With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 160,000, arranged in 1 tranche. The aim of this new tranche is to raise the needed funds that will be used to refinance the existing two loans from a previous project financed through the platform. If the amount requested will not be fully raised, the Project Owner will support the difference up to EUR 160,000.The purpose of the initial loans was to provide the additional capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This was Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 was completed in August 2023 and already sold 32 units. Currently, the Sponsor submitted the needed documentation to obtain building permit for Phase 3, apartment building consisting of 23 apartments. Therefore, the Project Owner requested to refinance the existing loans in order to secure the funding of Phase 3. To secure the loan, the Sponsor is offering the 1st rank mortgage over 2 land plots that will be used for the development of a future residential project with a total area of 5350 sqm (2600 sqm &amp; 2750 sqm) located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisals, the minimum market value of the land plots is EUR 288,600 (evaluated by Neoconsult Valuation Romania in February 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV will be ~55%.The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collaterals, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

Real estate investment opportunity in Romania for construction financing offering 15% annual interest rate.

Investment opportunity | Campsor P462, Sibiu, Romania

With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 160,000, arranged in 1 tranche. The aim of this new tranche is to raise the needed funds that will be used to refinance the existing two loans from a previous project financed through the platform. If the amount requested will not be fully raised, the Project Owner will support the difference up to EUR 160,000.The purpose of the initial loans was to provide the additional capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This was Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 was completed in August 2023 and already sold 32 units. Currently, the Sponsor submitted the needed documentation to obtain building permit for Phase 3, apartment building consisting of 23 apartments. Therefore, the Project Owner requested to refinance the existing loans in order to secure the funding of Phase 3. To secure the loan, the Sponsor is offering the 1st rank mortgage over 2 land plots that will be used for the development of a future residential project with a total area of 5350 sqm (2600 sqm &amp; 2750 sqm) located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisals, the minimum market value of the land plots is EUR 288,600 (evaluated by Neoconsult Valuation Romania in February 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV will be ~55%.The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collaterals, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 160,000, arranged in 1 tranche. The aim of this new tranche is to raise the needed funds that will be used to refinance the existing two loans from a previous project financed through the platform. If the amount requested will not be fully raised, the Project Owner will support the difference up to EUR 160,000.The purpose of the initial loans was to provide the additional capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This was Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 was completed in August 2023 and already sold 32 units. Currently, the Sponsor submitted the needed documentation to obtain building permit for Phase 3, apartment building consisting of 23 apartments. Therefore, the Project Owner requested to refinance the existing loans in order to secure the funding of Phase 3. To secure the loan, the Sponsor is offering the 1st rank mortgage over 2 land plots that will be used for the development of a future residential project with a total area of 5350 sqm (2600 sqm &amp; 2750 sqm) located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisals, the minimum market value of the land plots is EUR 288,600 (evaluated by Neoconsult Valuation Romania in February 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV will be ~55%.The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collaterals, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

<div dir="ltr" style="text-align: left;"></div>Crowdestate'i investoritel on võimalus investeerida hüpoteegiga tagatud laenu kogusummas 160 000 eurot, mida kaasatakse ühe rahastamisvooru raames. Rahastamisvooru eesmärk on koguda summa, mida kasutatakse platvormi kaudu rahastatud eelmisest projektist saadud 2 olemasoleva laenu refinantseerimiseks. Kui taotletud summat ei õnnestu täielikult koguda, tasub projektiomanik kuni 160 000 euroni puudujääva osa.Esialgsete laenude eesmärk oli rahastada elamute ehitustöid, sellega seotud tehnovõrkude ehitust ja haljastustööde lõpuleviimist. Elamute ehitusmaht koosneb 39 korterist hoones B1, mis asub aadressil 12 Tractorului Street, Sibiu City, Sibiu maakond, Rumeenia. Tegemist oli suurema 494 korteri, 34 villa, 1 lasteaia, 1 spordi- ja spaakeskuse ning 3 restorani arenduse teise etapiga, mille kogupindala on ~53 000 m2, millest ~20 000 m2 on haljasalad ja park. Esimene etapp, mis hõlmab 42 korterit, valmis 2022. aasta aprillis ja üksused olid täielikult müüdud. 2. etapp valmis 2023. aasta augustis ja 32 ühikut on juba müüdud. Praegu on sponsor esitanud vajalikud dokumendid ehitusloa saamiseks 3. etapile, 23 korterist koosnevale korterelamule. Seetõttu taotles projekti omanik olemasolevate laenude refinantseerimist, et tagada 3. etapi rahastamine.Laenu tagamiseks pakub projektiomanik 1. järjekoha hüpoteeki kahele arenduskinnistule Sibiu kesklinnas, kinnistute suurus kokku 5 350 m2. Lisatud hinnangu kohaselt on selle tagatise turuväärtus 288 600 eurot (hindas Neoconsult Valuation Romania). Seega LTV on ~55%.<table><tbody><tr><td>Investeerimisperiood on 14 kuud, kusjuures projektiomanikul on võimalus pikendada laenuperioodi 4 kuu võrra. Laenu intressimäär on 15% aastas. Kui projektiomanik kasutab laenu pikendamise õigust, on pikendamisperioodi intressimäär 17%. Põhisumma makstakse välja laenuperioodi lõpus. Intressi makstakse kord kvartalis.Laenu tagasimakse allikas on valminud ja tulevikus valmivate korterite müügitulust, hüpoteegiga tagatud varade, teiste projektiomanikule kuuluvate kruntide müügist, refinantseerimisest või projektiomaniku tegevustulust. </td></tr></tbody></table>

