Funded
  • Deadline
    02.10.2019
  • Start of investment period
    23.09.2019
  • Start time
    19.09.2019 11:30
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    26.02.2021
  • Remaining term
    16 months
  • Expected rate of return
    11.4%
  • Expected cash yield
    %
  • No of investors
    639
  • Goal
    €253 300

Executive summary

Crowdestate investors will be able to invest in a new mortgage-backed 18-month loan. AS Enko is planning to raise EUR 530,000 with a maturity of 18 months for the company’s working capital needs. Loan interest rate is 11% on an annual basis and interest payments are quarterly.

The loan will be secured by a first-rank mortgage on Tulbi tee 3 property (21,439 m2, commercial land) and adjacent residential land plots - 13 properties with a total of 23,164 m2.

The loan maturity is 18 months and it will be repaid from the sale of properties or by refinancing Crowdestate investors’ loan.

The internal rate of return (IRR) for a loan with quarterly interest payments is 11.4%. The loan-to-value ratio (LTV) is 50% and Crowdestate investors’ loan principal risk is 11.9 EUR per sq m.



Crowdestate

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