CrowdEstate: “Crowdestate is an European crowdfunding platform offering real estate, business and mortgage loan investment opportunities.”
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Raekoja plats 13, 10146 Tallinn
CrowdEstate
open
Commercial property in Tallinn Old TownMezzanine
20/02/2020 ■ -1 days
Sala Bolognese, Bologna, Italy (I)
CrowdEstate
coming soon
Construction of a 4 two-floor apartmentsMezzanine
24/02/2020 ■ -5 days
Koru põik 9 (III), Saue vald, Alliku küla
CrowdEstate
financed
6-apartment row house in Laagri, EstoniaSecured debt
25/02/2020 ■ -6 days
Malatesta 8, Milano, Italy
CrowdEstate
financed
Transformation of a commercial property into a 2-bedroom apartment.Mezzanine
19/02/2020 ■ -0 day
Väike kaar 33c, Tartu
CrowdEstate
financed
14 serviced apartments in TartuSecured debt
14/02/2020 ■ 5 days
Pinturicchio 5, Milano, Italy (I)
CrowdEstate
financed
Development of 3 apartmentsMezzanine
13/02/2020 ■ 6 days
Suure-Pärna, Liikva
CrowdEstate
financed
Liikva Sun VillageSecured debt
05/02/2020 ■ 14 days
Nervesa 6, Milano, Italy
CrowdEstate
financed
Development of 2 residential unitsMezzanine
31/01/2020 ■ 19 days
Instituudi tee 132 (IV), 76401 Saue vald, Laagri
CrowdEstate
financed
Supermarket developmentSecured debt
29/01/2020 ■ 21 days
Via Mosso 49, Milano, Italy
CrowdEstate
financed
Development of 3 residential units in a growing area of MilanMezzanine
25/01/2020 ■ 25 days
27 Lebedei str., Avantgarden3, B62, Brasov (II)
CrowdEstate
financed
Senior construction loanSecured debt
24/01/2020 ■ 26 days
Paevälja tee 6, 8, 10, Lubja küla, Viimsi vald, Harjumaa (II)
CrowdEstate
financed
Mortgage secured row house development projectSecured debt
22/01/2020 ■ 28 days
Metsa tee 30, 32, 37 ja 41, Iru küla, Jõelähtme vald
CrowdEstate
financed
Development of 60 apartmentsUnsecured debt
17/01/2020 ■ 33 days
Instituudi tee 132 (III), 76401 Saue vald, Laagri
CrowdEstate
financed
As part of our new investment opportunity, investors will be able to finance the construction of a shopping center in Tallinn, Laagri on Instituudi tee 132 property. Total loan amount is up to EUR 1. 3 million and it will be funded through 3 rounds. The amount to be raised in current third and the last round is EUR 350,000. The loan is secured by a second-rank mortgage on Instituudi tee 132 property. Interest rate of the loan is 11. 2% on an annual basis and it is paid in a lump sum at the end of the loan period or when the property will be sold. Loan period is up to 9 months. IMPORTANT: The construction loan is secured by a 2nd rank mortgage and after the existing mortgage is removed, the Crowdestate investors' loan will be secured by a 1st rank mortgage on Institute tee 132 (see Project Description section). Based on Rimi’s request for preliminary legal protection the court has issued an injunction to suspend delivery of possession of leased premises at Instituudi tee 132 to Coop. Initially, the delivery of possession was planned to be completed in November 2019 and the shopping centre was planned to be opened on 15 December 2019. The Sponsor now aims to open the centre in March 2020. The Sponsor will file for the damages caused by the delay in the delivery of the premises. Crowdestate investors contributed equity investment in the same project in October 2018. The sponsor will build a 2,408 m2 shopping center for a leading retail chain Coop. The total space leased by the anchor tenant is 1,260 m2. The construction loan borrowed from Crowdestate investors and interest will be repaid by selling the income generating property to a financial investor. Construction loan and accrued interest will be repaid first. After that, equity investors' investment, preferred interest and profit share. The shopping center is being built by Nordlin Ehitus and construction has been finished. The Sponsor has so far financed the construction and preparatory work of the building from the equity capital and Crowdestate investors have funded EUR 950,000 in the first and second rounds.Secured debt
15/01/2020 ■ 35 days
Via De Coubertin, Potenza, Italy (III)
CrowdEstate
financed
Via De Coubertin, Potenza, Italy project aims at completing the construction of a 36 new apartment residential building, located in a valuable residential area of Potenza, Italy. The project is already fully started. The building, consisting of two main bodies, is currently under construction and is already built for over 50%. The completion of the works and the delivery of the apartments are estimated for next year, June 2020. This third tranche of fundraising aims at raising additional capital equal to 350 000€ to complete construction works. Sponsor is pushing construction works in order to finalize apartments by Summer 2020. In the last months construction work proceeded rapidly. Sponsor reduced project LTV paying back the whole 900. 000 Eur mezzanine loan during November 2019. The last tranche of bank loan, has was disbursed in September 2019, for a total bank loan of 2. 500. 000 Eur. The total sum of the senior loan and Crowdestate loan is be 3,6 million EUR and 20 apartments are needed to be sold to repay all of them. As of today, 24 apartments are already sold, over 65% of the total. Current sales allow Sponsor to repay all outstanding loans in total (attached sales report - updated December 2019). Project Sponsor is looking to raise the capital necessary to finance the completion of construction works, waiting to receive final payments from buyers once the apartments are delivered. Project’s total cost is EUR 5 678 350 and Sponsor contributed with an equity stake of EUR 900 000. Remaining funds were financed by a bank loan, Crowdestate loan and pre-sales. Crowdestate investors have the opportunity to earn a fixed annual interest of 12. 45% of the invested capital, through monthly interest payments and capital repayment at the end. Project duration is 12 months.Secured debt
10/01/2020 ■ 40 days
Giulio Cesare 85, Novara, Italy
CrowdEstate
financed
Purchase, renovation and resale of a large apartmentMezzanine
10/01/2020 ■ 40 days
SIA BJGC
CrowdEstate
financed
The goal of this investment opportunity is to refinance SIA BJGC’s existing liabilities towards the bank. SIA BJGC has presented several collaterals to secure the loan (in project description), as well as have several projects in the pipeline for the upcoming years with total worth over 3 MEUR, biggest being flood preventing project in Riga (1,3 MEUR) and lake dredging in Kazakhstan (2,9 MEUR). SIA BJGC operates mainly in the Baltic market and develops service export. SIA BJGC has several competitive advantages over others in the industry:SIA BJGC is the only aquatory and waterway dredging and purification specialist in the Baltics. As well as the only representative of the German technology (HUESKER GmbH) in the Baltics. SIA BJGC provides environmentally friendly water treatment: the pumped material is placed in geosynthetic containers, dewatered and stored/recycled. The sludge or sediment is treated with a flocculant, which allows the contaminated part to be separated and dewatered, producing dry soil. The process does not require the usage of sea dumpsSIA BJGC specializes in closed water area services. The total investment amount of SIA BJGC campaign is 700 000 EUR with the annual interest of 14% over a 24-month period. Interest and principal payments are made quarterly.Secured debt
06/01/2020 ■ 44 days
Klaose tn. 12, 14, Tartu 51013 (IV)
CrowdEstate
financed
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 Emajõgi 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. The Sponsor of the project is established construction entrepreneur who functions also as main contractor in this project. The Sponsor is currently commissioning neighbouring properties at Aeru st. 9 and Aeru st. 11, two row houses identical with Klaose st. row houses. Also this project was funded by Crowdestate investors. 2 apartmetns from Klaose st. development has been sold and one booked. Crowdestate investors have had an opportunity to finance the construction of Klaose st. 12 and Klaose st 14 in the amount of EUR 680,000 in total so far. The current fourth and final funding round has an objective to raise EUR 80,000. The loans are secured by first rank mortgage on the Klaose st. 12 and Klaose st. 14 properties. The loan term is 8 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.Secured debt
31/12/2019 ■ 50 days
Taevasilma tn 5, Alliku küla, Saue vald (IV)
CrowdEstate
financed
The amount to be raised in the fourth round of Taevasilma 5 row-house development is EUR 200,000. Crowdestate investors are financing the construction of the 10-apartment row-house in Veskimöldre-2 residential area in total amount of EUR 1,110,000. The amount raised in first three campaigns was EUR 700,000. The loan is secured by a first rank mortgage on Taevasilma St. 5 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 9 months (term of the agreement September 30th, 2020). The construction works of Taevasilma 5 row-house is in interior phase - plastering and painting of walls and ceilings; installation of floor coverings; ventilation works. The Sponsor's previous row-house project funded by Crowdestate investors at adjacent Metsapargi St. 6 plot was successful, investors' capital was returned on time and Sponsor has launched a project of the same size at Taevasilma St. 5 to meet the demand for row-house apartments. The sales prices for apartments are between 199,000 and 219,000 euros. The size of each apartments is 115. 1 m2.Secured debt
27/12/2019 ■ 54 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: 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. 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. 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).Secured debt
18/12/2019 ■ 63 days
Aeru 9/11, Tartu 51017 (IV)
CrowdEstate
financed
Our next project presents an opportunity to invest in mortgage secured loan in amount of EUR 400,000. Security includes 7 new completed terraced house apartments in exclusive Kvissental district, at Aeru St. 9 and Aeru St. 11, Tartu, Estonia. Recently completed and partly commissioned row house development at Aeru St. 9 and 11 includes 12 apartments in total. 5 apartments are already sold and ownership has been transferred to new owners. 7 unsold apartments function as underlying asset for this loan. The Sponsor of the project is established construction entrepreneur who is also the developer of Aeru St. 9 and 11 row houses. The Sponsor intends to use collected funds to partially refinance existing liabilities and partly to allocate the funds as working capital to other projects. The sponsor has previously raised capital from Crowdestate investors for development of Aeru St. 9 / 11 and Klaose St. 12 / 14 properties. The loan is secured by a 1st. rank mortgage on unsold apartments. The market value of these apartments is EUR 770,000 excluding VAT. The loan term is 12 months and interest rate is fixed on 11% per annum. Sponsor has agreed to quarterly interest payments. The internal rate of return (IRR) for this project is 11,47%. 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 the expiry date. Loan-to-value-ratio (LTV) for this loan is 57,61%.Secured debt
18/12/2019 ■ 63 days
Armanna Superiore, Imperia, Italy (I)
CrowdEstate
financed
Armanna Superiore, Imperia, Italy project involves the construction of 7 villas, in Imperia, located near the coast and the city center, with a panoramic view of the sea. The total area on which the project is developed is approximately 5,000 sqm, of which 570 sqm are residential buildings, which will be divided into 7 exclusive terraced villas. The building is located in the town of Imperia, the main town on the western Ligurian coast, and the project differs from other buildings in the area due to the high quality of construction standards, together with a privileged sea view. The Sponsor, Edil Sorbara Srl, started the construction in March 2019 and estimates to complete it by December 2020. To date, construction works are completed at 20% and the sales phase just began in November 2019. Through Crowdestate, the Sponsor is looking to raise the capital necessary to finance part of the construction works. The total cost of the project is around 1 240 000 EUR and the Sponsor contributes with the equity stake of 400 000 EUR. The remaining funds are financed by a bank loan of 250 000 EUR (already disbursed) and by the crowdfunding loan for 500 000 EUR (divided into separate fundraising tranches). Investors expected return (IRR) is 11. 47% on an annual basis and the repayment date for the loan is expected for March 2021. Additional fundraising tranches will be launched based on the progress of construction work, starting from January 2020. The Sponsor has the option of repaying the loan in advance, and not proceeding with the future fund-raising tranches, should the sales of the villas proceed faster than planned. The investment duration is expected to be up to 15 months. The Sponsor has committed to quarterly interest payments. The loan is secured by a commercial pledge on company shares in addition to a personal guarantee of the owner for a value of 200 000 EUR.Mezzanine
13/12/2019 ■ 68 days
Agordat 13, Milano, Italy
CrowdEstate
financed
Acquiring an income generating propertySecured debt
06/12/2019 ■ 75 days
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.Secured debt
06/12/2019 ■ 75 days
Koru põik 9 (II), Saue vald, Alliku küla
CrowdEstate
financed
6-apartment row house in Laagri, EstoniaSecured debt
04/12/2019 ■ 77 days
Instituudi tee 132 (II), 76401 Saue vald, Laagri
CrowdEstate
financed
As part of our new investment opportunity, investors will be able to finance the construction of a shopping center in Tallinn, Laagri on Instituudi tee 132 property. Total loan amount is up to EUR 1. 3 million and it will be funded through 4 rounds. The amount to be raised in current second round is EUR 610,000. The loan is secured by a second-rank mortgage on Instituudi tee 132 property. Interest rate of the loan is 11. 2% on an annual basis and it is paid in a lump sum at the end of the loan period or when the property will be sold. Loan period is up to 11 months. IMPORTANT: The construction loan is secured by a 2nd rank mortgage and after the existing mortgage is removed, the Crowdestate investors' loan will be secured by a 1st rank mortgage on Institute tee 132 (see Project Description section). Crowdestate investors contributed equity investment in the same project in October 2018. The sponsor will build a 2,408 m2 shopping center for a leading retail chain Coop. The total space leased by the anchor tenant is 1,260 m2. The construction loan borrowed from Crowdestate investors and interest will be repaid by selling the income generating property to a financial investor. Construction loan and accrued interest will be repaid first. After that, equity investors' investment, preferred interest and profit share. The shopping center is being built by Nordlin Ehitus and the construction deadline is December 15, 2019. Construction works are on schedule. The Sponsor has so far financed the construction and preparatory work of the building from the equity capital and Crowdestate investors have funded EUR 340,000 in the first round.Secured debt
02/12/2019 ■ 79 days
Oksa 6a (II), 11316 Tallinn
CrowdEstate
financed
Secured development loanSecured debt
29/11/2019 ■ 82 days
The Frame, Marina di Massa, Toscana (II)
CrowdEstate
financed
The Frame, Marina di Massa, Tuscany project aims at the recovery of a disused building through the creation of 10 exclusive apartments, located in the main street just a few steps from the sea of Marina di Massa, one of the most famous and tourist town on the Tuscany coast. The total area on which the project is developed is approximately 1000 m2. The Sponsor company, "Lastastaplus srl", purchased the building in January 2019, which initially had an “accommodation” destination of use and had been abandoned for several years. The Sponsor, after the purchase of the property, prepared the documents and applied to transform the building into 10 exclusive residential apartments. The building permit was released on May 2019. The property is located in the very center of Marina di Massa, just 200 meters from the sea and from the bathing establishments. As of today, the Sponsor has already started the preliminary preparatory work to begin the renovation activity and plans to complete renovation works and the sales of 10 apartments by the end of 2020. The Sponsor, through Crowdestate, is looking the second fundraising tranche to go on with the renovation work. The total cost of the project is approximately 2 250 000 EUR and the Sponsor contributes with the equity stake of 700 000 EUR. Remaining funds are financed by the crowdfunding loan for 400 000 EUR (divided into two tranches of 200 000 EUR each) and pre-sales for 680 000 EUR. The expected return for investors is 11. 42% on an annual basis and the completion date is expected in December 2020.Mezzanine
15/11/2019 ■ 96 days
Taevasilma tn 5, Alliku küla, Saue vald (III)
CrowdEstate
financed
Row house with 10 apartmentsSecured debt
14/11/2019 ■ 97 days
Veskimöldre 2 (IV)
CrowdEstate
financed
Residential land development in VeskimöldreMezzanine
11/11/2019 ■ 100 days
Päevalille 2, 13517 Tallinn (II)
CrowdEstate
financed
Rocca Villa is a new residential development project, located in Haabersti district of Tallinn, executed by the largest Estonian residential real estate developer Endover Real Estate. Rocca Villa is the first of 5 new residential and mixed-use buildings forming a new Rocca Towers complex. Endover Real Estate is a well-known Sponsor to Crowdestates' investors as Crowdestates' investors have previously crowdfunded 12 different development projects by Endover Real Estate - 9 of them have already been successfully exited and 3 are in their development stage. Endover Real Estate has a long, proven track record as a professional real estate developer and a highly successful sales and marketing organization. This project presents an opportunity for Crowdestate investors to invest EUR 200,000 and participate in the further development of Rocca Villa residential building at the address Päevalille St 2 (former address Ehitajate tee 145), Tallinn. Current opportunity is the first funding round for refinancing acquisition and financing construction of Päevalille St 2. The Sponsor intends to raise EUR 1,200,000 of mortgage secured senior debt in total. Outcome of this current funding round will be used to refinance acquisition of Päevalille 2 property. The investment term is up to 18 months. This investment earns a 10,5% annual interest, payable quarterly. The estimated internal rate of return (IRR) of this investment is 10,88%. The loan is secured by 1. rank mortgage on the property.Secured debt
11/11/2019 ■ 100 days
Päevalille 2, 13517 Tallinn
CrowdEstate
financed
Rocca Villa is a new residential development project, located in Haabersti district of Tallinn, executed by the largest Estonian residential real estate developer Endover Real Estate. Rocca Villa is the first of 5 new residential and mixed-use buildings forming a new Rocca Towers complex. Endover Real Estate is a well-known Sponsor to Crowdestate' investors as Crowdestate’s investors have previously crowdfunded 12 different development projects by Endover Real Estate - 9 of them have already been successfully exited and 3 are in their development stage. Endover Real Estate has a long, proven track record as a professional real estate developer and a highly successful sales and marketing organization. Crowdestate’s investors have an opportunity to crowdfund up to EUR 200,000 and participate in the development of Rocca Villa residential building at the address Päevalille St 2 (former address Ehitajate tee 145), Tallinn. The investment term is up to 18 months. This investment earns a 13,5% annual interest, payable quarterly. The IRR of this investment is 14,21%. The loan is secured by 2. rank mortgage on the property.Mezzanine
08/11/2019 ■ 103 days
Tuletorni tn 1, 11414 Tallinn
CrowdEstate
financed
With our new project, investors will have the opportunity to participate in equity investment of the residential development project around upper Tallinn lighthouse in Pae district. 1Partner Advisory, together with financial investors (Sponsor), offers Crowdestate investors the opportunity to finance the Lighthouse Development Project with equity in amount of EUR 500,000. The entire amount will be raised in one ongoing campaign. The project has a total equity need of EUR 1,000,000 and Crowdestate investors have a 50% stake in the project. The Sponsor participates in the project's equity with a cash payment in the amount of EUR 500,000. 1Partner Advisory participates in the project both as an investor and a project manager. The Project will include the construction of a comprehensive and gated residential area - 5 new small apartment buildings (30 apartments) and historic buildings surrounding the lighthouse will be renovated into private and semi-detached houses (7 apartments). The project covers a total sellable area of 2,578. 5 m2 (incl. 1,883. 3 m2 of new apartment buildings and 695. 2 m2 of houses being renovated). Construction permits for 5 new apartment buildings are in place and construction is scheduled to begin in December 2019 or January 2020. Building permit for renovation is expected in February 2020 and renovation works are expected to begin in autumn 2020. The Sponsor has entered into a preliminary contract for acquisition of the lighthouse property. Seller's responsibility is to obtain building permits and to complete all the technical and architectural design. Investors’ capital and profit share will be paid from the apartments sale after the mortgage loan and potential subordinated loan. Expected exit time will be in 26 months and base-scenario return rate (IRR) is 20. 2%.Equity
