Kevade 9, 10137 Tallinn
Secured fix and flip loan
- Start of investment period15.12.2016
- Start time09.12.2016 09:10
- Asset classResidential
- Investment typeDevelopment
- Investment end date16.12.2017
- Remaining termOverdue 90+ days
- Expected rate of return12% p.a.
- Expected cash yield%
- No of investors173
- Goal€210 000
Project' Sponsor is Korterivahetus OÜ, represented by Mr. Virko Ojamaa, an experienced realtor, acquiring an apartment and a parking lot at A. Adamsoni 6 / Kevade 9, Tallinn, Estonia. The apartment totals 122.50 sq.m, ownership is governed by a notarial deed concluded between the co-owners of the building.
The purpose of the development loan is to acquire the apartment for fix and flip, selling it with within next 12 months. The scope of fix and flip includes redesigning the apartment's internal layout.
Current demand for premium apartments in highly valued areas remains high.