With this project the Sponsor aims to raise funds to start the development process of a multi-apartment building complex on a waterfront (lakeside) area of 17,835 m2. The goal of this tranche is 307 500 Euros. The loan is raised for the purposes of partly financing purchase of the land and next tranches will attract funds needed for development stages. The loan will be secured by a 1st rank mortgage, estimated market value of collateral is 1 025 000 Euros. The property is located near the Mežaparks urban forest in Riga, in a block between Mailīšu street and and Lake Ķīšezers. One side of the property is adjacent to Lake Ķīšezers, enabling unobstructed access to the lake, and creating conditions for setting up recreational infrastructure (boat pier, exercise and fitness equipment). Since the recent real estate value estimation document states that the real estate value of the pledged property is 1 025 000 Euros, it gives Crowdestate investors of this tranche a position with LTV ratio of 30%. This is a short-term investment opportunity. The principal and interest payment will be done as a bullet payment at the end of the 12-month loan period.

Investment opportunity | 10,7% return p.a.

With this project the Sponsor aims to raise funds to start the development process of a multi-apartment building complex on a waterfront (lakeside) area of 17,835 m2. The goal of this tranche is 307 500 Euros. The loan is raised for the purposes of partly financing purchase of the land and next tranches will attract funds needed for development stages.The loan will be secured by a 1st rank mortgage, estimated market value of collateral is 1 025 000 Euros. The property is located near the Mežaparks urban forest in Riga, in a block between Mailīšu street and and Lake Ķīšezers. One side of the property is adjacent to Lake Ķīšezers, enabling unobstructed access to the lake, and creating conditions for setting up recreational infrastructure (boat pier, exercise and fitness equipment).<div>Since the recent real estate value estimation document states that the real estate value of the pledged property is 1 025 000 Euros, it gives Crowdestate investors of this tranche a position with LTV ratio of 30%.</div><div> This is a short-term investment opportunity. The principal and interest payment will be done as a bullet payment at the end of the 12-month loan period. </div>

Käesoleva projektiga soovib Sponsor kaasata 307 500 eurot, et alustada 17 835m2 suuruse korterelamu kompleksi ehitamist. Laenu eesmärgiks on rahastada osaline maa ostmine.Laen on tagatud 1. järgu hüpoteegiga kinnisvarale, mis on hinnangulise turuväärtusega 1 025 000 eurot. Kinnisvara asub Riias Mežaparksi linnametsa lähedal, Mailīšu tänava ja Ķīšezersi järve vahelises kvartalis. Kinnistu üks külg külgneb Ķīšezersi järvega, võimaldades takistusteta juurdepääsu järvele ja luues tingimused vaba aja veetmise infrastruktuuri rajamiseks.Kinnisvara väärtuse hindamise dokumendi järgi on hüpoteegiks oleva vara väärtus 1 025 000 eurot, mis teeb Crowdestate’ investorite LTV suhteks 30%.Tegemist on lühiajalise investeerimisvõimalusega, mille põhiosa- ja intressimakse tehakse täismaksena 12-kuulise laenuperioodi lõpus.<div></div>

Latvia

Finanzierungsziel:	€ 307500
Erwartete Rendite:	10.7 % pro Jahr
Anlagedauer:	18 monate
Risikokategorie:	B Modell zur Risikobewertung
LTV:	Geringes Risiko %
Capital stack:	Gesichertes Darlehen

Mailīšu iela 5b, Rīga (I)

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