Coming soon crowdfunding opportunities

Astangu 18/20, 13519 Tallinn (IV)

CrowdEstate

coming soon

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.

14/05/2019  ■  10 days

Veskimöldre 2 (II)

CrowdEstate

coming soon

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.

13/05/2019  ■  11 days

Aeru 9/11, Tartu 51017 (III)

CrowdEstate

coming soon

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%.

03/05/2019  ■  21 days

Seafood OÜ (II)

CrowdEstate

coming soon

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.

01/05/2019  ■  23 days

H.M. Seafood OÜ

CrowdEstate

coming soon

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.

19/04/2019  ■  35 days

Kreutzwaldi 59c, 65610 Võru (IX)

CrowdEstate

coming soon

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.

12/04/2019  ■  42 days

Pargi 10, Tartu

CrowdEstate

coming soon

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%.

08/04/2019  ■  46 days

Baltic Forest OÜ (VIII)

CrowdEstate

coming soon

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.

25/03/2019  ■  60 days

Metsapargi tn 6, Alliku küla, Saue vald (IV)

CrowdEstate

coming soon

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.

14/03/2019  ■  71 day

Viru Halud OÜ (II)

CrowdEstate

coming soon

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.

12/03/2019  ■  73 days

Koru põik 1, Saue vald, Alliku küla (III)

CrowdEstate

coming soon

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.  

05/03/2019  ■  80 days

Aeru 9/11, Tartu 51017 (II)

CrowdEstate

coming soon

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%.

25/02/2019  ■  88 days

Kreutzwaldi 59c, 65610 Võru (VIII)

CrowdEstate

coming soon

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.

19/02/2019  ■  94 days

Veskimöldre 2

CrowdEstate

coming soon

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.

13/02/2019  ■  100 days

Soinaste 8d - 8, Tartu

CrowdEstate

coming soon

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.

07/02/2019  ■  106 days

Marguse Spordibaas, Nüpli, Otepää (II)

CrowdEstate

coming soon

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).

01/02/2019  ■  112 days

DP Pack OÜ

CrowdEstate

coming soon

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.

31/01/2019  ■  113 days

Kreutzwaldi 59c, 65610 Võru (VII)

CrowdEstate

coming soon

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.

30/01/2019  ■  114 days