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 remaining loan balance financed through the platform is EUR 1,625,100. The 1st tranche of the project in amount of EUR 250,000 was fully reimbursed at end of February 2023, according to the reimbursement schedule. This will be the 11th tranche of the project in the amount of EUR 95,900. The source of reimbursement will be the sale of the units when finalized. The investment tenor for this tranche is up to 7 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; 1st rank mortgage was deleted from LandBook after 1st tranche was fully reimbursed). The land &amp; existing structure (underground) was initially evaluated for EUR 1.3 million by Colliers International (using the residual income method) and ~EUR 3.59 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 (XI)

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 remaining loan balance financed through the platform is EUR 1,625,100. The 1st tranche of the project in amount of EUR 250,000 was fully reimbursed at end of February 2023, according to the reimbursement schedule. This will be the 11th tranche of the project in the amount of EUR 95,900. The source of reimbursement will be the sale of the units when finalized. The investment tenor for this tranche is up to 7 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; 1st rank mortgage was deleted from LandBook after 1st tranche was fully reimbursed). The land &amp; existing structure (underground) was initially evaluated for EUR 1.3 million by Colliers International (using the residual income method) and ~EUR 3.59 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 uksteist rahastusvoor. Hetkel on finantseeritav laenujaak 1,625,100 eurot (projekti 1. osamakse summas 250,000 eurot maksti taielikult tagasi 2023. aasta Veebruari lopus). Käesoleva rahastusvooru suuruseks on 95,900 eurot. Laenu tagasimakse allikaks on valminud korterite müügist saadud tulu.Investeerimisperiood on kuni 7 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. Colliers International on hinnanud maa ja olemasoleva maa-aluse konstruktsiooni väärtuseks jääktulu meetodil 1,3 miljonit eurot, millele on lisandunud juba tehtud ehituskulude väärtus 3,59 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 existent al imprumutului finantat prin platforma Crowdestate este de 1.625.100 EUR. Prima transa a proiectului in valoare de EUR 250.000 a fost rambursata integral la finalul lunii Februarie 2023, conform graficului de rambursare. Prin intermediul celei de a 11-a transa, Sponsorul doreste sa obtina suma de 95.900 EUR. Sursa de rambursare este vanzarea apartamentelor cand constructia este finalizata si receptionata.Perioada de investitie pentru aceastra transa este de pana la 7 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 (rangul 1 a fost radiat din CF dupa rambursarea primei transe). Terenul si structura existenta (subsolul) au fost evaluate pentru EUR 1.3 milioane de catre Colliers International, folosind metoda venitului rezidual, iar ~EUR 3.59 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 remaining loan balance financed through the platform is EUR 1,625,100. The 1st tranche of the project in amount of EUR 250,000 was fully reimbursed at end of February 2023, according to the reimbursement schedule. This will be the 11th tranche of the project in the amount of EUR 95,900. The source of reimbursement will be the sale of the units when finalized. The investment tenor for this tranche is up to 7 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; 1st rank mortgage was deleted from LandBook after 1st tranche was fully reimbursed). The land &amp; existing structure (underground) was initially evaluated for EUR 1.3 million by Colliers International (using the residual income method) and ~EUR 3.59 million were invested additionally from Sponsor’s equity, pre-sales and Crowdestate’s loans.

Romania

Euro

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Blvd. Timisoara 103A, Bucuresti (XI)

Reuven Ravid

Mircha - Michael Grimberg

Jonathan Grupper

Finanzierungsziel:	€ 95900
Erwartete Rendite:	16 % pro Jahr
Anlagedauer:	7 monate
Risikokategorie:	B Modell zur Risikobewertung
LTV:	Geringes Risiko %
Capital stack:	Gesichertes Darlehen

Blvd. Timisoara 103A, Bucuresti (XI)

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