The goal for this investment opportunity is to finance the construction of one individual luxury house on a land plot of 619 sqm, situated at 73E Drumul Lapus Street, District 1, Bucharest Nord, Romania. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of EUR 380,000, arranged in 4  tranches, according to the construction schedule. In the first tranche, EUR 190,000 was raised. The funds were used partially to refinance current obligations and to finance the construction works. In the second tranche, EUR 77,100 was raised. This will be the third tranche of the investment opportunity in the amount of EUR 22,900. The funds will be fully used to finance the construction of the luxury house. The source of reimbursement will be the sale of the house when finalised. The house is already pre-sold for a price of EUR 900,000. Of that, EUR 500,000 is to be paid at the time of signing the minute of reception of the house and the remaining EUR 400,000 at the time of signing the final sale agreement. The house is expected to be delivered in March-April 2024.  The interest rate is 14% p.a. and will be paid in semiannual instalments. The loan period is 9 months, with the Project Owner’s option to extend the loan period by 6 months with the obligation to increase the interest rate by 2% for the extended period. The principal payment will be made at the end of the loan period.To secure the 3rd tranche of EUR 22,900, the Project Owner is offering 3rd rank mortgage on the land plot of 619 sqm and future construction and over another land plot that will be used for the development of a future residential project with a total area of 4,086 sqm located in Varlaam, Adunatii Copaceni, 25 km south of Bucharest (the first 2 rank mortgages are held by Crowdestate investors from the first two funding rounds). According to the attached appraisals, the minimum market value of the land plot of 619 sqm, with the building permit already issued, is EUR 216,000, and for the 2nd land plot, EUR 159,400. Market value for both appraisals is EUR 375,400 and were made by Fortis Global Management. Other investments related to project such as: construction works related to infrastructure in the amount of ~EUR 70,000 plus acquisition of metallic structure in the amount of ~EUR 150,000 were made from Sponsor's own equity.  Thus, the max. LTV after the 3rd tranche will be ~49%.

eal estate investment opportunity in Romania for property development, secured by residential land plots and future luxury house and offering 14% annual interest rate

Investment opportunity | Drumul Lapus 73e, Bucuresti (III)

The goal for this investment opportunity is to finance the construction of one individual luxury house on a land plot of 619 sqm, situated at 73E Drumul Lapus Street, District 1, Bucharest Nord, Romania. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of EUR 380,000, arranged in 4  tranches, according to the construction schedule. In the first tranche, EUR 190,000 was raised. The funds were used partially to refinance current obligations and to finance the construction works. In the second tranche, EUR 77,100 was raised. This will be the third tranche of the investment opportunity in the amount of EUR 22,900. The funds will be fully used to finance the construction of the luxury house. The source of reimbursement will be the sale of the house when finalised. The house is already pre-sold for a price of EUR 900,000. Of that, EUR 500,000 is to be paid at the time of signing the minute of reception of the house and the remaining EUR 400,000 at the time of signing the final sale agreement. The house is expected to be delivered in March-April 2024.  The interest rate is 14% p.a. and will be paid in semiannual instalments. The loan period is 9 months, with the Project Owner’s option to extend the loan period by 6 months with the obligation to increase the interest rate by 2% for the extended period. The principal payment will be made at the end of the loan period.To secure the 3rd tranche of EUR 22,900, the Project Owner is offering 3rd rank mortgage on the land plot of 619 sqm and future construction and over another land plot that will be used for the development of a future residential project with a total area of 4,086 sqm located in Varlaam, Adunatii Copaceni, 25 km south of Bucharest (the first 2 rank mortgages are held by Crowdestate investors from the first two funding rounds). According to the attached appraisals, the minimum market value of the land plot of 619 sqm, with the building permit already issued, is EUR 216,000, and for the 2nd land plot, EUR 159,400. Market value for both appraisals is EUR 375,400 and were made by Fortis Global Management. Other investments related to project such as: construction works related to infrastructure in the amount of ~EUR 70,000 plus acquisition of metallic structure in the amount of ~EUR 150,000 were made from Sponsor's own equity.  Thus, the max. LTV after the 3rd tranche will be ~49%.

Real estate investment opportunity in Romania for property development, secured by residential land plots and future luxury house and offering 14% annual interest rate

