This opportunity consists of providing an unsecured loan to Estera Development Holding OÜ (Estonia), a holding company owning land plots in three attractive locations in Riga and its metro area (Latvia). The aim of this Project is to allow the Sponsor to partly restructure its current capital structure and to provide financing for preparing its Latvian development land holdings for construction of apartments.The Sponsor, Estera Development Holding OÜ operates through wholly owned Latvian subsidiary companies, which are owners and developers of formentioned land portfolio. The same team has previously successfully concluded three funding campaigns through Crowdestate: <a href="https://crowdestate.eu/opportunity/Briezu-7A" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Briezu 7a development project</a> (funds returned to investors with early redemption), <a href="https://crowdestate.eu/opportunity/Mezkalna" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Mezkalna 4 development project</a> (currently ongoing), <a href="https://crowdestate.eu/opportunity/estera-development-I" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Estera Development Makonkalns</a> (currently ongoing).The repayment of the current loan is envisioned through sales of prepared land areas for development to new investors attracted by Estera Development before the start of construction.The Sponsor is planning to raise subordinated unsecured loans in total amount of EUR 750,000 to EUR 1,500,000 in one or several tranches. Shareholders of the Sponsor undertake to subscribe at least EUR 357,000 and up to EUR 750,000 of the total campaign amount. The duration of this investment opportunity is 30 months with maturity date set on 31.12.2021. The Sponsor is entitled for an early partial or full redemption option after 12 months after settlement of the loan agreement. Interest rate is fixed on 19% per annum, the Sponsor has committed to yearly interest payments with 12 months payment interval.The calculated internal rate of return (IRR) for this opportunity is 19,0%.

Development land portfolio for economy class apartments in Riga and its metro area

This opportunity consists of providing an unsecured loan to Estera Development Holding OÜ (Estonia), a holding company owning land plots in three attractive locations in Riga and its metro area (Latvia). The aim of this Project is to allow the Sponsor to partly restructure its current capital structure and to provide financing for preparing its Latvian development land holdings for construction of apartments.The Sponsor, Estera Development Holding OÜ operates through wholly owned Latvian subsidiary companies, which are owners and developers of formentioned land portfolio. The same team has previously successfully concluded three funding campaigns through Crowdestate: <a href="https://crowdestate.eu/opportunity/Briezu-7A" target="">Briezu 7a development project</a> (funds returned to investors with early redemption), <a href="https://crowdestate.eu/opportunity/Mezkalna" target="">Mezkalna 4 development project</a> (currently ongoing), <a href="https://crowdestate.eu/opportunity/estera-development-I" target="">Estera Development Makonkalns</a> (currently ongoing).The repayment of the current loan is envisioned through sales of prepared land areas for development to new investors attracted by Estera Development before the start of construction.The Sponsor is planning to raise subordinated unsecured loans in total amount of EUR 750,000 to EUR 1,500,000 in one or several tranches. Shareholders of the Sponsor undertake to subscribe at least EUR 357,000 and up to EUR 750,000 of the total campaign amount. The duration of this investment opportunity is 30 months with maturity date set on 31.12.2021. The Sponsor is entitled for an early partial or full redemption option after 12 months after settlement of the loan agreement. Interest rate is fixed on 19% per annum, the Sponsor has committed to yearly interest payments with 12 months payment interval.The calculated internal rate of return (IRR) for this opportunity is 19,0%.

