Rae põik 6, Rae parish, Harju country, Estonia
6 Terraced houses near Tallinn
- Fecha límite28.09.2020
- Comienzo del periodo de inversión24.09.2020
- Fecha de comienzo18.09.2020 07:20
- Clase de activosResidencial
- Tipo de inversiónPromoción urbanística
- Fecha de fin de la inversión31.01.2022
- Plazo pendiente14 meses
- Retorno esperado11.62% anual
- Rentabilidad de efectivo esperada%
- Número de inversores465
- Objetivo€205 000
The purpose of the current investment opportunity is to finance a terraced house project with 9 apartments at Rae põik 6, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.
The Sponsor, Väike-Rae Arenduse OÜ, intends to raise EUR 205,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 6 and refinancing existing liabilities of the development. The source of loan repayment is sale of completed apartments or refinancing through bank loan.
The construction of the Rae põik 6 terraced house project will start in September 2020. The deadline for the completion of the project is Spring 2021.
Loan term is scheduled up to 16 months.
The investment earns a fixed interest rate at 11% p.a. There is no periodic interest payments.
The loan is secured by a first rank mortgage on 3 residential land plots of Rae põik 6, Rae põik 8 and Rae põik 10 with valid construction permit of identical row houses.
Total current value of the collateral is EUR 739,000. According to that, the ratio of total amount of liabilities and collateral value (LTV) is 28%.