08/11/2019 ■ 103 days
Instituudi tee 132 (I), 76401 Saue vald, Laagri
CrowdEstate
financed
As part of our new investment opportunity, investors will be able to finance the construction of a shopping center in Tallinn, Laagri on Instituudi tee 132 property. Total loan amount is up to EUR 1. 3 million and it will be funded through 4 rounds. The amount to be raised in current first round is EUR 340,000. The loan is secured by a second-rank mortgage on Instituudi tee 132 property. Interest rate of the loan is 11. 2% on an annual basis and it is paid in a lump sum at the end of the loan period or when the property will be sold. Loan period is up to 12 months. IMPORTANT: The construction loan is secured by a 2nd rank mortgage and after the existing mortgage is removed, the Crowdestate investors' loan will be secured by a 1st rank mortgage on Institute tee 132 (see Project Description section). Crowdestate investors contributed equity investment in the same project in October 2018. The sponsor will build a 2,408 m2 shopping center for a leading retail chain Coop. The total space leased by the anchor tenant is 1,260 m2. The construction loan borrowed from Crowdestate investors and interest will be repaid by selling the income generating property to a financial investor. Construction loan and accrued interest will be repaid first. After that, equity investors' investment, preferred interest and profit share. The shopping center is under construction - the building's frame and roof have been installed, sandwitch panels, external networks and access roads are being constructed. The shopping center is being built by Nordlin Ehitus and the construction deadline is December 15, 2019. The Sponsor has so far financed the construction and preparatory work of the building from the equity capital.Secured debt
17/10/2019 ■ 125 days
Klaose tn. 12, 14, Tartu 51023 (III)
CrowdEstate
financed
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 Emajõgi 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. The 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 40% of Aeru st. row houses are sold (incl. 3 ownership transfers and 2 bookings), validating pricing and product also for current, Klaose st. development. 2 apartmetns from Klaose st. development has been booked. 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. The current third funding round has an objective to raise EUR 180,000. The loans are secured by first rank mortgage on the Klaose st. 12 and Klaose st. 14 properties. The loan term is 10 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.Secured debt
11/10/2019 ■ 131 days
Kreutzwaldi 59c, 65610 Võru (X)
CrowdEstate
financed
Mortgage-backed residential construction loanSecured debt
11/10/2019 ■ 131 days
Tulbi tee 3 (II), Viimsi
CrowdEstate
financed
Crowdestate investors will be able to invest in a new mortgage-backed 18-month loan. AS Enko is planning to raise EUR 530,000 with a maturity of 18 months for the company’s working capital needs. Loan interest rate is 11% on an annual basis and interest payments are quarterly. The loan will be secured by a first-rank mortgage on Tulbi tee 3 property (21,439 m2, commercial land) and adjacent residential land plots - 13 properties with a total of 23,164 m2. The loan maturity is 18 months and it will be repaid from the sale of properties or by refinancing Crowdestate investors’ loan. The internal rate of return (IRR) for a loan with quarterly interest payments is 11. 4%. The loan-to-value ratio (LTV) is 50% and Crowdestate investors’ loan principal risk is 11. 9 EUR per sq m.Secured debt
02/10/2019 ■ 140 days
"Frame", Marina di Massa, Toscana
CrowdEstate
financed
The Frame, Marina di Massa, Tuscany project aims at the recovery of a disused building through the creation of 10 exclusive apartments, located in the main street just a few steps from the sea of Marina di Massa, one of the most famous and tourist town on the Tuscany coast. The total area on which the project is developed is approximately 1000 m2. The Sponsor company, "Lastastaplus srl", purchased the building in January 2019, which initially had an “accommodation” destination of use and had been abandoned for several years. The Sponsor, after the purchase of the property, prepared the documents and applied to transform the building into 10 exclusive residential apartments. The building permit was released on May 2019. The property is located in the very center of Marina di Massa, just 200 meters from the sea and from the bathing establishments. As of today, the Sponsor has already started the preliminary preparatory work to begin the renovation activity and plans to complete renovation works and the sales of 10 apartments by the end of 2020. The Sponsor, through Crowdestate, is looking to raise part of the capital necessary to finance the renovation work. The total cost of the project is approximately 2 250 000 EUR and the Sponsor contributes with the equity stake of 700 000 EUR. Remaining funds are financed by the crowdfunding loan for 400 000 EUR (divided into two tranches of 200 000 EUR each) and pre-sales for 680 000 EUR. The expected return for investors is 11. 42% on an annual basis and the completion date is expected in December 2020.Mezzanine
27/09/2019 ■ 145 days
Veskimöldre 2 (III)
CrowdEstate
financed
Current investment opportunity is the third funding round for Veskimöldre-2 residential area infrastructure construction (Koru basic school-kindergarten). In Veskimöldre-2 project, roads and communications have been built and sale of plots is in progress - 35% of plots is sold. The Sponsor has already invested EUR 10 million and there is yet to meet the investment commitment of EUR 1. 2 million agreed with the municipality in the planning process, for which a EUR 950,000 loan is applied from Crowdestate investors. From the first round funded by Crowdestate investors in February 2019, the Sponsor has sold 11 residential plots and the principal of the first round loan has been reduced from EUR 500,000 to EUR 209,000. Funding is provided in three parts. Current third round funding is in amount of EUR 230,000. The investment is secured by a 3rd ranking mortgage on 106 residential plots (173,319 m2) valued at EUR 9. 05 million (excluding VAT). The balance of the first and second ranking mortgage loan is EUR 2. 9 million. LTV of the project is 39% (the ratio of mortgage-secured loan principals to value of 106 plots). In addition to the mortgage, parent company Brave Capital OÜ has issued a guarantee of EUR 200,000. Crowdestate investors' loan bears an interest rate of 15% per annum. Interest payments are quarterly and the principal amount will be returned from the sales income of residential plots of Veskimöldre-2 - 20% from the sales value (excluding VAT) of each plot will be transferred as repayment of Crowdestate investors' loan. The investment period is up to 17 months. The expected return (IRR) on a loan with quarterly interest payments is 16. 1%. The development of Veskimöldre-2 residential area includes 167 single-family house plots, 121 row house apartments, a supermarket, dining places, health trails, schoolhouse. Residential plots are priced between EUR 90,000 and EUR 160,000 (average EUR 115,000) and average plot size is 1606 m2.Mezzanine
23/09/2019 ■ 149 days
Paevälja tee 6, 8, 10, Lubja küla, Viimsi vald, Harjumaa
CrowdEstate
financed
The purpose of current investment opportunity is to provide bridge loan to finance the construction of 12 apartments (row house) in 3 separate row houses at Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10, Viimsi, Estonia in the amount of EUR 400,000. The loan is secured by a first rank mortgage on 11 apartments of Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10 properties. The investment earns a fixed interest rate at 11% p. a. and the loan agreement is scheduled for 12 months. The project includes 12 luxurious 2 floor apartments with big terraces on the roof, which will be done in exclusive design using high-quality decorative materials. As of today, 2 apartments has been sold. The construction works at Paevälja tee 6, Paevälja tee 8 and Paevälja tee 10 are ongoing - foundations and walls of the first floors have already been completed; at Paevälja tee 6, the second-floor walls have been completed as well. All communications have already been paid for and installed. Construction works are scheduled to last until summer 2020. According to the professional evaluator, the current construction works readiness stage is around 15-20%. The sales prices for apartments have been set to 295,000 - 315,000 euros per unit (approx. 1700 EUR/m2) (one of the most expensive units is sold). The size of apartments ranges from 170,4 to 185,4 m2, each apartment has individual courtyard sized from 267 to 669,4 m2. The bridge loan gives the Sponsor the opportunity to finance further construction up to the sale of 4 apartments, which opens the possibility of obtaining a bank loan. By the time the project was published, 2 apartments have been sold. The source of loan repayment is refinancing through a bank loan.Secured debt
13/09/2019 ■ 159 days
Sinika tee 2 / 4 / 6 / 8 / 10 / 12/ 14 / 16 , Järveküla, Rae vald, 75304 Harjumaa
CrowdEstate
financed
In our next financing project, we are offering the opportunity to invest in a secured bridge loan used to refinance current liabilities of a terraced house development company. The Sponsor would like to raise EUR 390,000 for a period of up to 12 months. The funds will be used to return equity loan to Crowdestate KK3 OÜ, a financing body, funded by Crowdestate investors and which in 2018 provided equity loan for developing a row house at the address Käokella Road 3, Järveküla, Rae Parish, Harju County, Estonia by Energiamaja Kaks OÜ. Energiamaja Kaks OÜ and the Sponsor share overlapping ownership structures. The bridge loan is secured by a 1st-rank mortgage on development property in Järveküla, Rae Parish, Harju County, Estonia, as well as 1st-rank mortgage on the Käeokella Road 3-7 , the furnished apartment used as a showroom for Käokella Road 3 row house development. The Käokella Road 3 development is completed and ca. 85% of the apartments are sold. The total mortgage amount is EUR 545,000. According to valuation documents concerning development properties and information about sales transactions values of Käokella Road 3 apartments, the total value of the collateral is EUR 600,000. The loan period is up to 12 months. Ca. 50% of the loan, ca. EUR 200,000 will be returned and first interest payment is made in 3 months, by 30. 11. 2019. The rest of the loan amount will be returned and accrued interest is paid by 31. 08. 2020 the latest. The loan has an annual interest rate of 11%. No periodic interest payments will be made. The loan-to-value ratio (LTV) in this project is 65%. After the partial repayment, LTV remains 50%. Calculated internal rate of return (IRR) for this project is 11,2% per year.Secured debt
10/09/2019 ■ 162 days
Nemco (II)
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 195 500 EUR all funded by Crowdestate investors. The loan is issued for a 24-month period with an interest rate of 13. 5% 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 principal will be paid at the end of the loan term. The loan will be secured by previously purchased rental equipment and currently purchased machinery.Secured debt
09/09/2019 ■ 163 days
Tulbi tee 3, Viimsi
CrowdEstate
financed
Crowdestate investors will be able to invest in a new mortgage-backed 18-month loan. AS Enko is planning to raise EUR 530,000 with a maturity of 18 months for the company’s working capital needs. Loan interest rate is 11% on an annual basis and interest payments are quarterly. The loan will be secured by a first-rank mortgage on Tulbi tee 3 property (21,439 m2, commercial land) and adjacent residential land plots - 13 properties with a total of 23,164 m2. The loan maturity is 18 months and it will be repaid from the sale of properties or by refinancing Crowdestate investors’ loan. The internal rate of return (IRR) for a loan with quarterly interest payments is 11. 4%. The loan-to-value ratio (LTV) is 50% and Crowdestate investors’ loan principal risk is 11. 9 EUR per sq m.Secured debt
02/09/2019 ■ 170 days
Taevasilma tn 5, Alliku küla, Saue vald (II)
CrowdEstate
financed
The amount to be raised in the second round of Taevasilma 5 row-house development is EUR 200,000. Crowdestate investors are financing the construction of the 10-apartment row-house in Veskimöldre-2 residential area in total amount of EUR 1,110,000. The amount raised in the first campaign was EUR 300,000. The loan is secured by a first rank mortgage on Taevasilma St. 5 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 13 months (term of the agreement September 30th, 2020). The construction works of Taevasilma 5 row-house has started - exterior walls of first floor and ceilings are ready; roofing works and floor leveling are completed. PVC windows have been ordered and ventilation work started. The Sponsor's previous row-house project funded by Crowdestate investors at adjacent Metsapargi St. 6 plot was successful and Sponsor has launched a project of the same size at Taevasilma St. 5 to meet the demand for row-house apartments. The sales prices for apartments are between 199,000 and 219,000 euros. The size of each apartments is 115. 1 m2.Secured debt
26/08/2019 ■ 177 days
Marguse Spordibaas, Nüpli, Otepää (III)
CrowdEstate
financed
This investment opportunity is about refinancing previous crowdfunded senior loan, which has been used to finance Sponsor's Hagudi 26 residential real estate development project in Tallinn. The development is in the final stages and 11 of its 15 total units have been sold. In addition to refinancing an previous EUR 250,000 loan, the Sponsor applies for an additional loan of EUR 50,000 to cover the working capital needs of development projects. This senior loan offers Crowdestate's investors a short-term investment opportunity with the term of 12 months at 12% annual interest rate. The funding target is EUR 300,000 and loan-to-value (LTV) is 60%. The senior loan is secured by a first lien mortgage on an operational Marguse Sports Centre in Otepää (a. k. a Estonian winter capital).Secured debt
12/08/2019 ■ 191 days
Pargi 10, Tartu (III)
CrowdEstate
financed
Within this financing project, we offer the opportunity to invest in a secured loan used to complete the development project at Pargi Street 10, Tartu, Estonia. The sponsor, EEA Majad OÜ seeks to raise EUR 100,000 for a period of up to 12 months. The funds will be used to finance the construction of Pargi 10 development project. Crowdestate investors have previously funded the project in total amount of EUR 460,000. Pargi Street 10 development includes two buildings with a total of 50 residential and office spaces and divided into two development phases. In the first stage, the historic building was reconstructed with 42 apartments and offices, a total of 1,670 m2 of net area. This phase is complete, the use permits for these apartments are issued and more than 70% of the units are sold. The second stage of development consists of building a new residential building with 786 m2 net area (8 apartments). This stage is 90% complete, 1 apartment is booked. The loan is secured by a 1st. rank mortgage on 6 apartments (NLA 515 m2 in total). In addition to the mortgage, there is a personal guarantee of EUR 230,000 from the Sponsor. The value of 6 apartments (taking into account the cost of the land and construction works actually performed) is EUR 736,000 and loan-to-value (LTV) ratio is 76%. This ratio does not take into account the amount of the personal guarantee. The ratio of Crowdestate's loans to the estimated sale price of collateral excluding VAT is 51. 5%. Interest rate for the loan is 11% per annum. The loan will be returned at the end of the loan period or from sales of collateral units. The Sponsor has committed to quarterly interest payments. Calculated internal rate of return (IRR) would be 11. 4%.Secured debt
12/08/2019 ■ 191 days
Via De Coubertin, Potenza, Italy (II)
CrowdEstate
financed
Via De Coubertin, Potenza, Italy project aims at completing the construction of a 36 new apartment residential building, located in a valuable residential area of Potenza, Italy. The project is already fully started. The building, consisting of two main bodies, is currently under construction and is already built for over 50%. The completion of the works and the delivery of the apartments are estimated for next year, June 2020. This second tranche of fundraising aims at raising additional capital equal to 250 000€ to finance construction works. Sponsor is pushing construction works during the summer season in order to finalize apartments by beginning Q2 2020. In the last 2 months construction work proceeded rapidly, with the completion of external plaster and apartments’ water system. The last tranche of bank loan, planned for August 2019, has been put off until the end of September 2019. The Sponsor reduced project LTV paying back 450 000€ tranche of the mezzanine loan during July 2019. The total sum of the senior loan, mezzanine, and Crowdestate loan will be 3,9 million EUR and 20 apartments are needed to be sold to repay all of them. As of today, 24 apartments are already sold, over 65% of the total. Current sales allow Sponsor to repay all outstanding loans in total (attached sales report - updated July 2019). Project Sponsor is looking to raise the capital necessary to finance the completion of construction works, waiting to receive final payments from buyers once the apartments are delivered. Project’s total cost is EUR 5 678 350 and Sponsor contributed with an equity stake of EUR 900 000. Remaining funds were financed by a bank loan, a mezzanine loan and pre-sales. Crowdestate investors have the opportunity to earn a fixed annual interest of 12. 45% of the invested capital, through monthly interest payments and capital repayment at the end. Project duration is 12 months.Secured debt
09/08/2019 ■ 194 days
Klaose tn. 12, 14, Tartu 51013 (II)
CrowdEstate
financed
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 Emajõgi 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. The 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. The second funding round has an objective to raise EUR 250,000. The 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.Secured debt
07/08/2019 ■ 196 days
VESKIOJA 1 OÜ
CrowdEstate
financed
The mortgage loan will be repaid from the sales revenue of the mortgaged property within 6 months latest.Secured debt
05/08/2019 ■ 198 days
Via Fiuggi 12, Milan
CrowdEstate
financed
Via Fiuggi 12, Milan investment opportunity is a private residential development which aims at transforming a 100 sqm lab into 2 small apartments, located in the North and well-connected area of Milan. The Sponsor already bought the property and the change of destination of use to residential has already started. Diamond srl, the Sponsor of the investment, is already developing another project funded by Crowdestate (Via Genovesi 1, Milan) which is proceeding as planned and it is generating high interest from potential buyers. This project offers Crowdestate investors the opportunity to participate in the project by financing 50% of the capital needed to finance the entire project. The fundraising target is 70 000 eur. The total cost of the project is 139 900 EUR and the Sponsor contributes 50% of total equity. Investment exit is expected to be in 8 months. Interest return for investors is 12. 25% on an annual basis and the completion date is estimated for March 2020. As the main guarantee, Crowdestate owns 50% of the Sponsor’s company shares. As an additional guarantee for investors, Crowdestate has an option to buy additional shares and a personal guarantee of 70 000 EUR to make sure loans to investors will be correctly paid.Secured debt
02/08/2019 ■ 201 days
Baltic Forest OÜ (X)
CrowdEstate
financed
Within the framework of this project, Crowdestate offers investors an opportunity to take part in the tenth funding round for Baltic Forest OÜ. The first two funding rounds have already been successfully exited. The project aims to raise up to EUR 836 000 to refinance the Baltic Forest third tranche with Crowdestate. In accordance to the initial business plan, the Sponsor is currently negotiating for bank financing to refinance Crowdestate investors as well as to provide additional working capital financing. The first feedback has been positive on the one hand, as the Sponsor is able to provide banks with sufficient collateral for further financing as well as the owners' contribution to the project and the successful launch of production. At the same time, banks still want to see the results of approx. one year of operation and positive pre-depreciation (EBITDA). As a result, the Sponsor will need working capital to refinance its existing loan commitments until the conclusion of a financing agreement with a financial institution. This 12-month loan pays monthly interest at the rate of 15% per annum with the loan principal returned at the end of the period. The internal rate of return (IRR) for this project is 16. 03% per annum. The issued loan is secured by a joint mortgage on the company's property and with the owners' personal assurance in the full loan amount. Due to the significant interest of Crowdestate investors in the Baltic Forest OÜ (X) project, the Sponsor proposes to investors to increase the maximum amount of loan in this financing round to EUR 1 486 600, of which the current loan amount of EUR 836 600 will be used to refinance the loan with a 31. 07. 2019 due date. And the EUR 650 000 will be used to refinance the loan with a 31. 08. 2019 due date. The total investment volume of Crowdestate will increase by EUR 650 000.Secured debt