With this project, the Crowdestate investors will have the opportunity to invest in a mortgage secured loan in a total amount of EUR 160,000, arranged in 1 tranche. The aim of this new tranche is to raise the needed funds that will be used to refinance the existing two loans from a previous project financed through the platform. If the amount requested will not be fully raised, the Project Owner will support the difference up to EUR 160,000.The purpose of the initial loans was to provide the additional capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This was Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed in April 2022 and the units were fully sold. Phase 2 was completed in August 2023 and already sold 32 units. Currently, the Sponsor submitted the needed documentation to obtain building permit for Phase 3, apartment building consisting of 23 apartments. Therefore, the Project Owner requested to refinance the existing loans in order to secure the funding of Phase 3. To secure the loan, the Sponsor is offering the 1st rank mortgage over 2 land plots that will be used for the development of a future residential project with a total area of 5350 sqm (2600 sqm &amp; 2750 sqm) located near Strand-Campsor neighbourhood in Sibiu City, Romania. According to the attached appraisals, the minimum market value of the land plots is EUR 288,600 (evaluated by Neoconsult Valuation Romania in February 2024). Therefore, if Crowdestate investors will fund the total amount requested, the max. LTV will be ~55%.The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 15% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate will be 17%. The principal will be paid at the end of the loan period. The interest will be paid quarterly.  The loan will be repaid from the sale of the units when finalised, sale of the mortgaged collaterals, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.<a href="https://www.youtube.com/watch?v=Z_xi4CflJso" target=""> </a>

Prin acest proiect, investitorii Crowdestate vor avea ocazia sa investeasca intr-un imprumut garantat cu ipoteca in valoare totala de 160.000 euro, aranjat in 1 transa. Scopul acestei noi transe este de a strange fondurile necesare care vor fi folosite pentru a refinanta cele 2 credite existente dintr-un proiect anterior finantat prin intermediul platformei. In cazul in care suma solicitata nu va fi stransa in totalitate, Sponsorul va achita diferenta pana la 160.000 euro. Scopul initial al imprumutului a fost asigurarea capitalului suplimentar necesar pentru lucrarile de constructie aflate deja in derulare, finalizarea lucrarilor aferente utilitatilor si a lucrarilor de amenajare si peisagistica aferente proiectului rezidential, compus din 39 apartamente aferente blocului B1 situat in Mun. Sibiu, Str. Tractorului, nr. 12, Jud. Sibiu, Romania. Aceasta a fost faza 2 a proiectului, proiect care cuprinde un numar total de 494 apartamente, 34 vile, 1 gradinita, 1 centru sport &amp; spa si 3 restaurante pe o suprafata totala de teren ~53.000 mp din care ~20,000 mp de parc si zona verde. Faza 1, care include 42 de apartamente, a fost finalizata in aprilie 2022, iar unitatile au fost vandute in totalitate. Faza 2 a fost finalizata in august 2023 si s-au vandut deja 32 de unitati. In prezent, Sponsorul a depus documentatia necesara pentru a obtine autorizatia de constructie pentru Faza 3, cladire compusa din 23 de apartamente. Prin urmare, Sponsorul a solicitat refinantarea imprumuturilor existente pentru a asigura finantarea fazei 3.  Pentru a garanta imprumutul, Sponsorul ofera ipoteca de rangul 1 pe doua loturi de teren, care vor fi utilizate de catre Sponsor pentru dezvoltarea unui viitor proiect rezidential, in suprafata totala de 5350 mp (2600 mp &amp; 2750 mp) situate in continuarea cartierului Strand-Campsor din orasul Sibiu. Conform rapoartelor de evaluare atasate, valoarea minima de piata a loturilor de teren este de 288.600 euro (rapoarte intocmite de catre Neoconsult Valuation Romania in Februarie 2024). Prin urmare, daca investitorii Crowdestate vor finanta integral suma solicitata, vom avea un LTV maxim de ~55%. Durata investitiei pentru aceasta transa este de 14 luni, Sponsorul avand optiunea de a prelungi perioada cu alte 4 luni, daca va fi cazul.  Rata dobanzii este de 15% pe an. Daca Sponsorul isi foloseste dreptul de a prelungi perioada imprumutului, rata dobanzii pentru perioada prelungita va fi de 17% pe an. Plata principalului se va face la finalul perioadei imprumutului, iar dobanda trimestrial.  Platile se vor face din vanzarea apartamentelor la finalizarea acestora, eventuala vanzare a loturilor de teren aduse in garantie,  vanzarea altor active/terenuri detinute de companie,  refinantare de la o banca locala sau alt creditor sau din profitul aferent activitatii operationale ale companiei.

Romania

Euro

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Campsor P462, Sibiu (I)

Tarnaru Raul-Nicusor

Rahastuseesmärk:	€ 160000
Oodatav tootlus:	15 % aastas
Investeerimisperiood:	14 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk 55.44%
Capital stack:	Tagatud laen

Campsor P462, Sibiu (I)

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