Funded
  • Deadline
    16.12.2016
  • Start of investment period
    15.12.2016
  • Start time
    09.12.2016 09:10
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    16.12.2017
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    12% p.a.
  • Expected cash yield
    %
  • No of investors
    173
  • Goal
    €210 000

Executive summary

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.

Crowdestate

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