31/07/2019 ■ 203 days
USL Invest OÜ (II)
CrowdEstate
financed
The purpose of this project is to finance the Sponsor, USL INVEST OÜ by a working capital loan in the amount of 350 000 EUR. This loan will refinance the existing loan in the amount of 225 000 EUR and further capital will be used to increase the business volume by EUR 125 000. The issued loan is secured by a commercial pledge to company's movable property (the amount of the commercial pledge exceeds the loan and interest amount 1. 30 times) and with personal guarantees of the owners of the company to the extent of the loan. It is a so-called "bullet-loan" where the interest with an additional principal will be paid throughout the period. However, a substantial part of the principal is paid at the end of the loan period as a one-time payment. The loan interest rate is 15. 0% per annum and the expected return on investment (IRR) is 16. 03% on an annual basis.Secured debt
31/07/2019 ■ 203 days
Peterburi tee 19/21, 11415 Tallinn (II)
CrowdEstate
financed
Our next investment opportunity includes funding of refinancing current liabilities of the Sponsor, Vakning OÜ. Vakning OÜ is an investment project company, holding a share of development project in Tallinn, Peterburi Road 15/17/19/21/21a. Current liabilities originate from financing acquisition of shares of Peterburi Road development. For refinancing current liabilities, the Sponsor seeks for funding in the amount of EUR 375,000, which will be used as a bridge loan for returning previous loan by Crowdestate investors. The bridge financing is needed for the period of concluding a bond issue and for the sales period of shares of Vakning OÜ. The underlying asset of the project are financial claims based on sales transactions of development property located at Peterburi tee 15/17/19/21/21a, Tallinn, Estonia, of which 20% is owned by Sponsor through its participation in OÜ San Miguel. The loan is secured by the pledge of shares of Vakning OÜ in the amount of EUR 400,000. In addition, the loan is secured by the amount of claims guaranteed by Rolegur OÜ and by the sponsor's personal guarantee in the amount of 250,000 euros. The interest rate offered by the Sponsor is 16% on an annual basis. Interest payments are made quarterly. The loan period is up to 12 months. The internal rate of return for the project is 16. 93%.Mezzanine
23/07/2019 ■ 211 days
L. Koidula 32, 10150 Tallinn (IV)
CrowdEstate
financed
This investment opportunity is about crowdfunding a senior loan to finance experienced developer's other current real estate development projects. The raised funds will be used to refinance previous crowdfunded senior loan. This senior loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 11% annual interest rateThe senior loan is secured by a first lien mortgage on a prime 32 L. Koidula Street residential property in Tallinn, Estonia.Secured debt
15/07/2019 ■ 219 days
Pargi 10, Tartu (II)
CrowdEstate
financed
Within this financing project, we offer the opportunity to invest in a secured loan used to complete the development project at Pargi Street 10, Tartu, Estonia. The sponsor, EEA Majad OÜ seeks to raise EUR 230,000 for a period of up to 13 months. The funds involved will be used to finance the construction costs of the final phase of development project. Crowdestate investors have previously funded Pargi 10 project in the amount of EUR 230,000. Pargi Street 10 development includes two buildings with a total of 50 residential and office spaces and divided into two development phases. In the first stage, the historic building was reconstructed with 42 apartments and offices, a total of 1,670 m2 of net area. This phase is complete, the use permits for these apartments are issued and ca. 74% of the units are sold. The second stage of development consists of building a new residential building with 786 m2 net area (8 apartments). This stage is 70% complete, 1 apartment is booked. The value of the building under construction is EUR 916,000 e. 1166 EUR/m2. The valuation is based on purchase agreement of the Pargi Street 10 property and construction reports. The market value of completed apartments would reach to 2400 EUR/m2 based on already concluded sales transactions with apartments from the first phase of the development project. The loan is secured with 1st. lien mortgage on 6 apartments (NLA 515 m2 in total) in the second phase of the development project. Accordingly, current value of the collateral is EUR 600,000. In addition to mortgage, the Sponsor has agreed to expand personal assurance provided for the first funding round also to secure this current campaign. The amount of the personal assurance is EUR 230,000. Interest rate for the loan is 11% per annum. The loan will be returned at the end of the loan period or according to sales of collateral units. The Sponsor has committed to quarterly interest payments. Calculated internal rate of return (IRR) would be 11,4%. Loan-to-value (LTV) ratio for this opportunity is 77%. This regards only mortgaged security and does not include personal assurance.Secured debt
12/07/2019 ■ 222 days
Veskioja tn 1, Alliku küla, Saue vald
CrowdEstate
financed
The purpose of current investment opportunity is to finance the construction of 8 apartment row-house at Veskioja St. 1 plot in a Veskimöldre-2 residential area. Crowdestate investors are offered the opportunity to finance the construction of a row house in total amount of EUR 300,000. The loan is secured by a first rank mortgage, loan interest rate is fixed 11% p. a. and interest payments are monthly. Expected return rate (IRR) is 11. 54% p. a. Term of the loan is 12 months. The construction works of Veskioja 1 row-house is underway - load-bearing exterior walls and fire walls between apartments are stacked; roof framework and wooden frames for interior walls and ceilings are installed; window installation is underway. The deadline for construction work is September 2019. The sales prices for apartments are between 179,000 and 185,000 euros. The size of each apartments is 118. 3 m2. Secured debt
11/07/2019 ■ 223 days
Ozolciema 4, LV-1058, Riga, Latvia
CrowdEstate
financed
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 ■ 229 days
Kama Grupp AS (I)
CrowdEstate
financed
Our new project offers investors the opportunity to finance construction and furnishing of a children's playground and entertainment center in Akropole Center in Riga. Crowdestate investors' would finance the project in amount of EUR 450,000. The Sponsor plans to open children's playground and entertainment center on 1850 m2 rental area in November 2019. The Sponsor has developed and operates 5 similar playgrounds in Saint Petersburgs under trademark Jump and Ninja Academy. All playgrounds in Russia are located in big shopping malls. Total project cost of Riga project is approximately EUR 800,000. Amount raised in the first funding round is EUR 250,000. Investors' loan is secured by a 1st rank mortgage on Suure-Allikmäe registered immovable in Viimsi municipality (Estonia) and on Puhkeranna's registered immovable in Kuusalu municipality (Estonia), valued at a total of EUR 725,000. In addition, the loan is secured by a 2nd rank mortgage on the property of Kordoni 65 in Jõelähtme municipality (Estonia) and a guarantee from the Sponsor's Latvian subsidiary. Interest rate is fixed 12. 5% per annum, interest payments are monthly and the principal repayment would begin in January 2020. Expected internal rate of return (IRR) is 13. 2% per annum. Loan maturity is 24 months. The Sponsor will refinance Crowdestate investors' loan with a long-term bank loan after entertainment center has started operating. Secured debt
04/07/2019 ■ 230 days
Koru põik 1, Saue vald, Alliku küla (IV)
CrowdEstate
financed
Our current project offers investors the opportunity to participate in fourth and the last financing round of Koru poik 1 row-house construction in amount of EUR 223,300. Crowdestate investors' total construction financing is in amount of EUR 803,000. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. Loan is secured by a first rank mortgage, fixed interest rate is 11% p. a and interest payments are monthly. IRR of the project is 11. 47%. Investment time horizon is 6 months. Apartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments). Prices are EUR 235,000 and EUR 214,000 respectively. Veskimöldre-2 is a new residential development area located in the area between Nõmme Pääsküla, Laagri small town and Harku forest, about 20 minutes drive from the center of Tallinn. BC Arenduse OÜ, a member of the Brave Capital Group, has implemented a 70 ha residential area development project in cooperation with Saue Municipality - roads and utility networks have been built for 167 residential plots and 121 row-house apartments. The construction of a new primary school-kindergarten and Laagri Rimi shopping center has also started. The Veskimöldre-2 residential area will be home to more than 1,000 new residents. Secured debt
03/07/2019 ■ 231 days
Steel Express Haldus OÜ (II)
CrowdEstate
financed
This investment opportunity is about refinancing Steel Express Haldus OÜ (the Sponsor) previous crowdfunded senior loan in amount of EUR 415,000. Previous loan was used to finance the acquisition of 2 real estate properties as part of group restructuring. By transferring production facility and land plot into Steel Express Haldus OÜ, the Sponsor released the necessary working capital for the growth of its subsidiary. The vacant land plot will be used for constructing a new 3,000 m2 production facility for the subsidiary. Serving of the previous loan has been excellent. The Sponsor plans to build and rent a 3,000 m2 building to its subsidiary. Refinancing is due to too optimistic estimation by the Sponsor for obtaining building permit and also the need for redesign. By now, the building permit has been received. The crowdfunded loan is secured by mortgages (1st charge for an unfinished property and 2nd charge for the current production building) as well as the subsidiary's payment guarantee. The loan bears a 15% per annum interest rate and the expected return on investment (IRR) is 16. 02%. This investment pays monthly interest nad principal repayments, starting from the next month after the loan has been issued.Secured debt
01/07/2019 ■ 233 days
Taevasilma tn 5, Alliku küla, Saue vald (I)
CrowdEstate
financed
The purpose of current investment opportunity is to finance the construction of 10 apartment row-house at Taevasilma St. 5 plot in a Veskimöldre-2 residential area. Total amount of requested funding is EUR 1,100,000. Current campaign is first in amount of EUR 300,000. The loan is secured by a first rank mortgage on Taevasilma St. 5 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 15 months (term of the agreement September 30th, 2020). The construction works of Taevasilma 5 row-house has started - exterior walls of first floor and ceilings are ready. The Sponsor's previous row-house project funded by Crowdestate investors at adjacent Metsapargi St. 6 plot was successful and Sponsor has launched a project of the same size at Taevasilma St. 5 to meet the demand for row-house apartments. The sales prices for apartments are between 199,000 and 219,000 euros. The size of each apartments is 115. 1 m2.Secured debt
28/06/2019 ■ 236 days
Decoreter OÜ (II)
CrowdEstate
financed
The purpose of this project is to finance the working capital of the project Sponsor, Decoreter OÜ, in the amount of EUR 250 000. The loan is issued for a 24-month period, secured by the personal guarantee of the three owners of the company, and a commercial pledge to the company's movable property. This investment opportunity offers monthly interest and principal payments after 6 months. The interest rate is 15% per annum and the expected return is 15. 46% on an annual basis. PS! SPONSOR HAS A SPECIAL OFFER FOR INVESTORS, read more under the project's description.Secured debt
21/06/2019 ■ 243 days
Koru põik 9, Saue vald, Alliku küla (I)
CrowdEstate
financed
The new investment opportunity offered to Crowdestate investors is financing of first phase of Koru poik 9 row-house construction in amount of EUR 300,000. Total cost of construction is EUR 812,000 and construction has already begun. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. Loan is secured by a first rank mortgage, fixed interest rate is 11% p. a and interest payments are monthly. IRR of the project is 11. 55%. Investment time horizon is 15 months. Apartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments). Prices are EUR 249,000 and EUR 224,000 respectively. Koru poik 9 property is located in Veskimöldre-2 residential area - new and developing area between Nõmme Pääsküla, Laagri small town and Harku forest, about 20 minutes drive from the center of Tallinn. Crowdestate investors have financed Sponsor's similar row-house developments at Koru poik 3 (exited) and Koru poik 1 (construction is at completion stage). Sale of row-house apartments has been succesfull. Two apartments have already been sold at Koru poik 9.Secured debt
19/06/2019 ■ 245 days
Steel Express OÜ
CrowdEstate
financed
The purpose of this project is to finance the working capital of the project Sponsor, Steel Express OÜ, in the amount of EUR 300 000. The loan is issued for a 24-month period, secured by a commercial pledge on the company's movable property and with the guarantee of the parent company Steel Express Haldus OÜ. This investment opportunity offers monthly interest and principal payments. The interest rate is 15% per annum and the expected return is 16. 04% on an annual basis.Secured debt
14/06/2019 ■ 250 days
Via De Coubertin, Potenza, Italia
CrowdEstate
financed
Via De Coubertin, Potenza, Italy project aims at completing the construction of a 36 new apartment residential building, located in a valuable residential area of Potenza, Italy. The project is already fully started. The building, consisting of two main bodies, is currently under construction and is already built for over 50%. The completion of the works and the delivery of the apartments are estimated for next year, June 2020. The total sum of the senior loan, mezzanine, and Crowdestate loan will be 3,9 million EUR and 20 apartments are needed to be sold to repay all of them. As of today, 24 apartments are already sold, over 65% of the total. Current sales allow Sponsor to repay all outstanding loans in total. Project Sponsor is looking to raise the capital necessary to finance the completion of construction works, waiting to receive final payments from buyers once the apartments are delivered. Project’s total cost is EUR 5 678 350 and Sponsor contributed with an equity stake of EUR 900 000. Remaining funds were financed by a bank loan, a mezzanine loan and pre-sales. Crowdestate investors have the opportunity to earn a fixed annual interest of 12. 45% of the invested capital, through monthly interest payments and capital repayment at the end. Project duration is 12 months.Secured debt
14/06/2019 ■ 250 days
Klaose tn. 12, 14, Tartu 51013 (I)
CrowdEstate
financed
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 Emajõgi 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. The 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 will be completed in June 2019. 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. The first funding round has an objective to raise EUR 250,000. The loans are secured by first rank mortgage on the Klaose st. 12 and Klaose st. 14 properties. The loan term is 15 months. The interest rate for this funding round will be determined as a result of interest auction. Crowdestate’s investors will be bidding for the winning interest rate throughout the funding campaign and only investors with the lowest interest rate bids can participate in funding the loan. The winning investors and the final loan interest rate are determined upon the completion of the funding campaign. Auction is open until 12. 00, June 2, 2019. Maximum interest rate for this funding round is 11% per annum. Please read more about the interest auction in our blog post. 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.Secured debt
07/06/2019 ■ 257 days
Metsapargi tn 6, Alliku küla, Saue vald (V)
CrowdEstate
financed
The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre-2 residential area at Metsapargi St. 6, in the total amount of EUR 1,110,000. Current campaign is fifth and last in amount of EUR 250,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 6 months (term of the agreement November 30th, 2019). The construction works of Metsapargi 6 are in final stage - interior works and landscaping are on completion. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings. The Sponsor has signed three real right contracts of sale and first round investors have fully received their loan with interest, and second round investors have received ~140,000 euros loan principal repayment. Currently there are 2 apartments unsold out of 10. The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115. 1 m2.Secured debt
06/06/2019 ■ 258 days
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 ■ 264 days
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 ■ 272 days
Cohousing Chiaravalle, Milano
CrowdEstate
financed
Cohousing Chiaravalle, Milan project consists in the reconstruction and transformation of a 14th-century farmhouse named “Cascina Gerola” into an innovative 50-unit apartment complex including gardens, garages and large common areas that characterize the concept of “Cohousing”. The project is developed over an area of 25 000 m2. As of today, 26 apartments have already been sold (over 50%). The Sponsor is partnering with Crowdestate in order to raise a portion of the capital needed to purchase the plot. The total cost of the project is EUR 14 096 343 and the Sponsor contributes with an equity stake equal to 1 110 000 EUR. The rest of the development costs are funded by presales and a bank loan of 5 000 000 EUR. The return for investors is 12. 30% per annum and the completion date is expected to be in November 2020. This investment opportunity is secured by owners personal guarantee and Crowdestate's 25% ownership of Sponsor's company shares. Interest payments are made every 6 months, principal at the end of the loan term, and the Sponsor has the opportunity to pay investors back earlier, after 6 months (at least).Mezzanine
15/05/2019 ■ 280 days
Astangu 18/20, 13519 Tallinn (IV)
CrowdEstate
financed
Aurora Nova is a residential development in Haabersti by Endover Kinnisvara, the largest Estonian residential real estate development company. The project is located next to Endover’s previous, successfully completed Aurora Park residential development. Three residential buildings with 170 apartments will be constructed at 18 Astangu Street, 20 Astangu Street and 1 Jalami Street plot in Haabersti district, Tallinn, Estonia. The construction works are on schedule and the demand for the apartments is very strong - 57% of all apartments have been sold already. Crowdestate investors have already invested in Aurora Nova, as Crowdestate members have successfully funded Aurora Nova development project in amount of EUR 3,000,000 in total in form of unsecured loan. Also, Crowdestate's investors had an opportunity to invest in Endover’s neighbouring Aurora Park development in 2016. As the actual demand for the apartments exceeded all expectations, Crowdestate’s investors were able to exit much earlier than planned with much higher returns than anticipated. Aurora Park’s success would be one of the most prominent arguments for validating the potential demand for such living environments in Haabersti district. Crowdestate’s investors have previously invested into 12 Endover’s residential development projects - 8 of them have been exited the successfully, the remaining 4 are in various development phases. We are pleased to offer Crowdestate’s investors an opportunity to co-invest, in the form of unsecured loan, in the next funding round of Aurora Nova residential development project. The investment opportunity is limited to EUR 500,000 only. The investment term is up to 18 months with a fixed interest rate 14,4 % per annum. Interest payments occur on a quarterly basis; the first payment is made on 12. 08. 2019. At the current sales level, 98% of apartments needed to be sold for returning senior loan, is already sold.Mezzanine
14/05/2019 ■ 281 days
Veskimöldre 2 (II)
CrowdEstate
financed
