The goal for this opportunity is to finance the construction of an apartment building, with 110 apartments, situated at 103A, Timisoara Blvd., Bucharest, district 6, Romania. This will be Phase 2 of a larger 230 apartment development on a land of 5,000 sqm. Phase 1 including 69 apartments was completed and sold completely in 2019. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of up to EUR 3,000,000, arranged in 14-16 tranches, based on the progression of works and the pre-sales. Currently, the total loan balance financed through the platform is EUR 1,685,000 through 9 previous tranches. This will be the 10th tranche of the project in the amount of EUR 286,000. From the total amount requested by the Sponsor within current tranche, EUR 100,000 will be used to partially reimburse the 1st tranche of the project in the amount of EUR 250,000 with due date in February 2023. Another, EUR 100,000 will be used for the same purpose, from Sponsor's additional own equity. The rest of the funds, EUR 186,000 will be used for construction finance.The source of reimbursement will be the sale of the units when finalized. The investment tenor for this tranche is up to 8 months. The interest rate is 16% p.a. and it will be paid in semiannual installments of 8% p.a. interest, with the remaining difference at the end of the loan period or at reimbursement, whichever comes first. The loan will be secured by a 10th rank mortgage on the land and future buildings (with previous ranks in favor of previous tranches investors). The land &amp; existing structure (underground) was initially evaluated for EUR 1.3 million by Colliers International (using the residual income method) and ~EUR   3.26 million were invested additionally from Sponsor’s equity, pre-sales and Crowdestate’s loans.

Real estate investment opportunity in Romania for property development offering 16% annual interest rate.

Investment opportunity | Blvd. Timisoara 103A, Bucharest, Romania (X)

The goal for this opportunity is to finance the construction of an apartment building, with 110 apartments, situated at 103A, Timisoara Blvd., Bucharest, district 6, Romania. This will be Phase 2 of a larger 230 apartment development on a land of 5,000 sqm. Phase 1 including 69 apartments was completed and sold completely in 2019. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of up to EUR 3,000,000, arranged in 14-16 tranches, based on the progression of works and the pre-sales. Currently, the total loan balance financed through the platform is EUR 1,685,000 through 9 previous tranches. This will be the 10th tranche of the project in the amount of EUR 286,000. From the total amount requested by the Sponsor within current tranche, EUR 100,000 will be used to partially reimburse the 1st tranche of the project in the amount of EUR 250,000 with due date in February 2023. Another, EUR 100,000 will be used for the same purpose, from Sponsor's additional own equity. The rest of the funds, EUR 186,000 will be used for construction finance.The source of reimbursement will be the sale of the units when finalized. The investment tenor for this tranche is up to 8 months. The interest rate is 16% p.a. and it will be paid in semiannual installments of 8% p.a. interest, with the remaining difference at the end of the loan period or at reimbursement, whichever comes first. The loan will be secured by a 10th rank mortgage on the land and future buildings (with previous ranks in favor of previous tranches investors). The land &amp; existing structure (underground) was initially evaluated for EUR 1.3 million by Colliers International (using the residual income method) and ~EUR   3.26 million were invested additionally from Sponsor’s equity, pre-sales and Crowdestate’s loans.

Käesoleva investeerimisvõimaluse eesmärk on rahastada 110 korteriga korterelamu ehitamist. Projekt asub aadressil Timisoara pst.103A, Bukarest, 6. piirkond, Rumeenia. See on 5000 ruutmeetri suurusel maa-alal asuva 230 korteri arenduse 2. etapp. 1. Etapi 69 korterit valmisid 2019. aastal ja on tänaseks täies ulatuses müüdud.Crowdestate'i investoritel on võimalus investeerida hüpoteegiga tagatud arenduslaenu kogusummas kuni 3,000,000 eurot, jaotatuna 14–16 rahastusvooruks, lähtudes tööde edenemisest ja eelmüügist.Käesolev on projekti kumnes rahastusvoor. Eelnevalt on uheksa rahastusvooru kaudu kokku investeeritud 1,685,000 eurot. Käesoleva rahastusvooru suuruseks on 286,000 eurot. Kaasatud kapitali kasutatakse ehitustegevuse jätkamiseks ja 100,000 eurot kasutatakse projekti 1. rahastusvoor. osaliseks tagasimaksmine.Laenu tagasimakse allikaks on valminud korterite müügist saadud tulu.Investeerimisperiood on kuni 8 kuud. Fikseeritud intressimääraks on 16% aastas, millest 8% aastas makstakse 6-kuulise intervalliga ning ülejäänud 8% aastas makstakse laenuperioodi lõpus või laenu tagastamisel. Laen tagatakse kinnistule ja tulevaste hoonete 10. järgu hüpoteegiga (kõrgemad järgud tagavad 1., 2., 3., 4., 5., 6., 7.,8. ja 9. rahastusvooru investorite laenusid). Colliers International on hinnanud maa ja olemasoleva maa-aluse konstruktsiooni väärtuseks jääktulu meetodil 1,3 miljonit eurot, millele on lisandunud juba tehtud ehituskulude väärtus 3,26 miljonit eurot.

