Tammelehe 2, 76901 Tabasalu (IV)

Détails

Pays

Estonie

Type

NASecured debt

Secteur

ImmobilierResidential

Date de fin

30/04/2018 (2452 jours)

Rendement total

16.25%

Rendement annuel

13.00%

Durée/Maturité

15 mois

investisseurs

271

“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.”