Stato

100%

financita

Kunhavigi

Financaj datumoj (2018-12-12)

Kvanto financita
EUR 200 000,00
Minimuma objektivo
EUR 200 000,00
Minimuma investo
EUR 100,00

Detaloj

Lando
Estonio EE
Tipologio
N.d.Secured debt
Sektoro
Nemovebla─ÁojResidential
Finfina dato
2018-12-12 (2040 tagoj)
─łiujare rendimento
12.51%
Plena rendimento
11.55%
Da┼şro
13 monatoj
investantoj
504

Priskribo

“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 Emaj├Ági on the northern border of Tartu, the second largest city in Estonia. ┬áAs 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 SponsorÔÇÖs equity. ┬áThe 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. ┬áThe first funding round has an objective to raise EUR 200,000. ┬áThe 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 O├ť, 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%.”

Financado progreso

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