Our next project presents an opportunity to invest in mortgage secured loan in amount of EUR 400,000. Security includes 7 new completed terraced house apartments in exclusive Kvissental district, at Aeru St. 9 and Aeru St. 11, Tartu, Estonia.Recently completed and partly commissioned row house development at Aeru St. 9 and 11 includes 12 apartments in total. 5 apartments are already sold and ownership has been transferred to new owners. 7 unsold apartments function as underlying asset for this loan.The Sponsor of the project is established construction entrepreneur who is also the developer of <a href="https://www.kvissentalimajad.ee/" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Aeru St. 9 and 11 row houses</a>. The Sponsor intends to use collected funds to partially refinance existing liabilities and partly to allocate the funds as working capital to other projects. The sponsor has previously raised capital from Crowdestate investors for development of <a href="https://crowdestate.eu/opportunity/Aeru-9-Tartu" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">Aeru St. 9 / 11</a> and  <a href="https://crowdestate.eu/opportunity/Klaose-12-14" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">Klaose St. 12 / 14</a> properties.The loan is secured by a 1st. rank mortgage on unsold apartments. The market value of these apartments is EUR 770,000 excluding VAT.The loan term is 12 months and interest rate is fixed on 11% per annum.Sponsor has agreed to quarterly interest payments.The internal rate of return (IRR) for this project is 11,47%.The loan will be returned and outstanding interest will be paid out according to sales as 100% of sales revenues will be transferred to payouts to investors, but not later than the expiry date.Loan-to-value-ratio (LTV) for this loan is 57,61%.

Invest in a real estate development in Estonia and earn more than 11% p.a.

Investment opportunity in Tartu, Estonia

Our next project presents an opportunity to invest in mortgage secured loan in amount of EUR 400,000. Security includes 7 new completed terraced house apartments in exclusive Kvissental district, at Aeru St. 9 and Aeru St. 11, Tartu, Estonia.Recently completed and partly commissioned row house development at Aeru St. 9 and 11 includes 12 apartments in total. 5 apartments are already sold and ownership has been transferred to new owners. 7 unsold apartments function as underlying asset for this loan.The Sponsor of the project is established construction entrepreneur who is also the developer of <a href="https://www.kvissentalimajad.ee/" target="">Aeru St. 9 and 11 row houses</a>. The Sponsor intends to use collected funds to partially refinance existing liabilities and partly to allocate the funds as working capital to other projects. The sponsor has previously raised capital from Crowdestate investors for development of <a href="https://crowdestate.eu/opportunity/Aeru-9-Tartu" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">Aeru St. 9 / 11</a> and  <a href="https://crowdestate.eu/opportunity/Klaose-12-14" target="" style="background-color: rgb(255, 255, 255);color: rgb(73, 131, 195);">Klaose St. 12 / 14</a> properties.The loan is secured by a 1st. rank mortgage on unsold apartments. The market value of these apartments is EUR 770,000 excluding VAT.The loan term is 12 months and interest rate is fixed on 11% per annum.Sponsor has agreed to quarterly interest payments.The internal rate of return (IRR) for this project is 11,47%.The loan will be returned and outstanding interest will be paid out according to sales as 100% of sales revenues will be transferred to payouts to investors, but not later than the expiry date.Loan-to-value-ratio (LTV) for this loan is 57,61%.

Käesolev projekt pakub võimalust investeerida 400,000 eurot hüpoteegiga tagatud laenu. Laenu tagatiseks on äsja valminud korterid Tartus, eksklusiivses Kvissentali elamurajoonis, aadressidel Aeru 9 ja Aeru 11 asuvates ridaelamutes.Arenduses on kokku 12 korterit, millest 5 on asjaõiguslike lepingute alusel müüdud. Tagatiseks on 7 seni müümata korteriomandit.Sponsoriks on <a href="https://www.kvissentalimajad.ee/" target="">Aeru 9 ja Aeru 11 ridamajade</a> arendaja, kes kasutab kaasatud vahendeid osaliselt olemasolevate kohustuste refinantseerimiseks ja osaliselt suunatakse kaasatud kapital käibevahenditena Sponsoriga seotud teistesse projektidesse. Sponsor on varasemalt Crowdestate investoritelt kaasanud kapitali <a href="https://crowdestate.eu/opportunity/Aeru-9-Tartu" target="">Aeru tn. 9 ja 11</a> ning <a href="https://crowdestate.eu/opportunity/Klaose-12-14" target="">Klaose tn. 12 ja 14</a> arendamiseks.Laen on tagatud esimese järjekoha hüpoteegiga seni müümata korteritele. Müümata korterite turuväärtus on kokku 770,000 eurot käibemaksuta summas.Laenuperioodiks on kuni 12 kuud ja fikseeritud intressimääraks on 11% aastas. Sponsor teeb kvartaalseid intressimakseid.Selliste parameetrite juures kujuneb laenu sisemiseks tootlusläveks tootluseks (IRR) 11,47% aasta baasil.Laenusumma tagastatakse laenu tähtajal või korterite müümisel.Laenu ja tagatisvara suhteks (LTV) selles projektis on 57,61%.

Rahastuseesmärk:	€ 400000
Oodatav tootlus:	11 % aastas
Investeerimisperiood:	12 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Aeru 9/11, Tartu (IV)

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