Our new project offers investors the opportunity to participate in financing of infrastructure construction of Veskimöldre-2 residential area in the amount of 950,000 euros. In Veskimöldre-2 project, roads and communications have been built and sale of plots is in progress - 35% of plots is sold. The Sponsor has already invested EUR 10 million and there is yet to meet the investment commitment of EUR 1. 2 million agreed with the municipality in the planning process, for which a loan from Crowdestate investors is being partially financed. Funding is provided in three parts. Current second round funding is in amount of EUR 220,000. The investment is secured by a 3rd ranking mortgage on 117 residential plots (197,171 m2) valued at EUR 10. 6 million (excluding VAT). The balance of the first and second ranking mortgage loan is EUR 4 million. LTV of the project is 47% (the ratio of mortgage-secured loans to value of 117 properties). In addition to the mortgage, parent company Brave Capital OÜ provides a guarantee of EUR 200,000. Crowdestate investors' loan bears an interest rate of 15% per annum. Interest payments are quarterly and the principal amount will be returned from the sales income of residential plots of Veskimöldre-2 - 20% from the sales value (excluding VAT) of each plot will be transferred as repayment of Crowdestate investors' loan. The investment period is up to 22 months. The expected return (IRR) on a loan with quarterly interest payments is 16. 1%. The development of Veskimöldre-2 residential area includes 167 single-family house plots, 121 row house apartments, a supermarket, dining places, health trails, schoolhouse. Residential plots are priced between EUR 90,000 and EUR 160,000 (average EUR 115,000) and average plot size is 1606 m2.Mezzanine
13/05/2019 ■ 282 days
Aeru 9/11, Tartu 51017 (III)
CrowdEstate
financed
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 Emajõgi 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. Both houses are approx. 60% completed already. As we publish this opportunity, there is 1 apartment sold and 3 booked out of total 12 apartments. The 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. Crowdestate investors have funded this project already in amount of EUR 400,000 by two previous funding rounds. This current funding round has an objective to raise EUR 170,000. The 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 OÜ, the sponsor of this project. The loan term is 8 months and interest rate is fixed on 11% per annum. Sponsor has agreed to 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 11,40%.Secured debt
03/05/2019 ■ 292 days
Seafood OÜ (II)
CrowdEstate
financed
The purpose of this project is to finance the project Sponsor H. M. Seafood OÜ working capital and investments in the amount of 300 000 eur. The loan is issued for a 12-month period, secured by the owner's personal guarantee and a 2nd rank commercial pledge of the company's movable property. This investment opportunity offers monthly interest and principal payments. The interest rate on the loan is 14. 5% per annum and the expected return on is 15. 45% on an annual basis.Secured debt
01/05/2019 ■ 294 days
Via Genovesi 1, Milano
CrowdEstate
financed
Via Genovesi 1, Milan investment opportunity is a private residential development which aims at transforming a 154 sqm lab into 4 studio apartments, located in the North area of Milan. The process for the change of destination of use to residential has already been started. The architect who will manage the procedure has verified all the requirements in order to proceed (report attached). Diamond srl, the Sponsor of the investment, offers Crowdestate investors the opportunity to participate in the project by financing 50% of the capital needed to finance the entire project. Fundraising target is 135 000 eur. The total cost of the project is 272 030 eur and the Sponsor contributes 50% of total equity. Investment exit is expected to be in 10 months. Interest return for investors is 12. 12% on an annual basis and the completion date is estimated for February 2020. As the main guarantee, Crowdestate owns 50% of the Sponsor’s company shares. As an additional guarantee for investors, Crowdestate has an option to buy additional shares and a personal guarantee of 135 000 eur to make sure loans to investors will be correctly paid.Secured debt
19/04/2019 ■ 306 days
H.M. Seafood OÜ
CrowdEstate
financed
The purpose of this project is to finance the project Sponsor H. M. Seafood OÜ working capital and investments to increase business volumes in the amount of 250 000 eur. The loan is issued for a 12-month period, secured by the owner's personal guarantee and a 2nd rank commercial pledge of the company's movable property. This investment opportunity offers monthly interest and principal payments. The interest rate on the loan is 14. 5% per annum and the expected return on is 15. 45% on an annual basis.Secured debt
19/04/2019 ■ 306 days
Via Piranesi 39, Milano
CrowdEstate
financed
Via Piranesi 39, Milan investment opportunity is a private residential development which aims at transforming a 540 sqm office & lab into 11 apartments (from 40 to 75 sqm each), located in a rapidly growing residential area of Milan. The entire first floor of the building (a 1950s condo) enjoys a triple exposure on Via Piranesi and on the inner courtyards and is well suited to a transformation into a residential space. The process for the change of destination has already been started. The architect who will manage the procedure has verified all the requirements in order to proceed (report attached). 45% of the apartments have already been booked for sale (5 apartments out of 11). The Sponsor offers Crowdestate investors to participate in the project by financing up to 31% of the capital needed to finance the entire project. The maximum fundraising target is 500 000 eur, with a minimum target of 200 000 eur. The total cost of the project is 1 606 070 eur and the Sponsor contributes with a significant equity stake equal to 650 000 eur. Crowdestate will contribute up to 500 000 eur. The remaining part of the capital needed is represented by pre-sales. Investment exit is expected to be in 9 months. Interest return for investors is 12. 12% on an annual basis and the completion date is estimated for January 2020.Mezzanine
12/04/2019 ■ 313 days
Baltic Forest OÜ (IX)
CrowdEstate
financed
Within the framework of this project, Crowdestate offers investors the opportunity to take part in the ninth funding round for Baltic Forest OÜ (the first funding round has successfully exited). The project aims to raise up to EUR 500 000 (including a minimum of EUR 300 000) to finance working capital. This 12-month loan pays monthly interest at the rate of 15% per annum with the loan principal returned at the end of the period, investment's internal rate of return (IRR) 16. 02% per annum. The issued loan is secured by a joint mortgage on the company's property and with the owners' personal guarantees in the full loan amount. In connection with Crowdestate's significant interest in the Baltic Forest OÜ (IX) project, the Sponsor proposes to investors to increase the maximum amount of the loan in this financing round to EUR 1. 95 million, of which EUR 500 000 will be used to finance working capital and 1. 45. EUR million will be used for refinancing the loan with a 30. 04. 2019 due date. The total volume of Crowdestate investments increases by 500000 euros.Secured debt
12/04/2019 ■ 313 days
Kreutzwaldi 59c, 65610 Võru (IX)
CrowdEstate
financed
Hereby we present 9th. funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia. In previous funding rounds, Crowdestate investors have invested EUR 1,767,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 300,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The objective of this investment opportunity is to fund further construction and completion of the development. As we are publishing this project, there are 22 apartments sold based on legal debt agreements, 2 loan applications for apartments are being processed and 10 apartments are booked based on booking agreements. Total number of apartments currently in sales pipeline is therefore 33. To return total senior loan amount in this project, including funds raised by this funding round, Sponsor has to sell 32 apartments. According to building reports, the project is 85% completed. The sponsor is optimistic that it is possible to receive use permit and sell sufficient number of apartments for returning all outstanding loans by the end of August 2019. This tranche will earn a 15% fixed annual interest, loan period is set up to 8 months. Calculated rate of return (IRR) for this tranche is 15,58%. All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 3,000,000. The mortgage will be held in favour of investors by Crowdestate Collateral Agent.Secured debt
12/04/2019 ■ 313 days
Pargi 10, Tartu
CrowdEstate
financed
This project provides Crowdestate investors with an opportunity to invest in mortgage secured loan which the Sponsor of the project - EEA Majad OÜ will use as working capital in development project located in Pargi Street 10, Tartu. The funds will be used to refinance current liabilities and to finance sales period of already completed apartments. Loan amount in this opportunity is EUR 230,000 with 16 months loan period. Development of Pargi Street 10 property involves two buildings with 50 units in total and two development phases. In the first phase a historical building (originally used as a public sauna) was reconstructed into apartment/commercial building with 42 units, 1670 m2 of total NLA. This phase is completed, use permit for completed units is obtained and ca. 70% of units are sold. The second phase includes new building to be constructed to the same property - an apartment house with 8 residential units with NLA 785 m2 in total. The second phase is 50% completed and 1 apartment is already booked. Value of this construction as is is valued to EUR 650,000 or EUR 827 per m2. The loan is secured with 1st. lien mortgage on 6 apartments (NLA 515 m2 in total) in the second phase of the development project. Accordingly, current value of the collateral is EUR 426,000 excluding VAT. As according to included valuation document, the expected value of apartments after completion will be EUR 1,800 per square meter (excluding VAT), the value of collateral after completion will be EUR 945,000 (excluding VAT). Gert Roosaar, board member of EEA Majad OÜ has offered his personal assurance in the loan amount to secure the loan further. Loan period is set to 16 months. Interest rate for the loan is 11% per annum. The loan will be returned at the end of the loan period or according to sales of collateral units. The Sponsor has committed to quarterly interest payments. Calculated internal rate of return (IRR) would be 11,44%. Loan-to-value (LTV) ratio for this opportunity is 54%.Secured debt
08/04/2019 ■ 317 days
Cellin Technologies (II)
CrowdEstate
financed
Restructuring of previous loansSecured debt
08/04/2019 ■ 317 days
Baltic Forest OÜ (VIII)
CrowdEstate
financed
Baltic Forest (VIII) has the maximum funding goal of EUR 620 000, with a minimum investment amount of EUR 250 000. Majority of the raised capital will be used to refinance the current EUR 500,000 Crowdestate loan maturing on March 31, 2019, and the remaining funds will be allocated to increase the company's working capital. This 12-month loan pays monthly interest at the rate of 15% per annum with the loan principal returned at the end of the period, investment's internal rate of return (IRR) 16. 03% per annum. The issued loan is secured by a joint mortgage on the company's property and with the owners' personal guarantees in the full loan amount.Secured debt
25/03/2019 ■ 331 days
Estera Development (II) Makonkalns
CrowdEstate
financed
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 ■ 340 days
Metsapargi tn 6, Alliku küla, Saue vald (IV)
CrowdEstate
financed
The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre-2 residential area at Metsapargi St. 6, in the total amount of EUR 1,100,000. Current campaign is fourth and in amount of EUR 150,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 9 months. The construction of Metsapargi 6 row-house is on schedule and interior finishing works are underway. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings. The Sponsor has signed first real right contract of sale and first round investors have received first loan repayment. Currently there are 2 apartments unsold out of 10. The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115. 1 m2.Secured debt
14/03/2019 ■ 342 days
Viru Halud OÜ (II)
CrowdEstate
financed
In the framework of this project, Crowdestate offers investors to participate in the second funding round for Viru Halud OÜ. The aim of this project is to receive EUR 235 000 capital from investors, of which 204 000 euros will be spent on raw materials and 32 000 euros on investments. The loan term is 12 months with the annual interest rate of 15% and the expected rate of return 16. 02% per annum. This investment opportunity pays monthly interest and the principal will be paid at the maturity. This project is secured by the board member's personal guarantee as well as commercial pledges on the company's property in the amount of EUR 370 000.Secured debt
12/03/2019 ■ 344 days
Koru põik 1, Saue vald, Alliku küla (III)
CrowdEstate
financed
Our current project offers investors the opportunity to participate in third financing round of Koru poik 1 row-house construction in amount of EUR 222,250. Crowdestate investors' total construction financing is in amount of EUR 803,000. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. Loan is secured by a first rank mortgage, fixed interest rate is 11% p. a and interest payments are monthly. IRR of the project is 11. 74%. Investment time horizon is 10 months. Apartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments). Prices are EUR 235,000 and EUR 214,000 respectively. Veskimöldre-2 is a new residential development area located in the area between Nõmme Pääsküla, Laagri small town and Harku forest, about 20 minutes drive from the center of Tallinn. BC Arenduse OÜ, a member of the Brave Capital Group, has implemented a 70 ha residential area development project in cooperation with Saue Municipality - roads and utility networks have been built for 167 residential plots and 121 row-house apartments. The construction of a new primary school-kindergarten will soon begin in the residential area, and the construction of Laagri Rimi shopping center has also started. The Veskimöldre-2 residential area will be home to more than 1,000 new residents. Secured debt
05/03/2019 ■ 351 days
Nord Company
CrowdEstate
financed
This project is an opportunity to invest in secured loan to Nord Company OÜ, the Sponsor of this project. The Sponsor seeks for funding in the amount of EUR 1,050,000 for 18 months. The minimum fundraising target is EUR 600,000. The purpose of the loan is to finance the purchase of a backhoe dredger vessel “Zenne”, currently located in Belgium. The vessel will be relocated to Estonia and will be used for dredging jobs in Estonian ant Baltic ports and marinas. The loan is secured by first-rank mortgage on backhoe dredger vessel “Zenne” and cutter suction dredger “NC1” (currently located in Latvia)("NC1" will be settled as second-rank mortgage before money payout, which will be changed into first-ranked mortgage after the payout) in total amount of EUR 1,417,500. For a period setting the mortgage on "Zenne" the Sponsor has agreed to provide investors with a personal assurance in amount of 300,000 euros in addition to mortgage on "NC1". The personal assurance will be terminated after the mortgage on "Zenne" is set. Sponsor has already made 30% prepayment for the vessel “Zenne”. The interest rate for the loan is 15% per annum and Sponsor has agreed to monthly interest payments. Loan principal is returned semi-annually. The source for interest payments and principal return planned to be cash flow which is generated by exploiting “Zenne”. Expected rate of return (IRR) for this investment is 16% on an annual basis.Secured debt
01/03/2019 ■ 355 days
Aeru 9/11, Tartu 51017 (II)
CrowdEstate
financed
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 Emajõgi 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. Both houses are approx. 50% completed already. 25% of units under construction are booked. The 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. Crowdestate investors have funded this project already in amount of EUR 200,000 by successful funding round in December 2018. This current funding round has an objective to raise EUR 200,000. The 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 OÜ, the sponsor of this project. The loan term is 10 months and interest rate is fixed on 11% per annum. Sponsor has agreed to 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 11,43%.Secured debt
25/02/2019 ■ 359 days
Via A. Meucci 25, Milano (II)
CrowdEstate
financed
This investment opportunity consists in financing the second tranche of the WeProperty project. It includes acquisition and development of 5 residential units, located at Via Privata Meucci 25, ground floor (first tranche consisted in acquiring the second floor and the project structure is identical). Acquisition and development phases are sustained through a crowdfunding bridge loan which is going to be refinanced by a bank loan within 22 months. Crowdfunding investors will get an 11% yearly interest paid every 6 months with an investment term of 22 months (possible early exit after 12 months). Milan high and growing demand for residential rentals from students and young professionals, together with Sponsor in-depth knowledge of the market, make the investment very attractive. As the main guarantee, Crowdestate owns 75% of the Sponsor’s company shares. As an additional guarantee for investors, Crowdestate has an option to buy the remaining 25% of shares and a personal guarantee of 375 000€ to make sure loans to investors will be correctly paid.Secured debt
25/02/2019 ■ 359 days
Baltic Forest OÜ (VII)
CrowdEstate
financed
Within the framework of this project, Crowdestate offers the opportunity to participate in the seventh funding round of Baltic Forest OÜ. The project aims to attract up to EUR 1 500 000 (including a minimum amount of EUR 500 000) from investors, of which EUR 500 000 will be used immediately to refinance the existing Crowdestate loan (maturity 31. 03. 2019) and EUR 1 000 000 will be used as working capital. The loan term is 12 months with the interest rate of 15% per annum and the expected rate of return (IRR) 16. 02% per annum. It is a so-called bullet loan, investors will receive monthly investment payments and the principal is repaid at the end of the loan period as a one-time payment. The issued loan is secured by a joint mortgage on the company's property and with the owner's personal guarantee in the loan amount.Secured debt
25/02/2019 ■ 359 days
Kreutzwaldi 59c, 65610 Võru (VIII)
CrowdEstate
financed
Hereby we present 8th. funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia. In previous funding rounds, Crowdestate investors have invested EUR 1,400,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 240,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The objective of this investment opportunity is to fund further construction of the development. As we are publishing this project, there are 22 apartments sold based on legal debt agreements and 10 apartments booked based on booking agreements. To return currently outstanding loans and funds raised by this funding round, Sponsor has to sell 25 apartments. According to building reports, the project is 58% completed. The sponsor is optimistic that it is possible to receive use permit and sell sufficient number of apartments for returning all outstanding loans by the end of July 2019. This tranche will earn a 15% fixed annual interest, loan period is set up to 10 months. Calculated rate of return (IRR) for this tranche is 15,57%. All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 3,000,000. The mortgage will be held in favour of investors by Crowdestate Collateral Agent.Secured debt
19/02/2019 ■ 365 days
Global Nord Timber (V)
CrowdEstate
financed
Within the framework of this project, the Crowdstate is offering investors the opportunity to participate in another (fifth) global Nord Timber OÜ working capital financing. This project aims to attract EUR 800 000 from investors, of which EUR 300 000 will be channeled to finance planned growth, and EUR 500 000 will be used to refinance outstanding Crowdestate investor loans (currently 2 loans). The loan term is 12 months, the interest rate is 15. 0% per annum and the estimated return on investment (IRR) to the investor at 16. 01% on an annual basis. To protect the interests of investors, the loan is secured by a personal guarantee issued by the member of the management board along with the restrictions imposed by the Crowdstate Collateral Agency OÜ ("Tagatisagent") on the use of received fundsSecured debt
18/02/2019 ■ 366 days
Veskimöldre 2
CrowdEstate
financed
Our new project offers investors the opportunity to participate in financing of infrastructure construction of Veskimöldre-2 residential area in the amount of 950,000 euros. In Veskimöldre-2 project, roads and communications have been built and sale of plots is in progress - 35% of plots is sold. The Sponsor has already invested EUR 10 million and there is yet to meet the investment commitment of EUR 1. 2 million agreed with the municipality in the planning process, for which a loan from Crowdestate investors is being partially financed. Funding is provided in three parts. Current first round funding is in amount of EUR 500,000. The investment is secured by a 3rd ranking mortgage on 117 residential plots (197,171 m2) valued at EUR 10. 6 million (excluding VAT). The balance of the first and second ranking mortgage loan is EUR 4 million. LTV of the project is 47% (the ratio of mortgage-secured loans to value of 117 properties). In addition to the mortgage, parent company Brave Capital OÜ provides a guarantee of EUR 200,000. Crowdestate investors' loan bears an interest rate of 15% per annum. Interest payments are quarterly and the principal amount will be returned from the sales income of residential plots of Veskimöldre-2 - 20% from the sales value (excluding VAT) of each plot will be transferred as repayment of Crowdestate investors' loan. The investment period is up to 24 months. The expected return (IRR) on a loan with quarterly interest payments is 16. 1%. The development of Veskimöldre-2 residential area includes 167 single-family house plots, 121 row house apartments, a supermarket, dining places, health trails, schoolhouse. Residential plots are priced between EUR 90,000 and EUR 160,000 (average EUR 115,000) and average plot size is 1606 m2.Mezzanine
