Funded
  • Deadline
    03.07.2019
  • Start of investment period
    05.07.2019
  • Start time
    01.07.2019 15:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    31.12.2019
  • Remaining term
    5 months
  • Expected rate of return
    11%
  • Expected cash yield
    %
  • No of investors
    829
  • Goal
    €223 300

Updates

 19/07/2019Investment opportunity overview, July 2019

Executive summary

Our current project offers investors the opportunity to participate in fourth and the last financing round of Koru poik 1 row-house construction in amount of EUR 223,300. Crowdestate investors' total construction financing is in amount of EUR 803,000. The development is financed in tranches according to the invoices submitted by the main contractor Soome Maja OÜ. With each new funding round, the value of the underlying asset will increase until the row house is finished.

Loan is secured by a first rank mortgage, fixed interest rate is 11% p.a and interest payments are monthly. IRR of the project is 11.47%. Investment time horizon is 6 months. 

Apartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments). Prices are EUR 235,000 and EUR 214,000 respectively.

Veskimöldre-2 is a new residential development area located in the area between Nõmme Pääsküla, Laagri small town and Harku forest, about 20 minutes drive from the center of Tallinn. BC Arenduse OÜ, a member of the Brave Capital Group, has implemented a 70 ha residential area development project in cooperation with Saue Municipality - roads and utility networks have been built for 167 residential plots and 121 row-house apartments. The construction of a new primary school-kindergarten and Laagri Rimi shopping center has also started. The Veskimöldre-2 residential area will be home to more than 1,000 new residents. 

Crowdestate

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