Taevasilma tn 5, Alliku küla, Saue vald (II)
Row house with 10 apartments
- Start of investment period26.08.2019
- Start time23.08.2019 09:00
- Asset classResidential
- Investment typeDevelopment
- Investment end date30.09.2020
- Remaining term12 months
- Expected rate of return11%
- Expected cash yield%
- No of investors619
- Goal€200 000
The amount to be raised in the second round of Taevasilma 5 row-house development is EUR 200,000. Crowdestate investors are financing the construction of the 10-apartment row-house in Veskimöldre-2 residential area in total amount of EUR 1,110,000. The amount raised in the first campaign was EUR 300,000. The loan is secured by a first rank mortgage on Taevasilma St. 5 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 13 months (term of the agreement September 30th, 2020).
The construction works of Taevasilma 5 row-house has started - exterior walls of first floor and ceilings are ready; roofing works and floor leveling are completed. PVC windows have been ordered and ventilation work started. The Sponsor's previous row-house project funded by Crowdestate investors at adjacent Metsapargi St. 6 plot was successful and Sponsor has launched a project of the same size at Taevasilma St. 5 to meet the demand for row-house apartments.
The sales prices for apartments are between 199,000 and 219,000 euros. The size of each apartments is 115.1 m2.