The goal for this investment opportunity is to finance the construction of one individual luxury house on a land plot of 619 sqm, situated at 73E Drumul Lapus Street, District 1, Bucharest Nord, Romania. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of EUR 380,000, arranged in 4  tranches, according to the construction schedule. In the first tranche, EUR 190,000 was raised. The funds were used partially to refinance current obligations and to finance the construction works. In the second tranche, EUR 77,100 was raised. This will be the third tranche of the investment opportunity in the amount of EUR 22,900. The funds will be fully used to finance the construction of the luxury house. The source of reimbursement will be the sale of the house when finalised. The house is already pre-sold for a price of EUR 900,000. Of that, EUR 500,000 is to be paid at the time of signing the minute of reception of the house and the remaining EUR 400,000 at the time of signing the final sale agreement. The house is expected to be delivered in March-April 2024.  The interest rate is 14% p.a. and will be paid in semiannual instalments. The loan period is 9 months, with the Project Owner’s option to extend the loan period by 6 months with the obligation to increase the interest rate by 2% for the extended period. The principal payment will be made at the end of the loan period.To secure the 3rd tranche of EUR 22,900, the Project Owner is offering 3rd rank mortgage on the land plot of 619 sqm and future construction and over another land plot that will be used for the development of a future residential project with a total area of 4,086 sqm located in Varlaam, Adunatii Copaceni, 25 km south of Bucharest (the first 2 rank mortgages are held by Crowdestate investors from the first two funding rounds). According to the attached appraisals, the minimum market value of the land plot of 619 sqm, with the building permit already issued, is EUR 216,000, and for the 2nd land plot, EUR 159,400. Market value for both appraisals is EUR 375,400 and were made by Fortis Global Management. Other investments related to project such as: construction works related to infrastructure in the amount of ~EUR 70,000 plus acquisition of metallic structure in the amount of ~EUR 150,000 were made from Sponsor's own equity.  Thus, the max. LTV after the 3rd tranche will be ~49%.

Käesoleva investeerimisvõimaluse eesmärk on rahastada eksklusiivse eramu ehitamist 619 ruutmeetri suurusel maatükil, mis asub aadressil 73E Drumul Lapus Street, District 1, Bucharest Nord, Rumeenia. Crowdestate'i investoritel on võimalus investeerida hüpoteegiga tagatud ehituslaenu kogusummas 380,000 eurot, mis on korraldatud neljas rahastusvoorus, vastavalt ehitusgraafikule. Esimese osana koguti 190 000 eurot. Vahendeid kasutati osaliselt jooksvate kohustuste refinantseerimiseks ja ehitustööde rahastamiseks. Teise osamaksega koguti 77 100 eurot. Tegemist on investeerimisvõimaluse kolmanda osamaksega summas 22 900 eurot. Vahendid kasutatakse täielikult luksusmaja ehituse rahastamiseks.Tagasimaksmise allikaks on maja müük, kui ehitus on lõpule viidud. Eelmüügileping maja müümiseks hinnaga EUR 900,000 on juba sõlmitud. Sellest 500,000 eurot makstakse maja üleandmisakti allkirjastamisel ja ülejäänud 400,000 eurot lõpliku müügilepingu allkirjastamisel. Maja antakse eeldatavalt üle märtsis-aprill 2024.  Intressimäär on 14% aastas ja intressimaksed tehakse kaks korda aastas. Laenuperiood on 9 kuud, kusjuures Projektiomanikul on võimalus pikendada laenuperioodi 6 kuu võrra, kohustusega tõsta intressimäära 2% võrra pikendatud perioodi eest. Põhiosa tagasimakse tehakse laenuperioodi lõpus.Kolmanda rahastusvooru 22 900 euro tagamiseks pakub Projektiomanik 3. järjekoha hüpoteeki arendatavale kinnistule ning 4086 m2 suurusele arenduskinnistule Varlaamis, Adunatii Copaceni linnas, 25 km Bukarestist lõuna pool. Lisatud hindamisaktide kohaselt on 619 ruutmeetri suuruse maatüki, mille ehitusluba on juba väljastatud, minimaalne turuväärtus 216,000 eurot ja teise maatüki turuväärtus 159,400 eurot (kokku 375,400 eurot). Mõlemad hindamisaktid on koostanud Fortis Global Management. Muud projekti ehitustood investeeringud summas ~70,000 eurot ja metallkonstruktsi oonide soetamine summas ~150,000 eurot tehti Sponsori omakapitali arvelt, moodustudes max. LTV ~49%.

The goal for this investment opportunity is to finance the construction of one individual luxury house on a land plot of 619 sqm, situated at 73E Drumul Lapus Street, District 1, Bucharest Nord, Romania. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of EUR 380,000, arranged in 4  tranches, according to the construction schedule. In the first tranche, EUR 190,000 was raised. The funds were used partially to refinance current obligations and to finance the construction works. In the second tranche, EUR 77,100 was raised. This will be the third tranche of the investment opportunity in the amount of EUR 22,900. The funds will be fully used to finance the construction of the luxury house. The source of reimbursement will be the sale of the house when finalised. The house is already pre-sold for a price of EUR 900,000. Of that, EUR 500,000 is to be paid at the time of signing the minute of reception of the house and the remaining EUR 400,000 at the time of signing the final sale agreement. The house is expected to be delivered in March-April 2024.  The interest rate is 14% p.a. and will be paid in semiannual instalments. The loan period is 9 months, with the Project Owner’s option to extend the loan period by 6 months with the obligation to increase the interest rate by 2% for the extended period. The principal payment will be made at the end of the loan period.To secure the 3rd tranche of EUR 22,900, the Project Owner is offering 3rd rank mortgage on the land plot of 619 sqm and future construction and over another land plot that will be used for the development of a future residential project with a total area of 4,086 sqm located in Varlaam, Adunatii Copaceni, 25 km south of Bucharest (the first 2 rank mortgages are held by Crowdestate investors from the first two funding rounds). According to the attached appraisals, the minimum market value of the land plot of 619 sqm, with the building permit already issued, is EUR 216,000, and for the 2nd land plot, EUR 159,400. Market value for both appraisals is EUR 375,400 and were made by Fortis Global Management. Other investments related to project such as: construction works related to infrastructure in the amount of ~EUR 70,000 plus acquisition of metallic structure in the amount of ~EUR 150,000 were made from Sponsor's own equity.  Thus, the max. LTV after the 3rd tranche will be ~49%.

