Funded
  • Deadline
    11.07.2019
  • Start of investment period
    18.07.2019
  • Start time
    09.07.2019 07:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.06.2020
  • Remaining term
    11 months
  • Expected rate of return
    11%
  • Expected cash yield
    %
  • No of investors
    714
  • Goal
    €300 000

Executive summary

The purpose of current investment opportunity is to finance the construction of 8 apartment row-house at Veskioja St. 1 plot in a Veskimöldre-2 residential area. Crowdestate investors are offered the opportunity to finance the construction of a row house in total amount of EUR 300,000. The loan is secured by a first rank mortgage, loan interest rate is fixed 11% p.a. and interest payments are monthly. Expected return rate (IRR) is 11.54% p.a. Term of the loan is 12 months

The construction works of Veskioja 1 row-house is underway - load-bearing exterior walls and fire walls between apartments are stacked; roof framework and wooden frames for interior walls and ceilings are installed; window installation is underway. The deadline for construction work is September 2019.

The sales prices for apartments are between 179,000 and 185,000 euros. The size of each apartments is 118.3 m2. 

Crowdestate

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