Exited
  • Deadline
    01.02.2019
  • Start of investment period
    29.01.2019
  • Start time
    24.01.2019 08:00
  • Asset class
    Leisure
  • Investment type
    Rental
  • Investment end date
    07.08.2019
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    11% p.a.
  • Expected cash yield
    %
  • No of investors
    433
  • Goal
    €250 000

Executive summary

This investment opportunity is about refinancing previous crowdfunded senior loan, which is being used to finance experienced developer's Hagudi 26 residential real estate development project in Tallinn. The building is currently in the construction phase and 11 of its 16 total units (69%) have been sold already.

The raised funds are being used as working capital to finance construction works.

This senior loan offers Crowdestate's investors a short-term investment opportunity with the term of 6 months at 11% annual interest rate. The funding target is EUR 250,000.

The senior loan is secured by a first lien mortgage on an operational Marguse Sports Centre in Otepää (a.k.a Estonian winter capital).

Crowdestate

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