Exited
  • Deadline
    04.09.2018
  • Start of investment period
    05.09.2018
  • Start time
    30.08.2018 09:10
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.11.2019
  • Remaining term
    5 months
  • Expected rate of return
    11%
  • Expected cash yield
    %
  • No of investors
    450
  • Goal
    €250 000

Updates

 23/04/2019Investment opportunity overview, April 2019
 16/01/2019Investment opportunity overview, January 2019

Executive summary

The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre residential area at Metsapargi St. 6, in the total amount of EUR 1,100,000. The development is financed in tranches according to the invoices submitted by the main contractor OÜ Kopter Ehitus. With each new funding round, the value of the underlying asset will gradually increase until the completion of row house. 

The current first stage requires financing in amount of EUR 250,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 15 months. According to the developer's information 2 aprtments are booked by the time of current investment round.

Foundation and exterior walls of first floor of Matesapargi St. 6 development have been completed. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings.

The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115.1 m2.

Crowdestate

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