Funded
  • Deadline
    06.12.2019
  • Start of investment period
    25.11.2019
  • Start time
    18.11.2019 12:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.11.2020
  • Remaining term
    8 months
  • Expected rate of return
    14.7% p.a.
  • Expected cash yield
    %
  • No of investors
    1137
  • Goal
    €620 000

Executive summary

We are proud to present our first project in Romania as the next investment opportunity. Please read more about Romania and general information about the real estate market in Romania here.

The goal for this opportunity is to finance the completion of an apartment building with 73 apartments, located at Lebedei 27, Avantgarden3, B62, Brasov. The building is part of Phase 4 of the Avantgarden3 development; a large scale development project by Maurer Imobiliare SA, one of the leading developers in Romania. 

Crowdestate investors will have an opportunity to invest in mortgage secured senior construction loan in the amount of EUR 1.4 million in total. The funding will be arranged in 3 tranches. The objective of this current funding round is to raise EUR 620 000. 

The funds will be used to finance the construction costs until the finalization of the building. Construction is 50% completed. More than 90% of the apartments are already sold with a significant amount prepaid — Sponsor has collected already 43% of total sales revenues as prepayments.

The investment term for this project is up to 12 months. The fixed interest rate for this opportunity is 13.80% annually and the expected rate of return is 14.70% per annum. The Sponsor will make monthly interest payments.

The loan is secured by 1st. rank mortgage on the property under development.


Crowdestate

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