• Deadline
  • Start of investment period
  • Start time
    05.06.2019 08:00
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    Overdue 1-90 days
  • Expected rate of return
    11% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €250 000

Executive summary

The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre-2 residential area at Metsapargi St. 6, in the total amount of EUR 1,110,000. Current campaign is fifth and last in amount of EUR 250,000The 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 6 months (term of the agreement November 30th, 2019)

The construction works of Metsapargi 6 are in final stage - interior works and landscaping are on completion. 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 Sponsor has signed three real right contracts of sale and first round investors have fully received their loan with interest, and second round investors have received ~140,000 euros loan principal repayment. Currently there are 2 apartments unsold out of 10. 

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


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