13/02/2019 ■ 371 days
Soinaste 8d - 8, Tartu
CrowdEstate
financed
The purpose of the current investment opportunity is to refinance a renovation loan for an apartment located at Soinaste 8d-8, Tartu for its sales period. The source of repayment of the loan is either sale of the property or refinancing of the loan (in case of the rental model) at the end of the loan period. The loan is secured with a first lien mortgage set on the property. Reconstruction of the apartment involved changing apartment plan. Net area of the apartment was increased by 45% (from 69 m2 to 99,9 m2) by creating a partial mezzanine level. The project is approved by the Tartu Municipality. Currently, the apartment is as "white box", meaning that the apartment is ready for finishing works. Sponsor intends to start the finishing works in February 2019 by installing floors, doors, tiles, sanitary equipment etc. The Sponsor has identified a potential buyer for the apartment and is planning to schedule the notarized sales transaction to take place in March - April 2019. This project has a high potential of an early exit.Secured debt
07/02/2019 ■ 377 days
Marguse Spordibaas, Nüpli, Otepää (II)
CrowdEstate
financed
This investment opportunity is about refinancing previous crowdfunded senior loan, which is being used to finance experienced developer's Hagudi 26 residential real estate development project in Tallinn. The building is currently in the construction phase and 11 of its 16 total units (69%) have been sold already. The raised funds are being used as working capital to finance construction works. This senior loan offers Crowdestate's investors a short-term investment opportunity with the term of 6 months at 11% annual interest rate. The funding target is EUR 250,000. The senior loan is secured by a first lien mortgage on an operational Marguse Sports Centre in Otepää (a. k. a Estonian winter capital).Secured debt
01/02/2019 ■ 383 days
Tammelehe 6, 76901 Tabasalu (IV)
CrowdEstate
financed
This investment opportunity is part of development project at Tammelehe street (Tabasalu, Harku county, Harjumaa) which includes building 3 row houses. The first phase of the development - building a row house with 6 apartments at Tammelehe 2 which involved also Crowdestate investors, has been successful as house is completed, all the apartments are sold and ownership transfer will be done immediately after formalisation of apartment ownerships. Tammelehe 4 - also funded by Crowdestate - house elements are completed and assembled on the plot, 50% of apartments (3 units) are sold. Tammelehe 6 project is planned as a copy of previous two houses, enabling much shorter production time. Foundation works on site have completed and production of house elements have started. The Sponsor, Tammelehe Arenduse OÜ intends to fund Tammelehe 6 development with Crowdestate investors. The project offers possibility to fund the development in the total amount of EUR 720 000. Financing is arranged in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is completed. The fourth funding round of Tammelehe 6 development requires funding in the amount of EUR 150,000. The investment period of this tranche is up to 5 months and is paying a 11. 0% interest rate p. a. Additionally, Sponsor has an option to unilaterally extend the loan period for up to 4 months with commitment to pay additional 2% interest for the extended period. The loan is secured by a first rank mortgage.Secured debt
31/01/2019 ■ 384 days
DP Pack OÜ
CrowdEstate
financed
The purpose of this project is to finance the project Sponsor, DP PACK OÜ, with a working capital loan of up to 18 months in the amount of EUR 150 000. The purpose of the loan is to finance growth (working capital). The loan is secured by the personal guarantee of the owner and the member of the management board (the amount of the surety exceeds the loan amount of 1. 35x). In terms of the repayment schedule, it is a monthly depreciable loan, the total amount of the loan is paid monthly as equal principal payments. The interest rate on the loan is 14. 5% per annum and the investor's expected rate of return (IRR) is 15. 5% on an annual basis.Secured debt
31/01/2019 ■ 384 days
Kreutzwaldi 59c, 65610 Võru (VII)
CrowdEstate
financed
Hereby we present 7th. funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia. In previous funding rounds, Crowdestate investors have invested EUR 1,400,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 700,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The objective of this investment opportunity is to fund bridge loan in the amount of EUR 700,000. The bridge loan will be used to partially refinance current loans during development and sales period. As we are publishing this project, there are 19 apartments sold based on legal debt agreements and 8 apartments booked based on booking agreements. To return currently outstanding loans, Sponsor has to sell 22 apartments. According to building reports, the project is 58% completed. The sponsor is optimistic that it is possible to receive use permit and sell sufficient number of apartments for returning all outstanding loans by the end of July 2019. This tranche will earn a 15% fixed annual interest, loan period is set up to 11 months. Calculated rate of return (IRR) for this tranche is 15,89%. All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent.Secured debt
30/01/2019 ■ 385 days
Via Meravigli 16, Milano, Italy
CrowdEstate
financed
Milano, Via Meravigli 16 is a private, residential development project of 3 luxury small apartments located in the very city center of Milan, 5 minutes walking from Milan Duomo square, via Cordusio and Sforza Castle. The Sponsor is going to transform a 130 sqm office into 3 premium residential apartments. One of them, the one-bedroom apartment which is the biggest and most expensive one, has been sold already for 380 000 eur. Sponsor plans to complete renovation and sell the remaining 2 apartments by September 2019. Total selling prospected price is 1 040 000 EUR. Investors’ expected annual return is 12. 31%, paid after 8 months. The loan is secured by 35% of Sponsor’s company shares owned by Crowdestate and an additional option to take over remaining shares in case the loan won’t be paid back as agreed.Secured debt
25/01/2019 ■ 390 days
Astangu 18/20, 13519 Tallinn (III)
CrowdEstate
financed
Aurora NovaMezzanine
25/01/2019 ■ 390 days
Vabaduse 16, 78901 Kohila (IV)
CrowdEstate
financed
This investment opportunity allows investors to fund a bridge loan for sales period of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ. This is the 4th funding round of the development project. The building is completed and 85% of the apartments are sold. The Sponsor seeks for funding in the amount of EUR 320 000 to refinance existing bridge loan. Necessity of such funding has occurred due prolonged process of obtaining use permit for the building. Some credit institutions have hesitated to accept apartments without use permits as collateral to secure housing loans, which has prevented the Sponsor to finalise sales transactions. Ownerships of six apartments have been already transferred and sales are finished. Five apartments are sold or booked with prepayments and are waiting for use permit which would allow to formalise the transactions and ownership transfer. Two apartments are currently available. Most of the technical approvals needed for the use permit have already obtained. The Sponsor expects the use permit to be issued by the end of January. The Sponsor has issued 100% share pledge in favour of Crowdestate Collateral Agent OÜ for the loan period. The loan will be secured also by mortgages on seven apartments in the building. Market value for these apartments in Vabaduse 16 building is approx EUR 443 000. This investment opportunity offers investors a set fixed interest rate of 14% p. a. for a loan term of 6 months.Secured debt
16/01/2019 ■ 399 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 ■ 415 days
Inger Hotel, Narva, Ida-Virumaa, 20306
CrowdEstate
financed
This investment opportunity is about funding a secured bridge loan to refinance Inger Hotel in Narva. Bridge loan enables Sponsor to refinance existing bank loan and to seek for long term financing for the Hotel Inger. The loan will be repaid after 12 months, or as soon as new bank loan is received (but not earlier than 6 month). This secured loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 12% annual interest rate. The funding target is EUR 340,000. The loan is secured by a first lien mortgage on an operational Inger Hotel in Narva, property valued of EUR 1,900,000 in August of 2018. The Sponsor has committed to monthly interest payments.Secured debt
31/12/2018 ■ 415 days
Via A. Meucci 25, Milano
CrowdEstate
financed
WeProperty is a new property management project located in Milan that will generate a long-term income through the development, in several tranches, of up to 100 units to rent to students and young professionals. The goal of this first tranche is to acquire and develop the first 5 residential units. Acquisition and development phases are sustained through a crowdfunding bridge loan which is going to be refinanced by a bank loan within 2 years. Crowdfunding investors will get an 11% yearly interest paid every 6 months with an investment term of 24 months (possible early exit after 12 months). Milan high and growing demand for residential rentals from students and young professionals, together with Sponsor in-depth knowledge of the market, make the investment very attractive. As the main guarantee, Crowdestate owns 75% of the Sponsor’s company shares. As an additional guarantee for investors, Crowdestate has an option to buy the remaining 25% of shares and a personal guarantee of 375. 000€ to make sure loans to investors will be correctly paid.Secured debt
28/12/2018 ■ 418 days
Tammelehe 6, 76901 Tabasalu (III)
CrowdEstate
financed
6-apartment row house in Tabasalu, EstoniaSecured debt
28/12/2018 ■ 418 days
Aeru 9 / 11, Tartu 51017
CrowdEstate
financed
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 Emajõgi 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. Both houses are approx. 40% completed already, financed by Sponsor’s equity. The 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. The first funding round has an objective to raise EUR 200,000. The 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 OÜ, 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%.Secured debt
12/12/2018 ■ 434 days
Olaines Enerģija
CrowdEstate
financed
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
07/12/2018 ■ 439 days
Metsapargi tn 6, Alliku küla, Saue vald (III)
CrowdEstate
financed
The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre residential area at Metsapargi St. 6, in the total amount of EUR 1,100,000. The development is financed in tranches according to the invoices submitted by the main contractor OÜ Kopter Ehitus. With each new funding round, the value of the underlying asset will gradually increase until the completion of row house. The current third stage requires financing in amount of EUR 230,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 12 months. 4 new bookings have been made from the latest funding round and a total of 6 apartments have been booked according to Sponsor's information. Foundation and exterior walls of first floor of Matesapargi St. 6 development have been completed. The constructor has started plastering of interior walls and installing windows. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings. The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115. 1 m2.Secured debt
03/12/2018 ■ 443 days
Tammelehe 6, 76901 Tabasalu (II)
CrowdEstate
financed
6-apartment row house in Tabasalu, EstoniaSecured debt
26/11/2018 ■ 450 days
Astangu 18/20, 13519 Tallinn (II)
CrowdEstate
financed
Aurora Nova is a residential development in Haabersti by Endover Kinnisvara, the largest Estonian residential real estate development company. The project is located next to Endover’s previous, successfully completed Aurora Park residential development. Three residential buildings with 170 apartments will be constructed at 18 Astangu Street, 20 Astangu Street and 1 Jalami Street plot in Haabersti district, Tallinn, Estonia. The construction works have been started and the demand for the apartments is very strong - 47% of all apartments have been sold already. Crowdestate's investors had an opportunity to invest in Endover’s neighbouring Aurora Park development in 2016. As the actual demand for the apartments exceeded all expectations, Crowdestate’s investors were able to exit much earlier than planned with much higher returns than anticipated. Aurora Park’s success would be one of the most prominent arguments for validating the potential demand for such living environments in Haabersti district. Crowdestate’s investors have previously invested into 12 Endover’s residential development projects - 8 of them have been exited the successfully, the remaining 4 are in various development phases. Crowdestate investors have already invested also in Aurora Nova, as Crowdestate members successfully funded EUR 1,500,000 unsecured loan for Aurora Nova OÜ in August 2018. We are pleased to offer Crowdestate’s investors an opportunity to co-invest in the next funding round of Aurora Nova residential development project. The investment opportunity is limited to EUR 1,500,000 only. The investment term is up to 24 months with a fixed IRR of 15. 2 % per annum. Interest payments occur on a quarterly basis; the first payment is made on 28. 02. 2019.Mezzanine
19/11/2018 ■ 457 days
Sooja tn 2, 76505 Saue
CrowdEstate
financed
Our current investment opportunity offers investors an opportunity to invest in Tammepesa 88-apartment residential development project located in Sooja St. 2 in Saue small town (20 minutes drive from Tallinn). Project Sponsor wants to raise a subordinated loan of EUR 800,000 which represents 59% of Project's equity capital. Crowdestate investors will have an opportunity to earn 18% fixed interest on an annual basis. This is an unsecured loan and the principal amount of the loan and accrued interest will be paid to investors from the sales revenue of apartments after repayment of senior (mortgage) loan and before payments to Sponsor. The Project includes construction of two 6-storey apartment buildings on Sooja St. 2 plot in Saue small town. There are 44 apartments in both buildings and total 88. Most of them are 2-room apartments with size 32. 5 - 41. 4 m2 and sales prices between EUR 59,900 - 80,900 (average EUR 67,940 or EUR 1,866 per m2). The apartments are very well-positioned in the market, price level is very favorable and there is very little supply of 2-room new apartments in this price range. The construction of both apartment buildings started in June 2018 and will be completed by June 2019. Investment period is panned to last for 14 months. There is a great interest for Tammepesa apartments - 25% of apartments are already sold.Unsecured debt
19/11/2018 ■ 457 days
Juurdeveo 25c, 13113 Tallinn (IV)
CrowdEstate
financed
Hereby we present the fourth and final funding round for a residential rental building development in Tallinn Centre, at Juurdeveo 25c. Juurdeveo 25C OÜ is reconstructing a former office and industrial building of Estonian Railways, located at the edge of Tallinn City Centre, at Juurdeveo 25c. The Sponsor intends to turn the building into the residential rental building with 73 studio apartments. The project includes reconstruction of the building, furnishing the units and sales of turn-key apartments. The Sponsor sees retail property investors as its main target group and has therefore designed a marketing strategy to guarantee clients a 7% rental yield with free rental management service for 24 month period. Crowdestate investors have an opportunity to fund the construction works of the residential rental building in Tallinn, Juurdeveo 25c in the total amount of EUR 1,000,000. The funding target for this final tranche is EUR 260,000. This 8-month tranche will earn an 11. 0% fixed annual interest rate, with an IRR of 11. 55%. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,415,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. According to the financial model, the loans would be returned and interest paid out latest by June 2019. Sponsor has committed to monthly interest payments. Sponsor is obliged to return 80% of sales revenues to Crowdestate investors as loan repayments,Sponsor has already invested EUR 1,100,000 equity into this project, the funds have been used to acquire the property and start construction works.Secured debt
07/11/2018 ■ 469 days
Global Nord Timber (IV)
CrowdEstate
financed
Within the framework of this project, the Crowdstate is offering investors the opportunity to participate in another (fourth) global Nord Timber OÜ working capital financing. The estimated working capital requirement is estimated at EUR 700,000, of which EUR 400,000 was included from investors at the beginning of September. The loan term is 6 months, the interest rate is 15. 0% per annum and the estimated return on investment (IRR) to the investor at 16. 20% on an annual basis. To protect the interests of investors, the loan is secured by a personal guarantee issued by the member of the management board along with the restrictions imposed by the Crowdstate Collateral Agency OÜ ("Tagatisagent") on the use of received funds. This is a so-called "partial bullet loan", in other words, a loan where during the period the interest is mainly paid, and, to a lesser extent, also the principal. An essential part of the principal (65%) is paid at the end of the loan period as a one-time payment.Secured debt
31/10/2018 ■ 476 days
Kreutzwaldi 59c, 65610 Võru (VI)
CrowdEstate
financed
Hereby we present next and final funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia. In previous funding rounds, Crowdestate investors have invested EUR 1,100,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 300,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project. The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. 19 of 28 apartments in the first stage have already been sold. The funding target for the fifth tranche is EUR 300,000. This 11-month tranche will earn a 13% fixed annual interest. Sponsor finds it plausible to repay the loan before the expiration date as sales activities have been quite fruitful so far. All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. According to the financial model, the loans would be returned and interest paid out by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Accrued interest is paid out at the end of the investment period along with the return of the principal. Prior to this campaign, the Sponsor has invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.Secured debt
31/10/2018 ■ 476 days
Instituudi tee 132, 76401 Saue vald, Laagri
CrowdEstate
financed
Rimi supermarket developmentEquity
31/10/2018 ■ 476 days
Baltic Forest OÜ (VI)
CrowdEstate
financed
Short-term investment loanSecured debt
31/10/2018 ■ 476 days
Tammelehe 4, 76901 Tabasalu (IV)
CrowdEstate
financed
6-apartment row house in Tabasalu, EstoniaSecured debt
26/10/2018 ■ 481 days
Tammelehe 6, 76901 Tabasalu
CrowdEstate
financed
6-apartment row house in Tabasalu, EstoniaSecured debt
18/10/2018 ■ 489 days
Q-haus Baltic OÜ
CrowdEstate
financed
Short-term working capital loanSecured debt
17/10/2018 ■ 490 days
Koru põik 1, Saue vald, Alliku küla (II)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 1, Estonia in the total amount of 803 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The second stage of the development requires funding in the amount of 197 500 EUR, and the loan is secured by a first rank mortgage. Fixed interest rate is 11% p. aApartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments). Prices are 235 000 euros and 214 000 euros respectively.Secured debt
13/10/2018 ■ 494 days
Baltic Forest OÜ (V)
CrowdEstate
financed
Additional working capitalSecured debt
06/10/2018 ■ 501 days
Tammelehe 4, 76901 Tabasalu (III)
CrowdEstate
financed
6-apartment row house in Tabasalu, EstoniaSecured debt
03/10/2018 ■ 504 days
Koru põik 1, Saue vald, Alliku küla (I)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 1, Estonia in the total amount of 803 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The first stage of the development requires funding in the amount of 160 000 EUR, and the loan is secured by a first rank mortgage. Fixed interest rate is 11% p. aApartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments). Prices are 235 000 euros and 214 000 euros respectively.Secured debt
28/09/2018 ■ 509 days
Juurdeveo 25c, 13113 Tallinn (III)
CrowdEstate
financed
