Funded
  • Deadline
    28.02.2018
  • Start of investment period
    22.02.2018
  • Start time
    21.02.2018 10:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    31.08.2020
  • Remaining term
    8 months
  • Expected rate of return
  • Expected cash yield
    %
  • No of investors
    704
  • Goal
    €850 000

Executive summary

With this project, Crowdestate investors have the opportunity to finance a real estate development project located in the outskirts of Tallinn, Jõelähtme parish, Loo village. The total project comprises a development of up to 7 apartment houses with total sales volume of 280 units. The Stage I of the current development foresees completion of 3 apartment houses (120 apartments) together with the erection of roads and communications for the remaining 4 houses, possibly to be sold as is to a development organisation with internal construction capacity.

The total planned timespan of the project is 30 months, of which the initial repayments are foreseen in 24 months (principal investment plus preferred interest) and final profit distribution at the final realisation of the development project. 

The planned preferred interest rate in favour of Crowdestate investors totals 15% p.a., together with the share from the remaining profits, the time-weighted, expected return on investment (IRR) is 22% p.a.

Crowdestate

Site is down for maintenance, please check back in 15 minutes