Status

100%

financed

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Funding data (15 July 2016)

Raised
EUR 550,000.00
Min. Goal
EUR 550,000.00
Min. investment
EUR 100.00

Details

Country
Estonia EE
Type
N/ASecured debt
Sector
Real EstateLeisure
End date
15 July 2016 (2931 days)
Total yield
11.00%
Annual yield
11.00%
Duration/Maturity
12 months
investors
463

Description

“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.”

Funding progress

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