Hereby we present third funding round for a residential rental building development in Tallinn Centre, at Juurdeveo 25c. Juurdeveo 25C OÜ is reconstructing a former office and industrial building of Estonian Railways, located at the edge of Tallinn City Centre, at Juurdeveo 25c. The Sponsor intends to turn the building into the residential rental building with 73 studio apartments. The project includes reconstruction of the building, furnishing the units and sales of turn-key apartments. The Sponsor sees retail property investors as its main target group and has therefore designed a marketing strategy to guarantee clients a 7% rental yield with free rental management service for 24 month period. Crowdestate investors have an opportunity to fund the construction works of the residential rental building in Tallinn, Juurdeveo 25c in the total amount of EUR 1,020,000. Funding will be arranged in several tranches. The funding target for this tranche is EUR 150,000. This 9-month tranche will earn an 11. 0% fixed annual interest rate, with an IRR of 11. 48%. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,415,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 5 separate funding rounds. The last tranche is planned for Q4 of 2018. According to the financial model, the loans would be returned and interest paid out latest by June 2019. Sponsor has committed to monthly interest payments. Sponsor is obliged to return 80% of sales revenues to Crowdestate investors as loan repayments,Sponsor has already invested EUR 1,100,000 equity into this project, the funds have been used to acquire the property and start construction works.Secured debt
27/09/2018 ■ 510 days
Metsapargi tn 6, Alliku küla, Saue vald (II)
CrowdEstate
financed
The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre residential area at Metsapargi St. 6, in the total amount of EUR 1,100,000. The development is financed in tranches according to the invoices submitted by the main contractor OÜ Kopter Ehitus. With each new funding round, the value of the underlying asset will gradually increase until the completion of row house. The current second stage requires financing in amount of EUR 230,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 14 months. According to the developer's information 2 apartments are booked by the time of current investment round. Foundation and exterior walls of first floor of Matesapargi St. 6 development have been completed. The constructor has started plastering of interior walls and installing windows. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings. The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115. 1 m2.Secured debt
27/09/2018 ■ 510 days
Tammelehe 4, 76901 Tabasalu (II)
CrowdEstate
financed
6-apartment row house in Tabasalu, EstoniaSecured debt
22/09/2018 ■ 515 days
Kreutzwaldi 59c, 65610 Võru (V)
CrowdEstate
financed
Hereby we present next funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia. In previous funding rounds, Crowdestate investors have invested EUR 900,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 200,000. Crowdestate investors have an opportunity to fund the construction of the residential development project at Kreutzwaldi 59c, Võru in the total amount of EUR 1,400,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project. The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. 17 of 28 apartments in the first stage have already been sold. The funding target for the fifth tranche is EUR 200,000. This 12-month tranche will earn a 13% fixed annual interest. Sponsor finds it plausible to repay the loan before the expiration date as sales activities have been quite fruitful so far. All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 7 separate funding rounds, EUR 200,000 to EUR 300,000 each. According to the financial model, the loans would be returned and interest paid out latest by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Accrued interest is paid out at the end of the investment period along with the return of the principal. Prior to this campaign, the Sponsor has already invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.Secured debt
20/09/2018 ■ 517 days
Käokella tee 3, 75304 Järveküla
CrowdEstate
financed
This investment project provides Crowdestate investors with an opportunity to invest in a row house development in Käokella Road 3, Järveküla, Rae municipality, Estonia. As the district is located very favourably at the southern border of Tallinn and benefits from proximity to Tallinn city centre, it has become one of the fastest growing communities around Tallinn. The project involves building 2 row houses with 22 apartments. Funding target for this project is EUR 320. 000. The objective is to finance Energiamajad Kaks OÜ development by unsecured equity loan to earn 15% preferred interest and to participate in profit distribution with 9,09% share of the dividend. The return on this investment depends largely on projects’ profitability. Dividends will become available for investors after senior loan is returned. Planned investment period is 12 months and expected rate of return (IRR) is 19,18%. The Sponsor has successful track record of row house developments in the same location, involving also Crowdestate investors. As we publish this project, there are 7 apartments already sold.Equity
07/09/2018 ■ 530 days
Global Nord Timber (III)
CrowdEstate
financed
Within the framework of this project, the Crowdstate is offering investors the opportunity to participate in another (third) global Nord Timber OÜ working capital financing. The total working capital requirement for the current year is estimated at EUR 700,000, which is scheduled to attract investors from up to two rounds of wages. EUR 400,000 in this round, and an additional EUR 300,000 at the end of September. The purpose of this loan is to finance the growth of business volumes, that is, covering the capital requirement from the time of purchase of the material to the proceeds from the sale. The loan term is 6 months, the interest rate is 15. 0% per annum and the estimated return on investment (IRR) to the investor at 16. 10% on an annual basis. To protect the interests of investors, the loan is secured by a personal guarantee issued by the member of the management board along with the restrictions imposed by the Crowdstate Collateral Agency OÜ ("Tagatisagent") on the use of received funds. This is a so-called "partial bullet loan", in other words, a loan where during the period the interest is mainly paid, and, to a lesser extent, also the principal. An essential part of the principal (65%) is paid at the end of the loan period as a one-time payment.Secured debt
07/09/2018 ■ 530 days
Metsapargi tn 6, Alliku küla, Saue vald (I)
CrowdEstate
financed
The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre residential area at Metsapargi St. 6, in the total amount of EUR 1,100,000. The development is financed in tranches according to the invoices submitted by the main contractor OÜ Kopter Ehitus. With each new funding round, the value of the underlying asset will gradually increase until the completion of row house. The current first stage requires financing in amount of EUR 250,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 15 months. According to the developer's information 2 aprtments are booked by the time of current investment round. Foundation and exterior walls of first floor of Matesapargi St. 6 development have been completed. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings. The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115. 1 m2.Secured debt
04/09/2018 ■ 533 days
Vabaduse 16, 78901 Kohila (III)
CrowdEstate
financed
This investment opportunity allows investors to fund a bridge loan for sales period of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ. The Sponsor of the project, Starelement OÜ and its sole owner, Mr Jaanus Jässi (hereinafter: Sponsor) is looking to crowdfund EUR 335,000 for refinancing development loan during sales period of apartments in Vabaduse 16 development. The Sponsor has issued 100% share pledge in favor of Crowdestate Collateral Agent OÜ for the loan period. The loan will be secured also by 2nd tier mortgage on the same property. Amount of claims which are secured by 1st tier mortgage do not exceed EUR 40 000. Market value for available apartments in Vabaduse 16 building is approx EUR 630 000. This investment opportunity offers investors a set fixed interest rate of 12% p. a. for a loan term of 4 months. The building is completed, 40% of apartments are already sold. The project has been previously funded by Crowdstate's investors with a sum of EUR 320 000, used as subordinated capital in addition to the equity and senior loan. Secured debt
31/08/2018 ■ 537 days
Tammelehe 4, 76901 Tabasalu
CrowdEstate
financed
6-apartment row house in Tabasalu, EstoniaSecured debt
30/08/2018 ■ 538 days
Astangu 18/20, 13519 Tallinn
CrowdEstate
financed
Aurora NovaMezzanine
28/08/2018 ■ 540 days
Kreutzwaldi 59c, 65610 Võru, Estonia (IV)
CrowdEstate
financed
Hereby we present next funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia. In three previous funding rounds, Crowdestate investors have invested EUR 700,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 200,000. Crowdestate investors have an opportunity to fund the construction of the residential development project at Kreutzwaldi 59c, Võru in the total amount of EUR 1,400,000. Funding will be arranged in several tranches. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project. The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. 24 of 28 apartments in the first stage have already been booked, demonstrating solid demand towards the product. The funding target for the fourth tranche is EUR 200,000. This 13-month tranche will earn a 13% fixed annual interest rate, with an IRR of 13,15%. Sponsor intends to repay the loan before end date as sales activities have been quite fruitful so far. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 7 separate funding rounds, EUR 200,000 to EUR 300,000 each. The first three funding rounds were arranged as shorter, up to 8-month investment periods. The rest of the rounds, including this round, would have slightly longer, ca. 12-month repayment periods. Accrued interest is paid out at the end of the investment period along with the return of the principal. According to the financial model, the loans would be returned and interest paid out latest by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Prior to this campaign, the Sponsor has already invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.Secured debt
27/08/2018 ■ 541 days
Baltic Forest OÜ (IV)
CrowdEstate
financed
The purpose of this project is to finance the purchase of the production resources of the project sponsor, Baltic Forest OÜ with a 12-month working capital loan in the amount of EUR 650 000 (this is the second financing round for the purpose of financing EUR 1. 5 million, the first round of which was successfully financed by investors in July in the amount of EUR 836 600). The issued loan is secured by a mortgage and with owners personal guarantees in the loan amount. It is a so-called bullet loan, investors will receive monthly investment payments and the principal is repaid at the end of the loan period as a one-time payment. The loan interest rate is 15. 0% per annum and the expected return of return (IRR) is 16. 08% on an annual basis. Crowdstate investors have participated in the three financing rounds for the Sponsor, Baltic Forest OÜ:In July 2018, a working capital loan was issued in the amount of EUR 836 600 (this was the first round of working capital financing, with the aim of including EUR 1. 5 million in two to three funding rounds). The aim was to finance the acquisition of raw materials for the third quarter of this year. In March 2018, an investment loan was issued in the amount of EUR 500 000. The purpose of that project was to set up the most effective sawing industry in the Baltics, and the funds involved from investors were used to complete the investments required to start production. In May 2018 an investment loan of EUR 1 450 000 was issued. The purpose of the loan was to refinance third-party loans at an interest rate of 25% per annum, thereby improving the company's profitability.Secured debt
22/08/2018 ■ 546 days
Rataskaevu 5, 10123 Tallinn (III)
CrowdEstate
financed
Brava Grupp OÜ, the owner and the developer of 5 Rataskaevu street property, is looking to raise EUR 550,000 - 600,000 to refinance the currently outstanding crowdfunded loans. This upcoming loan offers Crowdestate investors a short-term investment opportunity with the investment term of 12 months and an annual interest rate of 12%. The loan is secured by a 2nd lien mortgage on a prime property of Rataskaevu 5, located in the highly valued Old Town of Tallinn.Secured debt
21/08/2018 ■ 547 days
USL Invest OÜ
CrowdEstate
financed
The purpose of this project is to finance the Sponsor, USL INVEST OÜ by a 12-month working capital loan in the amount of 300,000 EUR to increase the business volume. The issued loan is secured by a commercial pledge to company's movable property (the amount of the commercial pledge exceeds the loan and interest amount 1. 30 times) and with personal guarantees of the owners of the company to the extent of the loan. It is a so-called "bullet-loan" where the interest with an additional principal will be paid throughout the period. However, a substantial part of the principal (75%) is paid at the end of the loan period as a one-time payment. The loan interest rate is 15. 0% per annum and the expected return on investment (IRR) is 16. 08% on an annual basis.Secured debt
15/08/2018 ■ 553 days
Koru põik 3, 76401 Laagri (VI)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 3, Estonia in the total amount of 703 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The sixth and final stage of the development requires funding in the amount of 48 000€, after which the project will be fully funded. As during previous funding rounds, the loan is secured by a first rank mortgage. Fixed interest rate is 12. 5% p. a. According to Sponsor, as of 6. 08. 2018, there is 1 apartment sold, 3 booked and negotiations regarding sales for at least 2 apartments under way. Roofing and facade work is completed, as well as 50% of interior decoration and 30% of the parquet installation. The construction has reached to its' final stages.Secured debt
08/08/2018 ■ 560 days
Marguse Spordibaas, Nüpli, Otepää
CrowdEstate
financed
This investment opportunity is about crowdfunding a senior loan to finance experienced developer's other residential real estate development project in Tallinn. The raised funds will be used as working capital to finance construction material prepayments (concrete panels, windows etc). The loan will be repaid after the specific construction works have been signed off by the construction supervision, which enables Sponsor to refinance prepayments with a bank loan. Loan agreement for construction financing with an Estonian bank is signed. This senior loan offers Crowdestate investors a short-term investment opportunity with the term of 6 months at 11% annual interest rate. The minimum funding target is EUR 170,000 and the maximum funding limit is EUR 250,000. The senior loan is secured by a first lien mortgage on an operational Marguse Sports Centre in Otepää (a. k. a Estonian winter capital).Secured debt
03/08/2018 ■ 565 days
Kreutzwaldi 59c, 65610 Võru, Estonia (III)
CrowdEstate
financed
Hereby we present next funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia. In two previous funding rounds, Crowdestate investors have invested EUR 540,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 200,000. Crowdestate investors have an opportunity to fund the construction of the residential development project at Kreutzwaldi 59c, Võru in the total amount of EUR 1,400,000. Funding will be arranged in several tranches. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project. The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. As of 30. 07. 2018, 24 of 28 apartments in the first stage have already been booked, demonstrating solid demand towards the product. The funding target for the second tranche is EUR 200,000. This 7-month tranche will earn a 13% fixed annual interest rate, with an IRR of 13,54%. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 7 separate funding rounds, EUR 200,000 to EUR 300,000 each. The first three funding rounds have a shorter, up to 8-month investment period. The rest of the rounds would have slightly longer, up to 12-month repayment periods. Accrued interest is paid out at the end of the investment period along with the return of the principal. According to the financial model, the loans would be returned and interest paid out latest by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Prior to this campaign, the Sponsor has already invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.Secured debt
01/08/2018 ■ 567 days
Via Carlo Esterle 23-25-29, Milano
CrowdEstate
financed
Mortgage-backed development loanSecured debt
31/07/2018 ■ 568 days
Juurdeveo 25c, 13113 Tallinn (II)
CrowdEstate
financed
Hereby we present a second funding round for a residential rental building development in Tallinn Centre, at Juurdeveo 25c. Juurdeveo 25C OÜ is reconstructing a former office and industrial building of Estonian Railways, located at the edge of Tallinn City Centre, at Juurdeveo 25c. The Sponsor intends to turn the building into the residential rental building with 73 studio apartments. The project includes reconstruction of the building, furnishing the units and sales of turn-key apartments. The Sponsor sees retail property investors as its main target group and has therefore designed a marketing strategy to guarantee clients a 7% rental yield with free rental management service for 24 month period. Crowdestate investors have an opportunity to fund the construction works of the residential rental building in Tallinn, Juurdeveo 25c in the total amount of EUR 1,020,000. Funding will be arranged in several tranches. The funding target for this tranche is EUR 250,000. This 11-month tranche will earn an 11. 0% fixed annual interest rate, with an IRR of 11. 46%. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,415,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 5 separate funding rounds, EUR 200,000 to EUR 300,000 each. The last tranche is planned for Q4 of 2018. According to the financial model, the loans would be returned and interest paid out latest by June 2019. Sponsor has committed to monthly interest payments. Sponsor is obliged to return 80% of sales revenues to Crowdestate investors as loan repayments,Sponsor has already invested EUR 1,100,000 equity into this project, the funds have been used to acquire the property and start construction works.Secured debt
26/07/2018 ■ 573 days
MMMSprattus OÜ
CrowdEstate
financed
Financing the production buildingSecured debt
20/07/2018 ■ 579 days
Jõe 23, 79801 Kohila
CrowdEstate
financed
This project will provide Crowdstate investors with the opportunity to finance the expansion of Starelement OÜ. Starelement OÜ, found in 2013 is a company engaged in construction and real estate development. Mr. Jaanus Jässi, the owner of the company, aims to expand the company's activities in the area of property rental. The purpose of the investment is to finance the purchase of a industrial property at Jõe 23 in Kohila, Estonia. The loan is secured with the first rank mortgage on a property to be purchased. Mr. Jaanus Jässi has also agreed to provide a personal guarantee for a loan amount. The market value of the property is EUR 150,000, according to the valuation document we have attached to this project. The loan agreement has been concluded for a period of 12 months, but the Sponsor sees the possibility to refinance the loan through the bank within 6 months.Secured debt
19/07/2018 ■ 580 days
Baltic Forest OÜ (III)
CrowdEstate
financed
Crowdstate investors have participated in the two financing rounds for the Sponsor, Baltic Forest OÜ: In March 2018, an investment loan was issued in the amount of EUR 500 000. The purpose of that project was to set up the most effective sawing industry in the Baltics, and the funds involved from investors were used to complete the investments required to start production, including the renovation and installation of sawmill, sawn and sawn timber sorting line. In May 2018 an investment loan of EUR 1 450 000 was issued. The purpose of the loan was to refinance third-party loans at an interest rate of 25% per annum, thereby improving the company's profitability. The current developments since the first funding round in March have been the following:The log sorting line has been launched, tested and the device is in active operation. Commenced with the purchase of logs, which has been adopted to date, RMK has been measuring and storing about 12,000 tm on a sieter line. All construction and renovation work, including the installation of equipment, is basically done. There are only a few finishing activities left. Active testing has been completed and, according to the business plan, the launch phase has reached its date. Due to the production period, the first sale is estimated to be within two weeks. Agreements have been concluded with buyers. There are still a number of people with whom they are signing employment contracts, after which it can be considered that all the jobs are completed in order to hold two shifts during production. Since July 2018, Argo Tõnuri, whose current experience has been described under the key people section, now coordinated with the daily activities of Baltic Forest OÜ, is still a member of the team's key personnel. Within the framework of this project, the Sponsor wants to involve investors capital for the acquisition of raw materials. This project is in an amount of EUR 750 000 (min. EUR 500 000) for 12 months, with an expected rate of return of 16. 07% and a 15% interest rate per year. Interest payments are made from the 3rd month following the issue of the loan, and the principal is paid as a one-time payment at the maturity date of the loan. To protect investors, a joint mortgage will be set up as well as Sponsor's personal guarantee.Secured debt