The goal for this investment opportunity is to finance the construction of one individual luxury house on a land plot of 619 sqm, situated at 73E Drumul Lapus Street, District 1, Bucharest Nord, Romania. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of EUR 380,000, arranged in 4  tranches, according to the construction schedule. In the first tranche, EUR 190,000 was raised. The funds were used partially to refinance current obligations and to finance the construction works. In the second tranche, EUR 77,100 was raised. This will be the third tranche of the investment opportunity in the amount of EUR 22,900. The funds will be fully used to finance the construction of the luxury house. The source of reimbursement will be the sale of the house when finalised. The house is already pre-sold for a price of EUR 900,000. Of that, EUR 500,000 is to be paid at the time of signing the minute of reception of the house and the remaining EUR 400,000 at the time of signing the final sale agreement. The house is expected to be delivered in March-April 2024.  The interest rate is 14% p.a. and will be paid in semiannual instalments. The loan period is 9 months, with the Project Owner’s option to extend the loan period by 6 months with the obligation to increase the interest rate by 2% for the extended period. The principal payment will be made at the end of the loan period.To secure the 3rd tranche of EUR 22,900, the Project Owner is offering 3rd rank mortgage on the land plot of 619 sqm and future construction and over another land plot that will be used for the development of a future residential project with a total area of 4,086 sqm located in Varlaam, Adunatii Copaceni, 25 km south of Bucharest (the first 2 rank mortgages are held by Crowdestate investors from the first two funding rounds). According to the attached appraisals, the minimum market value of the land plot of 619 sqm, with the building permit already issued, is EUR 216,000, and for the 2nd land plot, EUR 159,400. Market value for both appraisals is EUR 375,400 and were made by Fortis Global Management. Other investments related to project such as: construction works related to infrastructure in the amount of ~EUR 70,000 plus acquisition of metallic structure in the amount of ~EUR 150,000 were made from Sponsor's own equity.  Thus, the max. LTV after the 3rd tranche will be ~49%.

The goal for this investment opportunity is to finance the construction of one individual luxury house on a land plot of 619 sqm, situated at 73E Drumul Lapus Street, District 1, Bucharest Nord, Romania. Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of EUR 380,000, arranged in 4  tranches, according to the construction schedule. In the first tranche, EUR 190,000 was raised. The funds were used partially to refinance current obligations and to finance the construction works. In the second tranche, EUR 77,100 was raised. This will be the third tranche of the investment opportunity in the amount of EUR 22,900. The funds will be fully used to finance the construction of the luxury house. The source of reimbursement will be the sale of the house when finalised. The house is already pre-sold for a price of EUR 900,000. Of that, EUR 500,000 is to be paid at the time of signing the minute of reception of the house and the remaining EUR 400,000 at the time of signing the final sale agreement. The house is expected to be delivered in March-April 2024.  The interest rate is 14% p.a. and will be paid in semiannual instalments. The loan period is 9 months, with the Project Owner’s option to extend the loan period by 6 months with the obligation to increase the interest rate by 2% for the extended period. The principal payment will be made at the end of the loan period.To secure the 3rd tranche of EUR 22,900, the Project Owner is offering 3rd rank mortgage on the land plot of 619 sqm and future construction and over another land plot that will be used for the development of a future residential project with a total area of 4,086 sqm located in Varlaam, Adunatii Copaceni, 25 km south of Bucharest (the first 2 rank mortgages are held by Crowdestate investors from the first two funding rounds). According to the attached appraisals, the minimum market value of the land plot of 619 sqm, with the building permit already issued, is EUR 216,000, and for the 2nd land plot, EUR 159,400. Market value for both appraisals is EUR 375,400 and were made by Fortis Global Management. Other investments related to project such as: construction works related to infrastructure in the amount of ~EUR 70,000 plus acquisition of metallic structure in the amount of ~EUR 150,000 were made from Sponsor's own equity.  Thus, the max. LTV after the 3rd tranche will be ~49%.

Finanzierungsziel:	€ 22900
Erwartete Rendite:	14 % pro Jahr
Anlagedauer:	10 monate
Risikokategorie:	B Modell zur Risikobewertung
LTV:	Geringes Risiko 48.7%
Capital stack:	Gesichertes Darlehen

Drumul Lapus 73e, Bucuresti (III)

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