Tulbi tee 3 (II), Viimsi

Détails

Pays

Estonie

Type

NASecured debt

Secteur

ImmobilierResidential

Date de fin

02/10/2019 (2055 jours)

Rendement total

16.15%

Rendement annuel

11.40%

Durée/Maturité

17 mois

investisseurs

593

“Crowdestate investors will be able to invest in a new mortgage-backed 18-month loan. AS Enko is planning to raise EUR 530,000 with a maturity of 18 months for the company’s working capital needs. Loan interest rate is 11% on an annual basis and interest payments are quarterly. The loan will be secured by a first-rank mortgage on Tulbi tee 3 property (21,439 m2, commercial land) and adjacent residential land plots - 13 properties with a total of 23,164 m2. The loan maturity is 18 months and it will be repaid from the sale of properties or by refinancing Crowdestate investors’ loan. The internal rate of return (IRR) for a loan with quarterly interest payments is 11. 4%. The loan-to-value ratio (LTV) is 50% and Crowdestate investors’ loan principal risk is 11. 9 EUR per sq m.”