18/07/2018 ■ 581 days
L. Koidula 32, 10150 Tallinn (III)
CrowdEstate
financed
This investment opportunity is about crowdfunding a senior loan to finance experienced developer's other current real estate development projects. The raised funds will be used to refinance previous crowdfunded senior loan. This senior loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 11% annual interest rateThe senior loan is secured by a first lien mortgage on a prime 32 L. Koidula Street residential property in Tallinn, Estonia.Secured debt
15/07/2018 ■ 584 days
Kreutzwaldi 59c, 65610 Võru, Estonia (II)
CrowdEstate
financed
Tamula Kodu OÜ is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project. The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. As of 3. 07. 2018, 24 of 28 apartments in the first stage have already been booked, demonstrating solid demand towards the product. Crowdestate investors have an opportunity to fund the construction of the residential development project at Kreutzwaldi 59c, Võru in the total amount of EUR 1,400,000. Funding will be arranged in several tranches. The funding target for the second tranche is EUR 200,000. This 6-month tranche will earn a 13% fixed annual interest rate, with an IRR of 13,42%. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 7 separate funding rounds, EUR 200,000 to EUR 300,000 each. The first three funding rounds have a shorter, up to 8-month investment period. The rest of the rounds would have slightly longer, up to 12-month repayment periods. Accrued interest is paid out at the end of the investment period along with the return of the principal. According to the financial model, the loans would be returned and interest paid out latest by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Prior to this campaign, the Sponsor has already invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.Secured debt
06/07/2018 ■ 593 days
Tammelehe 2, 76901 Tabasalu (V)
CrowdEstate
financed
The project at Tammelehe street (Tabasalu, Harku county, Harjumaa) includes 3 separate land plots that have received a building permit to develop a row house with 6 apartments and to develop Tammelehe street (the street, communications, lighting). The Sponsor of the Project, Rolegur OÜ, plans to complete the street and the first rowhouse simultaneously with the completion date by the end of 2018. This investment opportunity offers the possibility to fund the development of a row house located at Tammelehe 2, Estonia in the total amount of EUR 690,000. The development is financed in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is finished. The fifth and final funding round of Tammelehe 2 development requires funding in the amount of EUR 70,000. The loan is secured by a first rank mortgage and is paying a 13. 0% interest rate p. a.Secured debt
02/07/2018 ■ 597 days
Oksa 6a, 11316 Tallinn
CrowdEstate
financed
Oksa Arendus OÜ is developing an apartment building with 5 apartments and 2 commercial premises in Oksa 6a, Tallinn. Commercial premises are planned to be used as rental apartments. The Sponsor seeks to fund property acquisition and building process in the total amount of EUR 501,000. Funding will be arranged in three tranches. The funding target for the first tranche is EUR 101,000. The first tranche will earn a 12% fixed annual interest rate during up to 18 months loan period, producing an IRR of 11,02%. As of publishing the project, 3 apartments are already booked. In July 2018 the Sponsor has planned to acquire the property. Building will start at the end of 2018 or in Q1 2019. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 685,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. As the Sponsor is obliged to return 100% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. The Sponsor will invest EUR 340,000 equity into this project. Investments will be used for acquiring the property and financing construction works. Secured debt
27/06/2018 ■ 602 days
Steel Express Haldus OÜ
CrowdEstate
financed
The purpose of this project is to finance the investment of the Sponsor, Steel Express Haldus OÜ, in the amount of EUR 450,000. As a part of group restructuring, the Sponsor plans to acquire 2 real estate properties - an empty industrial land plot and a built-up property with a production building - for cash flow purposes. By moving the current production facility and the newly acquired land into the new company, the Sponsor ensures the necessary working capital for the growth of its subsidiary, the newly acquired land will be used for erecting a new production facility for the subsidiary. The crowdfunded loan is secured by mortgages (1st charge for an unfinished property and 2nd charge for the current production building) as well as the subsidiary's payment guarantee. The loan bears a 15% per annum interest rate and the expected return on investment (IRR) is 16. 07%. This investment pays monthly interest, starting from the next month after the loan has been issued, the principal repayments are starting from 3rd month.Secured debt
14/06/2018 ■ 615 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 ■ 616 days
Juurdeveo 25c, 13113 Tallinn
CrowdEstate
financed
Juurdeveo 25C OÜ is reconstructing a former office and industrial building of Estonian Railways, located at the edge of Tallinn City Centre, at Juurdeveo 25c. The Sponsor intends to turn the building into the residential rental building with 73 studio apartments. The project includes reconstruction of the building, furnishing the units and sales of turn-key apartments. The Sponsor sees retail property investors as its main target group and has therefore designed a marketing strategy to guarantee clients a 7% rental yield with free rental management service for 24 month period. Crowdestate investors have an opportunity to fund the construction works of the residential rental building in Tallinn, Juurdeveo 25c in the total amount of EUR 1,020,000. Funding will be arranged in several tranches. The funding target for the first tranche is EUR 340,000. This 12-month tranche will earn an 11. 0% fixed annual interest rate, with an IRR of 11. 46%. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,415,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 5 separate funding rounds, EUR 200,000 to EUR 300,000 each. The last tranche is planned for Q4 of 2018. According to the financial model, the loans would be returned and interest paid out latest by June 2019. Sponsor has committed to monthly interest payments. Sponsor is obliged to return 80% of sales revenues to Crowdestate investors as loan repayments,Sponsor has already invested EUR 1,100,000 equity into this project, the funds have been used to acquire the property and start construction works.Secured debt
10/06/2018 ■ 619 days
Kreutzwaldi 59c, 65610 Võru, Estonia
CrowdEstate
financed
Tamula Kodu OÜ is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building. The project is divided into two distinct phases. The Sponsor is looking to fund the constructions costs of the first phase of the project. The first phase includes all necessary demolition works, construction works, building inner partition walls for all 68 apartments and finishing 28 apartments. The remaining 40 apartments will be finished and sold during the second stage of the project. As of 29. 05. 2018, 17 of 28 apartments in the first stage have already been booked, demonstrating solid demand towards the product. Crowdestate investors have an opportunity to fund the construction of the residential development project at Kreutzwaldi 59c, Võru in the total amount of EUR 1,400,000. Funding will be arranged in several tranches. The funding target for the first tranche is EUR 300,000. This 8-month tranche will earn a 14% fixed annual interest rate, with an IRR of 14,22%. All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,927,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. The total funding is arranged in up to 7 separate funding rounds, EUR 200,000 to EUR 300,000 each. The first three funding rounds have a shorter, up to 8-month investment period. The rest of the rounds would have slightly longer, up to 12-month repayment periods. Accrued interest is paid out at the end of the investment period along with the return of the principal. According to the financial model, the loans would be returned and interest paid out latest by September 2019. As the Sponsor is obliged to return 95% of sales revenues to Crowdestate investors, the actual loan period may turn out to be shorter. Prior to this campaign, the Sponsor has already invested EUR 900,000 equity into this project. Investments have been used for acquiring the property and financing ongoing construction works.Secured debt
06/06/2018 ■ 623 days
Baltic Forest OÜ (II)
CrowdEstate
financed
Crowdstate investors successfully funded the Sponsor, Baltic Forect OÜ, first project on March 21, 2018 with an investment loan of EUR 500,000. The aim of the project was to build Paikuse the most efficient sawmill in the Baltics, and the funds involved from investors were used to complete the investment needed to start production. The current developments for the project presented in March are as follows (for a better view, see the file attached 'before: afterä, there are pictures March vs. Today):The log sorting line has been launched, tested and the device is in active operation. Commenced with the purchase of logs, which has been adopted to date, RMK has been measuring and storing about 7,000 tm on a sieter line. The planned expansion and renovation work of the saw hall is on schedule. The renovation and installation of the sawline and board assortment is about a week down the schedule, but no significant obstacle or problem has occurred. For now, the company has invested about 10 million euros in fixed assets, of which approximately 60% (5. 9 million euros) is financed by the owners (incl. Owner-owned companies and share capital), approximately 2. 2 million euros, Unicredit Liising, ca 0. 4 million euros from the Rural Development Foundation (MES), and for the rest by third parties. Regarding to this project, the Sponsor wants to refinance third party loans at an interest rate of 25% per annum, thereby improving the company's profitability. The Sponsor would like to involve capital from investors of min EUR 950 000 (goal: EUR 1 450 000) for 12 months, with an expected return of 16. 01% and a 15% interest rate per year. Interest payments are made from the 3rd month following the issue of the loan, and the principal is paid as a one-time payment at the end date of the loan. To protect the investors, the second mortgage (first priority is Unicredit in the amount of 1. 95 million euros) will be set aside for the industrial estate and there's owner's guarantee in the loan amount as well (for the benefit of Crowdstate Collateral Agent OÜ).Secured debt
23/05/2018 ■ 637 days
Jahu 5, 10414 Tallinn
CrowdEstate
financed
Klausson's Candy FactoryUnsecured debt
15/05/2018 ■ 645 days
Koru põik 3, 76401 Laagri (V)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 3, Estonia in the total amount of 703 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The fifth stage of the development requires funding in the amount of 105 000€, therefore the total loan amount outstanding shall be 655 000€ and the loan is secured by a first rank mortgage. Fixed interest rate is 12. 5% p. a. According to Sponsor, as of 10. 05. 2018, there is 1 apartment sold and negotiations regarding sales for at least 2 apartments under way. The construction has reached interior decoration phase, which would also support sales.Secured debt
11/05/2018 ■ 649 days
R. Tobiase 3, 10147 Tallinn (II)
CrowdEstate
financed
R. Tobiase 3 is a small luxury residential building located in the highly valued Kadriorg district in Tallinn, Estonia. This apartment building is being developed by the largest Estonian residential real estate developer, Endover Real Estate. The development is in the middle of the construction phase and is scheduled to be completed by autumn 2018. 60% of the 12 apartments have already been sold. R. Tobiase 3 development has already been co-funded by Crowdestate's investors in the amount of EUR 413 400 in May 2016. Due to the delayed issuance of the construction permit, this project is about 12 months behind its originally planned schedule and as Crowdestate's first funding round is reaching its maturity, Endover Real Estate is looking to refinance the previous funding round with the new and shorter one. Endover Real Estate is looking to raise EUR 413 400 at 12,42% annual interest rate and with a maturity of up to 1 year. The capital raised during this funding round will be used to refinance the previous crowdfunded capital.Unsecured debt
06/05/2018 ■ 654 days
Viru Halud OÜ
CrowdEstate
financed
Investment loanSecured debt
30/04/2018 ■ 660 days
Tammelehe 2, 76901 Tabasalu (IV)
CrowdEstate
financed
The project at Tammelehe street (Tabasalu, Harku county, Harjumaa) includes 3 separate land plots that have received a building permit to develop a row house with 6 apartments and to develop Tammelehe street (the street, communications, lighting). The Sponsor of the Project, Rolegur OÜ, plans to complete the street and the first rowhouse simultaneously with the completion date by the end of 2018. This investment opportunity offers the possibility to fund the development of a row house located at Tammelehe 2, Estonia in the total amount of EUR 690,000. The development is financed in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is finished. The third funding round of the development requires funding in the amount of EUR 160,000. The loan is secured by a first rank mortgage and is paying a 13. 0% interest rate p. a.Secured debt
30/04/2018 ■ 660 days
Ehitajate tee 145, 13517 Tallinn
CrowdEstate
financed
Rocca Villa is a new residential development project, located in Haabersti district of Tallinn, executed by the largest Estonian residential real estate developer Endover Real Estate. Rocca Villa is the first of 5 new residential and mixed-use buildings forming a new Rocca Towers complex. Endover Real Estate is a well-known Sponsor as Crowdestate’s investors have previously crowdfunded 9 different development projects by Endover Real Estate - 6 of them have already been successfully exited and 3 are in their planned development stage. Endover Real Estate has a long, proven track record as a professional real estate developer and a highly successful sales and marketing organization. Crowdestate’s investors have an opportunity to crowdfund up to EUR 500,000 and participate in the development of Rocca Villa residential building. The investment term is up to 24 months, but depending on the actual sales speed of developed apartments, Endover Real Estate is estimating that the crowdfunded capital will be repaid in full within 16 - 20 months. This investment earns a 13,5% annual interest, payable quarterly from the 6th month. The IRR of this investment is 14,11%.Mezzanine
20/04/2018 ■ 670 days
Global Nord Timber (II) OÜ
CrowdEstate
financed
Global Nordic Timber OÜ business volumes have been steadily growing and the company is looking to raise additional working capital. The objective of this loan is to fund the growth of the business volumes, i. e. covering the working capital needs from the time of purchase of the material to receiving the sales proceeds. This 6-month working capital loan pays an annual 15% interest rate, the estimated internal rate of return (IRR) on this investment is 16. 05%. To protect the interests of investors, the loan is secured by a personal guarantee issued by the member of the management board along with the restrictions imposed by the Crowdstate Collateral Agency OÜ ("Tagatisagent") on the use of received funds. Crowdstate's investors financed the Sponsor's first EUR 300,000 funding campaign in October last year with a 15% annual interest rate and a maturity of six months. The first funding round had a positive impact on company's business volumes. The resulting liquidity allowed the Sponsor to achieve good relations with major Russian producers and significantly improve payment terms. The Sponsor has also reached the planned sales volumes by today.Secured debt
17/04/2018 ■ 673 days
Tammelehe 2, 76901 Tabasalu (III)
CrowdEstate
financed
The project at Tammelehe street (Tabasalu, Harku county, Harjumaa) includes 3 separate land plots that have received a building permit to develop a row house with 6 apartments and to develop Tammelehe street (the street, communications, lighting). The Sponsor of the Project, Rolegur OÜ, plans to complete the street and the first rowhouse simultaneously with the completion date by the end of 2018. This investment opportunity offers the possibility to fund the development of a row house located at Tammelehe 2, Estonia in the total amount of EUR 690,000. The development is financed in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is finished. The third funding round of the development requires funding in the amount of EUR 100,000. The loan is secured by a first rank mortgage and is paying a 13. 0% interest rate p. a.Secured debt
16/04/2018 ■ 674 days
Vabaduse 16, 78901 Kohila (II)
CrowdEstate
financed
This investment opportunity allows investors to funds the construction of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ. This is the 2nd Crowdestate funding round of the development project launched in the summer of 2017. The Sponsor of the project, Starelement OÜ and its sole owner, Mr Jaanus Jässi (hereinafter: Sponsor) is looking to crowdfund EUR 170,000 for financing construction costs, planning to use less than the originally estimated amount of senior bank loans. The Sponsor has issued 100% share pledge in favor of Crowdestate Collateral Agent OÜ for the loan period. This investment opportunity offers investors a set fixed interest rate of 14% p. a. for a loan term of up to 7 months. In case the sales speed exceeds expectations, The Sponsor intends to repay the raised capital as fast as possible. The development stage of the project is currently at 75%, and notarized purchase agreements are concluded for 55% of the available units. Additionally, reservation agreements have been signed for two apartments and there are negotiations underway to sell commercial premises.Unsecured debt
06/04/2018 ■ 684 days
Koru põik 3, 76401 Laagri (IV)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 3, Estonia in the total amount of 703 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The fourth stage of the development requires funding in the amount of 150 000€, therefore the total loan amount outstanding shall be 550 000€ and the loan is secured by a first rank mortgage. Fixed interest rate is 12. 5% p. a.Secured debt
23/03/2018 ■ 698 days
Baltic Forest OÜ
CrowdEstate
financed
The Sponsor, Baltic Forest OÜ, requires working capital in the amount of 500 000 eur to start a sawing industry in Paikuse. The investment term is 12 months with an interest rate of 15% per annum (expected IRR 16. 2%). The Sponsor will make a single bullet payment at the end of the loan term. The loan is secured by the Sponsor (personal guarantee in the amount of the loan).Secured debt
22/03/2018 ■ 699 days
Vesiroosi 1, Pärnu
CrowdEstate
financed
Small and exclusive apartment building in PärnuUnsecured debt
15/03/2018 ■ 706 days
Tammelehe 2, 76901 Tabasalu (II)
CrowdEstate
financed
The project at Tammelehe street (Tabasalu, Harku county, Harjumaa) includes 3 separate land plots that have received a building permit to develop a row house with 6 apartments, and to develop Tammelehe street (the street, communications, lighting). The Sponsor of the Project, Rolegur OÜ, plans to complete the street and the first row house simultaneously with the completion date by the end of 2018. This investment opportunity offers the possibility to fund the development of a row house located at Tammelehe 2, Estonia in the total amount of EUR 690,000. The development is financed in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is finished. The second stage of the development requires funding in the amount of EUR 100,000. The loan is secured by a first rank mortgage and 13. 0% interest rate p. a.Secured debt
08/03/2018 ■ 713 days
Lepa tee 1, 74201 Loo
CrowdEstate
financed
Affordable suburban apartments nearby TallinnEquity
28/02/2018 ■ 721 days
Tammelehe 2, 76901 Tabasalu
CrowdEstate
financed
The project at Tammelehe street (Tabasalu, Harku county, Harjumaa) includes 3 separate land plots that have received a building permit to develop a row house with 6 apartments, and to develop Tammelehe street (the street, communications, lighting). The Sponsor of the Project, Rolegur OÜ, plans to complete the street and the first row house simultaneously with the completion date by the end of 2018. This investment opportunity offers the possibility to fund the development of a row house located at Tammelehe 2, Estonia in the total amount of EUR 690,000. The development is financed in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is finished. The first stage of the development requires funding in the amount of EUR 260,000. The amount consists of two components: EUR 160,000 against the collateral and EUR 100,000 against the prepayment invoices (the construction budget). The loan is secured by a first rank mortgage and the interest auction begins at 13. 0% interest rate p. a.Secured debt