Käesoleva rahastusprojekti raames on Crowdestate’i investoritel võimalus rahastada allutatud tagamata laenu kujul arenduskinnistute portfelli refinantseerimist, mis võimaldab Sponsoril osaliselt senine kapitalistruktuur ümber korraldada ning finantseerida ettevalmistusi kinnistutele korterelamute ehitamiseks. Sponsor kavatseb kinnistutele rajada keskklassi korterelamuid.Projekti Sponsor, Estera Development Holding OÜ on valdusettevõte, mis läbi Läti tütarettevõtete omab arenduskinnistuid kolmes atraktiivses asukohas Riias ja selle lähiümbruses, Läti Vabariigis.Sama meeskonna projekte Lätis on Crowdestate’i investorid varem finantseerinud kolmel korral: <a href="https://crowdestate.eu/opportunity/Briezu-7A" target="">Briezu 7a arendusprojekt Riias</a> (laen tagastati investoritele tähtajast varem), <a href="https://crowdestate.eu/opportunity/Mezkalna" target="">Mezkalna 4 arendusprojekt Riias</a> (hetkel töös) ja <a href="https://crowdestate.eu/opportunity/estera-development-I" target="">Estera Development Makonkalns</a> (hetkel töös).Sponsor kavatseb laenu tagastada arenduseks ettevalmistatud kruntide müügist järgmise ringi investoritele enne ehituse alustamist.Käesoleva rahastusprojekti raames soovib Sponsor kaasata kapitali tagamata allutatud laenu kujul vähemalt 750 000 euro ja kuni 1 500 000 euro suuruses summas. Vähemalt 375 000 euro suurune osa selles rahastusprojektist märgitakse Sponsori osanike poolt.Laenuperioodi pikkuseks on kuni 30 kuud, s.t. laenutähtajaks on 31.12.2021. Sponsoril on võimalus osa või kogu laenusumma tagastada peale 12 kuu möödumist laenulepingu sõlmimisest. Intressimääraks on fikseeritult 19% aasta baasil ning intressimakseid tehakse kord aastas, 12 kuu pikkuse makseintervalliga.Rahastusprojekti sisemiseks arvutuslikuks tootlusläveks (IRR) on 19,0%.

Этот проект заключается в предоставлении необеспеченного займа для Estera Development Holding OÜ (Эстония), холдинговой компании, владеющей земельными участками в трех привлекательных местах в Риге и ее районах (Латвия). Цель этого проекта - дать Спонсору возможность частично реструктурировать свою текущую схему капитала и финансировать подготовку земельных участков в Латвии для строительства квартирных домов.Estera Development Holding OÜ осуществляет свою деятельность через латвийские дочерние компании, которые являются владельцами и разработчиками указанного портфеля участков.Ранее та же команда успешно завершила три раунда финансирования через Crowdestate: проект <a href="https://crowdestate.eu/opportunity/Briezu-7A" target="">Briezu 7a</a> (средства возвращены инвесторам с досрочным погашением), проект <a href="https://crowdestate.eu/opportunity/Mezkalna" target="">Mezkalna 4</a> (в настоящее время строительство продолжается), Estera Development <a href="https://crowdestate.eu/opportunity/estera-development-I" target="">Makonkalns</a> (в настоящее время строительство продолжается).Погашение текущего кредита предусматривается путем продажи подготовленных под застройку земельных участков новым инвесторам, привлеченным Estera Development до начала строительства.Спонсор планирует привлечь субординированные необеспеченные займы на общую сумму от 750 000 до 1 500 000 евро одним или несколькими траншами. Акционеры Спонсора обязуются внести как минимум от 375 000 евро до 750 000 евро в общую сумму.Срок действия этого инвестиционного проекта составляет 30 месяцев (с датой погашения 31.12.2021). Спонсор имеет право на досрочное частичное или полное погашение после 12 месяцев со дня кредитного соглашения.Установленная процентная ставка составляет 19% годовых, Спонсор взял на себя обязательство ежегодных выплат процентов с интервалом в 12 месяцев.Расчетная внутренняя доходность (IRR) этого проекта составляет 19,0%.

Finanzierungsziel:	€ 1500000
Erwartete Rendite:	19 % pro Jahr
Laufzeit der Investition:	31 monate
Risikokategorie:	D Modell zur Risikobewertung
LTV:	Geringes Risiko %
Capital stack:	Ungesicherte Schulden

Estera Development Holding

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