Funded
  • Deadline
    26.08.2019
  • Start of investment period
    26.08.2019
  • Start time
    23.08.2019 09:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.09.2020
  • Remaining term
    12 months
  • Expected rate of return
    11%
  • Expected cash yield
    %
  • No of investors
    619
  • Goal
    €200 000

Executive summary

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.

Crowdestate

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