20/02/2018 ■ 729 days
RAHVAKOOLI ARENDUSE OÜ
CrowdEstate
financed
Rahvakooli 22, 24, 26 is a private, premium-class development project of row houses and multiplexes in the Pirita-Kose area, Tallinn, Estonia. A large landplot of 7'000 m2 shall accommodate four houses with different sizes for 12 families. The set of houses include a multiplex for 2 families, a row house for 3 families and a row house for 4 families. Secured debt
19/02/2018 ■ 730 days
ASSET OÜ
CrowdEstate
financed
Целевым назначением данного кредита, обеспеченного ипотекой, является строительство приобретенной квартирной собственности с заключительной отделкой и ее сдача в аренду или продажа конечному покупателю. Источником погашения кредита является продажа квартирной собственности или рефинансирование кредита по окончании кредитного периода.Secured debt
08/02/2018 ■ 741 days
ROLEGUR OÜ
CrowdEstate
financed
Refinancing of existing liabilities and funding activities of the company.Secured debt
02/02/2018 ■ 747 days
R. Feldmana 2, LV-1014, Riga
CrowdEstate
financed
Mezaparks Residences by Lake KisezersEquity
31/01/2018 ■ 749 days
Koru põik 3, 76401 Laagri (III)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 3, Estonia in the total amount of 703 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The third stage of the development requires funding in the amount of 110 000€, therefore the total loan amount outstanding shall be 400 000€ and the loan is secured by a first rank mortgage. Fixed interest rate is 12. 5% p. a.Secured debt
11/01/2018 ■ 769 days
Strelnieku 4B, LV-1010 Riga, Latvia
CrowdEstate
financed
Boutique residential development in the valued Art Nouveau districtEquity
20/12/2017 ■ 791 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 ■ 797 days
Koru põik 3, 76401 Laagri (II)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 3, Estonia in the total amount of 703 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The second stage of the development requires funding in the amount of 130 000€, therefore the total loan amount outstanding shall be 290 000€ and the loan is secured by a first rank mortgage. Fixed interest rate is 12. 5% p. a.Secured debt
30/11/2017 ■ 811 days
Global Nord Timber OÜ
CrowdEstate
financed
Crowdestate crowdfunding platform presents investors an opportunity to invest into a short term working capital loan with an attractive interest rate. The Sponsor, Global Nord Timber OÜ requires additional working capital to fund the purchase of materials from their suppliers. The investment term is 7 months with an interest rate of 15% per annum (expected IRR 16. 2%). The member of the board offers their personal guarantee as a surety and Crowdestate Collateral Agent OÜ („Collateral Agent“) has set specific limitations for the use of the funds.Unsecured debt
10/11/2017 ■ 831 days
Koru põik 3, 76401 Laagri (I)
CrowdEstate
financed
Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets. This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 3, Estonia in the total amount of 703 000 EUR. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished. The first stage of the development requires funding in the amount of 160 000€, and the loan is secured by a first rank mortgage. Fixed interest rate is 12. 5% p. aSecured debt
10/11/2017 ■ 831 days
Kadaka pst 167, 11625 Tallinn
CrowdEstate
financed
Supermarket developmentEquity
20/10/2017 ■ 852 days
Verkkosaarenranta, 00580 Helsinki, Finland
CrowdEstate
financed
Floating luxury villas in HelsinkiEquity
20/10/2017 ■ 852 days
ROSENA DK OÜ
CrowdEstate
financed
Working capital business loan to enter new marketsSecured debt
06/10/2017 ■ 866 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 ■ 875 days
Decoreter OÜ
CrowdEstate
financed
Decoreter OÜ is an Estonian company that manufactures and exports high quality fashion and interior design products made of alpaca wool. This investment opportunity offers Crowdestate investors the chance to finance additional working capital for an Estonian company Decoreter OÜ. The additional working capital will be used to cover the timing gap between the purchase of raw materials until income from sales is received. The Sponsor additionally plans to refinance an existing credit line from Nordea bank in the amount of 30 000 euros. Investor may expect a fixed interest revenue of 14. 5% per annum, and the loan is issued for 24 months. The loan is secured by a commercial pledge and personal guarantees from owners covering the amount of the loan.Secured debt
31/08/2017 ■ 902 days
Rataskaevu 5, 10123 Tallinn (II)
CrowdEstate
financed
With this investment opportunity, Crowdestate investors participate in the refinancing of a short term loan issued for the completion of the first phase of Rataskaevu 5 development. This upcoming loan offers Crowdestate investors a short term investment opportunity with the investment term of 12 months and an annual interest rate of 12%. The loan is secured by a 2nd lien mortgage on a prime property of Rataskaevu 5, located in the highly valued Old Town of Tallinn. Brava Grupp OÜ, the owner and the developer of the property, seeks to raise 550,000 euros.Secured debt
31/07/2017 ■ 933 days
Peterburi tee 19/21, 11415 Tallinn
CrowdEstate
financed
Leveraged buyoutMezzanine
14/07/2017 ■ 950 days
Vabaduse 16, 78901 Kohila
CrowdEstate
financed
This investment opportunity enables investors to invest into the construction of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ. The Sponsor of the project, Starelement OÜ and its sole owner, Mr Jaanus Jässi (hereinafter: Sponsor) wishes to crowdfund 150 000 Euros from Crowdestate investors, to be used as supplementary equity next to the senior loan and Sponsor equity. The Sponsor shall issue 100% share pledge in favor of Crowdestate Collateral Agent OÜ for the loan period. This investment opportunity offers investors a set fixed interest rate of 16% p. a. for a loan term of up to 14 months with the possibility of early repayment after 12 months.Unsecured debt
10/07/2017 ■ 954 days
L. Koidula 32, 10150 Tallinn (II)
CrowdEstate
financed
This investment opportunity is about crowdfunding a senior loan to finance experienced developer's other current real estate development projects. This senior loan offers Crowdestate investors a short term investment opportunity with the term of 12 months and the annual interest rate is 11%. The senior loan is secured by a first lien mortgage on a prime 32 L. Koidula Street residential property in Tallinn, Estonia.Secured debt
07/07/2017 ■ 957 days
Click & Grow II
CrowdEstate
financed
The Sponsor of the project, Click & Grow is seeking to raise EUR 500,000 from Crowdestate investors to cover their additional working capital needs. The funding will be used to increase production volumes and inventory to satisfy the fast growing demand for their products. This investment opportunity is structured as a secured loan with an investment term of 18 months, offering investors 15% annual interest, and an IRR of 16. 1% per annum. The loan has an annuity repayment schedule with monthly interest and principal payments, principal repayments have a 6-month grace period. The investment will be secured by a EUR 1,000,000 commercial pledge on Click & Grow’s assets (including trade receivables, inventory and fixed assets). Click & Grow raised EUR 500,000 working capital through Crowdestate in 2016. They have been extremely punctual in servicing their debt, the current outstanding principal has already been reduced to EUR 257,770.Secured debt
31/05/2017 ■ 994 days
Agenskalna 24, LV-1046, Riga
CrowdEstate
financed
Residential development in AgenskalnsEquity
19/05/2017 ■ 1006 days
Tööstuse 47d, 10411 Tallinn (II)
CrowdEstate
financed
Volta Lofts is an exclusive reconstruction project in the highly sought after Kalamaja District, Estonia, completely reimagining an old industrial building into a stylish and modern apartment building. Crowdestate TST47D OÜ, a project company founded by Crowdestate, has already acquired 1% ownership from Volta Loftid OÜ, the development company, and signed a loan agreement with loan limit of up to 1. 25 million Euros, of which 750 000 Euros has already been invested during first crowdfunding campaign held in April 2017. Current crowdfunding campaign total volume is up to 500 000 Euros, with maturity on 31. 03. 2019 and fixed interest rate of 14. 50% p. a. Unsecured debt
15/05/2017 ■ 1010 days
CT Kapital OÜ
CrowdEstate
financed
CT Kapital OÜ is a SPV established for the acquisiton of majority share in biotechnology company Cellin Technologies OÜ. The acquisition is to be financed with a 150,000 euros of owner's equity and a 450,000 euro crowdfunded loan facility. The crowdfunded capital layer is structured as secured 2-year loan with a fixed annual interest rate of 15% . The loan pays quarterly interest and returns principal proportionally on 12th, 18th and 24th month. Investment's IRR is 15. 8%.Secured debt
14/04/2017 ■ 1041 days
Tööstuse 47d, 10411 Tallinn
CrowdEstate
financed
Volta Lofts is an exclusive reconstruction project in the highly sought after Kalamaja District, Estonia, completely reimagining an old industrial building into a stylish and modern apartment building. The Project's crowdfunded capital layer is up to 1,250,000 euros with an investment time horizon of 24 months with a fixed annual interest rate of 14. 50%.Unsecured debt
03/04/2017 ■ 1052 days
Balozu 7, LV-1048, Riga
CrowdEstate
financed
Boutique residential development in AgenskalnsEquity
02/04/2017 ■ 1053 days
Saules aleja 2A, LV-1002, Riga
CrowdEstate
financed
Residential development in AgenskalnsEquity
31/03/2017 ■ 1055 days
Mustakivi tee 25, 13917 Tallinn
CrowdEstate
financed
Project Vega, located at 25 Mustakivi road, Tallinn, Estonia, with its almost 300 new reasonably priced apartments is a stylish and wholesome development project with many added values by Endover KVB. Project’s crowdfunded capital layer is limited to 1,500,000 euros. Investment time horizon is up to 30 months and investment’s IRR is 15,33% per annum.Unsecured debt
31/01/2017 ■ 1114 days
Väike-Jõe 12a, 80013 Pärnu
CrowdEstate
financed
With this Project, Mix Fix Ltd is planning the development of an apartment building on the property of Väike-Jõe 12A. The Sponsor of the Project, Mic Kuisma („Sponsor“) is looking for 470 000 euros from Crowdestate investors to finance the construction of the Project. The Project is secured by 1st charge mortgage. The expected length of this investment opportunity is 12 months with fixed interest rate of 12. 50% per annum. Secured debt
28/12/2016 ■ 1148 days
Tööstuse 16, 10411 Tallinn
CrowdEstate
financed
Small apartment building in KalamajaEquity
16/12/2016 ■ 1160 days
Kevade 9, 10137 Tallinn
CrowdEstate
financed
Secured fix and flip loanSecured debt
16/12/2016 ■ 1160 days
Peterburi tee 98, 11415 Tallinn
CrowdEstate
financed
Peterburi road 98, Tallinn, Estonia is about designing and building a hypermarket for a leading Estonian retailer and exit from the project through selling the cash flowing property to a long-term investor. Crowdestate's investors have an opportunity to acquire 49% equity stake in the development company and receive 49% of the project's profits generated through the exit process. Investment's time horizon is 18 months and estimated return (IRR) is 21,7% per annum.Equity
09/12/2016 ■ 1167 days
Click&Grow OÜ
CrowdEstate
financed
The Sponsor of the project, Click&Grow OÜ is a well known company that has developed an innovative technolgy which enables planting organic food (herbs) wherever by both, private persons and companies. With this project Click&Grow OÜ wishes to find funding from Crowdestate investors in the amount of 500 000 EUR to finance their working capital and to purchase additional inventory. The investment will enable them to purchase 20 000 Smart Herb Gardens and 15 000 capsules. The loan is secured by a commercial pledge. This investment opportunity offers monthly payments of interest and principal for a period of one year with an interest rate of 12. 5% per annum.Secured debt
30/11/2016 ■ 1176 days
Astangu 19/2-3, 13519 Tallinn (II)
CrowdEstate
financed
With this project, Crowdestate investors have the opportunity to fund the development of Aurora Park - an extensive residential development of a total of three 8-storied buildings. The project will also include a multifunctional area with a beautiful park, playground and barbecue possibilities. The investment term is up to 24 months with an expected interest rate of 13. 5% per annum.Unsecured debt
23/11/2016 ■ 1183 days
ICP Solutions OÜ
CrowdEstate
financed
ICP Solutions is a privately held engineering company established in 2009 owned by 3 Estonian private individuals. The company offers a wide range of energetic- and renewable energy solutions for the industrial sector. With this project they are seeking financing for the design and construction of a bioenergy project in the amount of 200 000 EUR. Investment by Crowdestate investors is in the form of a loan, with an investment term of 2 years and 15. 0% interest per annum. The loan's interest payments are serviced quarterly with the principal paid back at the end of term.Secured debt
11/11/2016 ■ 1195 days
Astangu 19/2-3, 13519 Tallinn (I)
CrowdEstate
financed
With this project, Crowdestate investors have the opportunity to fund the development of Aurora Park - an extensive residential development of a total of three 8-storied buildings. The project will also include a multifunctional area with a beautiful park, playground and barbecue possibilities. The investment term is up to 24 months with an expected interest rate of 13. 5% per annum.Unsecured debt
10/11/2016 ■ 1196 days
Metsa tee 31/33/35, Iru 74206, Eesti
CrowdEstate
financed
Affordable suburbian apartments in TallinnEquity
31/10/2016 ■ 1206 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 ■ 1237 days
PlusPlus Capital I
CrowdEstate
financed
PlusPlus Capital AS (PPC) is specializing in bulk-purchasing of non-performing claims, restructuring the claims, managing them and collecting payments. PPC is looking to crowdfund 600. 000 euros from Crowdestate investors to finance the acquisition of another portfolio of non-performing claims from Lithuania. The length of the loan is 24 months with an interest rate of 15% per annum.Secured debt
31/08/2016 ■ 1267 days
Rataskaevu 5, 10123 Tallinn
CrowdEstate
financed
Brava Grupp OÜ, the owner and the developer of the property, seeks to raise 550,000 euros of secured debt during the first phase of the project. The funds will be used for the preparation of construction phase and for partially releasing currently invested equity. The raised debt will be secured by a 2nd rank mortgage on 5 Rataskaevu street property. The second stage of the project will include the reconstruction of the property and creating a SPA, restaurant and rooms for an apartement hotel. Crowdestate's members have an opportunity to fund Brava Grupp Ltd. in the amount of EUR 550,000 euros with a fixed 11. 0% per annum interest rate and an investment term of 12 months.Secured debt
15/07/2016 ■ 1314 days
Tööstuse 47b, 10416 Tallinn
CrowdEstate
financed
Tööstuse 47B development is a 6-storied apartment in the historical Volta district, by Endover KVB. The building will feature New York styled lofts with industrial design, high ceilings and stylish interiors. Opposing the average family apartment, lofts are clearly in demand. That is especially visible in the strong presale of the Tööstuse 47b lofts – 40% of lofts have already been sold!Crowdestate investors are invited to fund the project in the amount of 750,000 Euros with a fixed net annual (pre-tax) return to investors of 13. 5%.Unsecured debt
03/06/2016 ■ 1356 days
R. Tobiase 3, 10147 Tallinn
CrowdEstate
financed
The project of R. Tobiase 3 is modest in volume (only 15 units) which enables them to ensure a great construction quality which will transfer into an exclusively priced product. With Endover KVB on board sharing their long-term project management experience, and the cooperation with architectural bureau APEX, Tobiase 3 will differentiate itself from other projects easily, and justify the premium price. The Sponsor wishes to crowdfund the amount of 413 400€, with the fixed interest rate of 12. 42% per annum.Unsecured debt
06/05/2016 ■ 1384 days
Piima, Amula küla, 41553 Kohtla vald
CrowdEstate
financed
Grain dryer construction financingUnsecured debt
30/04/2016 ■ 1390 days
CMP Solution kuivbetooni tootmisliini ehituse finantseerimine
CrowdEstate
financed
CMP concrete production line financingSecured debt
13/04/2016 ■ 1407 days
Vana-Kalamaja 6, 10142 Tallinn
CrowdEstate
financed
According to the detailed plan, Vana-Kalamaja 6 is designated as mixed use building with 80% of residential space and 20% of commercial space. The current, depreciated building shall be demolished and a completely new, modern building with 4 floors will rise there. The first floor shall include commercial premises; apartments shall be located on the floors above. Crowdestate investors have the opportunity to invest 500 000 EUR to this project. The expected performance of the investment is at minimum 13. 7% per annum.Mezzanine
31/03/2016 ■ 1420 days
Lõokese 5, 11311 Tallinn
CrowdEstate
financed
With this development project, the Sponsor Lõokese Arendus OÜ shall erect at Lõokese 5 land plot a remarkable - circle-shaped row house. The construction permit was issued in October 2015 and construction works should commence during Q1, 2016. The completion of the construction works is planned at Q4, 2016. Crowdestate investors have been invited to participate by funding the project in the amount of EUR 590. 000. The annual fixed net return of the investment is 13. 7%.Unsecured debt
08/03/2016 ■ 1443 days
Käokella tee 1/3, 75304 Järveküla
CrowdEstate
financed
Energy-efficient row houseSecured debt
28/01/2016 ■ 1483 days
L. Koidula 32, 10150 Tallinn
CrowdEstate
financed
Luxury residential building in KadriorgSecured debt
25/12/2015 ■ 1517 days
Kotzebue 14, 10412 Tallinn
CrowdEstate
financed
Multifamily development in KalamajaEquity
10/11/2015 ■ 1562 days
Kopli tee 44, 75312 Peetri
CrowdEstate
financed
Small row house in popular suburbEquity
15/09/2015 ■ 1618 days
Pärnu mnt 457, 10916 Tallinn
CrowdEstate
financed
The purpose of this development project is to buy the 457 Pärnu Road plot and replan it into multifamily residential area. After the approval of new detailed plan, the plot is going to be auctioned off to construction companies. The length of the project is about years and the sales of newly planned plot could take place in autumn 2018. To be able to complete this project, the Sponsor is seeking additional capital. Crowdestate's members can now co-invest 364. 200 euros into this project and participate in sharing the project's projected profits. The base interest is 18. 0% paid upon the exit of the project, with a possibility to partake in the sharing of the profits as well. Equity
03/09/2015 ■ 1630 days
Heina 5, 10611 Tallinn
CrowdEstate
financed
Two small apartment buildingsUnsecured debt
24/04/2015 ■ 1762 days
Toompuiestee 13, 10136 Tallinn
CrowdEstate
financed
ToomresidencesUnsecured debt
23/03/2015 ■ 1794 days
Raua 25, 10125 Tallinn
CrowdEstate
financed
Villa SoansUnsecured debt
09/02/2015 ■ 1836 days
Kesk tee 17, 75305 Jüri
CrowdEstate
financed
Universal industrial buildingEquity
19/01/2015 ■ 1857 days
Tedre 53, 13417 Tallinn
CrowdEstate
financed
2 private apartment buildingsEquity
10/01/2015 ■ 1866 days
Roosaare tee 1/3/5/7 a/b, 75312 Peetri
CrowdEstate
financed
8 small apartment buildingsEquity
20/10/2014 ■ 1948 days
Sipelga 3, 13423 Tallinn
CrowdEstate
financed
Modern urban apartmentsEquity
22/08/2014 ■ 2007 days
Koru, Koidu küla, Saue vald
CrowdEstate
closed
Commercial land development near TallinnEquity
10/02/2020 ■ 9 days
Via F. Confalonieri 21, Milano
CrowdEstate
closed
Gestione Immobiliare srls, the project Sponsor is about to acquire two commercial units of a total of 700 sqm located in the heart of Milan, between Via F. Confalonieri 21 and Via Borsieri 7, one of the most modern, popular and rapidly growing areas of the city. To complete the acquisition phase, the Sponsor is raising up to 1 650 000 EUR (LTV of 44%), with a minimum funding target of 1 200 000 EUR (LTV of 32%). After the acquisition, current units will be transformed into two modern bar&restaurant businesses and Sponsor will refinance crowdfunding loan with a long-term bank loan within 24 months. Offering an interesting 12% yearly interest rate, paid on an annual basis. This area of the city, called "Isola - Garibaldi", has been completely renovated in the last few years becoming a key target for tech companies, new commercial businesses, and innovative residential projects. These factors positively contribute to the future success of the investment opportunity. The loan is secured by a 1st rank mortgage on both the commercial units for a value of 2 600 000 EUR.Secured debt
15/03/2019 ■ 341 days
Katolu iela 9, LV-1003 Riga
CrowdEstate
closed
Rental apartment building at Katolu streetEquity
16/04/2018 ■ 674 days
Elcogen AS
CrowdEstate
closed
Convertible working capital loanUnsecured debt
30/04/2017 ■ 1025 days
PlusPlus Capital II
CrowdEstate
closed
Acquisition of non-performing loansSecured debt
09/03/2017 ■ 1077 days