Obiectivul aceste oportunitati de investitie este constructia unui bloc de apartamente, cu 110 apartamente, localizat pe Bd. Timisoara nr. 103A, sectorul 6, Bucuresti, Romania. Proiectul reprezinta faza a doua dintr-un proiect mai mare de 230 de apartamente pe un teren de 5,000 m2. Faza 1 care a inclus 69 de apartamente a fost finalizata si vanduta in 2019. Investitorii Crowdestate au oportunitatea sa investeasca intr-un <a href="https://blog.crowdestate.eu/en/2020/secured-loan-definition/" target="" style="color: rgb(73, 131, 195);background-color: transparent;">imprumut senior</a>, garantat cu ipoteca, de pana la EUR 3.000.000, impartit în 14-16 transe, in functie de progresul lucrarilor si al vanzarilor in avans. In prezent, soldul total al imprumutului finantat prin platforma Crowdestate este de 1.685.000 EUR prin cele 9 transe anterioare. Prin intermediul celei de a zecea transa, Sponsorul doreste sa obtina suma de 286.000 EUR. Din suma totala solicitata de Sponsor in cadrul transei curente, suma de 100.000 EUR va fi folosita pentru rambursarea partiala a primei transe a proiectului in valoare de 250.000 EUR, cu scadenta in Februarie 2023. Alti 100.000 EUR vor fi folositi in acelasi scop, din capitalul propriu suplimentat de catre Sponsor. Diferenta de EUR 186.000 va fi folosita pentru continuarea lucrarilor de constructie.Sursa de rambursare este vanzarea apartamentelor cand constructia este finalizata si receptionata.Perioada de investitie pentru aceastra transa este de pana la 8 luni. Dobanzii este de 16% p.a. si va fi platita in rate semestriale de 8% p.a., iar diferenta la sfarsitul perioadei imprumutului sau la rambursarea principalului, oricare intervine mai devreme. Imprumutul este garantat cu o ipoteca de rangul 10 pe teren si constructii viitoare. Terenul si structura existenta (subsolul) au fost evaluate pentru EUR 1.3 milioane de catre Colliers International, folosind metoda venitului rezidual, iar ~EUR 3.26 milioane au fost investiti suplimentar din capitalul propriu al Sponsorului, din sumele incasate din antecontractele de vanzare-cumparare, cat si prin intermediul imprumuturilor obtinute prin intermediul Crowdestate.

The goal for this opportunity is to finance the construction of an apartment building, with 110 apartments, situated at 103A, Timisoara Blvd., Bucharest, district 6, Romania. This will be Phase 2 of a larger 230 apartment development on a land of 5,000 sqm. Phase 1 including 69 apartments was completed and sold completely in 2019. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of up to EUR 3,000,000, arranged in 14-16 tranches, based on the progression of works and the pre-sales. Currently, the total loan balance financed through the platform is EUR 1,685,000 through 9 previous tranches. This will be the 10th tranche of the project in the amount of EUR 286,000. From the total amount requested by the Sponsor within current tranche, EUR 100,000 will be used to partially reimburse the 1st tranche of the project in the amount of EUR 250,000 with due date in February 2023. Another, EUR 100,000 will be used for the same purpose, from Sponsor's additional own equity. The rest of the funds, EUR 186,000 will be used for construction finance.The source of reimbursement will be the sale of the units when finalized. The investment tenor for this tranche is up to 8 months. The interest rate is 16% p.a. and it will be paid in semiannual installments of 8% p.a. interest, with the remaining difference at the end of the loan period or at reimbursement, whichever comes first. The loan will be secured by a 10th rank mortgage on the land and future buildings (with previous ranks in favor of previous tranches investors). The land &amp; existing structure (underground) was initially evaluated for EUR 1.3 million by Colliers International (using the residual income method) and ~EUR   3.26 million were invested additionally from Sponsor’s equity, pre-sales and Crowdestate’s loans.

Romania

Euro

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Blvd. Timisoara 103A, Bucuresti (X)

Mircha - Michael Grimberg

Reuven Ravid

Jonathan Grupper

Finanzierungsziel:	€ 286000
Erwartete Rendite:	16 % pro Jahr
Anlagedauer:	8 monate
Risikokategorie:	B Modell zur Risikobewertung
LTV:	Geringes Risiko %
Capital stack:	Gesichertes Darlehen

Blvd. Timisoara 103A, Bucuresti (X)

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