Funded
  • Deadline
    20.10.2017
  • Start of investment period
    25.10.2017
  • Start time
    29.09.2017 12:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.04.2021
  • Remaining term
    14 months
  • Expected rate of return
    19.8% p.a.
  • Expected cash yield
    %
  • No of investors
    951
  • Goal
    €1 500 000

Executive summary

Mr. Hillar-Peeter Luitsalu, an experienced Estonian real estate businessman, has concluded the binding agreement to acquire 90% equity stake in JVM Research OY, a Finnish company owning the construction rights for building up to 22 floating luxury villas in Kalasatama, Helsinki city center.

During Stage I of the project, the developer will design 3-4 types for the floating luxury villas, order and place a fully completed demo villa at the leased exhibition site in the heart of Helsinki, order and place a floating pier and 8 made-to-order villas to their designated locations at Kalasatama harbor.

Noah Villas OÜ is raising EUR 1,500,000 additional capital, in one or more tranches, for completing Stage I of the project.

Crowdestate KSM OÜ is a Special Purpose Vehicle (SPV) established to aggregate Crowdestate’s investors’ investments and acquire 50% equity stake in Noah Villas OÜ. Free cash flow generated by Stage I will be distributed to the investors proportionally to their equity stake in the combination of preferred and variable interest.

Crowdestate’s investors will receive 50% of the free cash flow earned from Stage I of the project. The expected return of this EUR 1,500,000 and 3,5-year investment is appr. 19,8% per annum and the expected investment multiple is ca 1,9x.

Crowdestate

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