Stato

160%

financita

Kunhavigi

Financaj datumoj (2019-12-18)

Kvanto financita
EUR 400 000,00
Minimuma objektivo
EUR 250 000,00
Minimuma investo
EUR 100,00

Detaloj

Lando
Estonio EE
Tipologio
N.d.Secured debt
Sektoro
NemoveblaĵojResidential
Finfina dato
2019-12-18 (1954 tagoj)
Ĉiujare rendimento
11.00%
Plena rendimento
11.00%
Daŭro
12 monatoj
investantoj
936

Priskribo

“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%.”

Financado progreso

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