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

Détails

Pays

Estonie

Type

NASecured debt

Secteur

ImmobilierResidential

Date de fin

13/10/2018 (2406 jours)

Rendement total

13.75%

Rendement annuel

11.00%

Durée/Maturité

15 mois

investisseurs

378

“Veskimöldre development region is an ambitious 70-hectare development by BC Arenduse OÜ, a company that belongs to Brave Capital investment group. It includes several plots in Saue akin to Veskimöldre. The goal of this project is to prepare the land plots for construction where each customer can build their desired home. The final project will include 166 single domicile plots and plots for the development of 127 row house apartments. Within these land plots, a reservation has been made for social grounds, where a new elementary school will be built, and some commercial grounds to build stores and all other necessary outlets.  This investment opportunity offers the possibility to fund the development of a row house located at Koru põik 1, Estonia in the total amount of 803 000 EUR. 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.  The second stage of the development requires funding in the amount of 197 500 EUR, and the loan is secured by a first rank mortgage. Fixed interest rate is 11% p. aApartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments). Prices are 235 000 euros and 214 000 euros respectively.”