The development of an apartment building located at <a href="https://arendused.lvm.ee/kohilakodud/" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Kiriku St. 4 in Kohila</a> small town is our new project. It is a development that includes 8 apartments and 3 commercial premises with a total sales area of 667 m2. Investors are offered an opportunity to finance Kiriku St. 4 construction in the total amount of up to 923,000 euros. The amount to be raised in the current first round is 150,000 euros. The property is located at Kiriku St. 4, Urge village, Kohila parish, Rapla county, Estonia. It is located 30-minute drive from Tallinn city center and is at the border of Kohila - a small town with well-developed infrastructure. Construction of Kiriku St. 4 apartment building has started: first floor walls and ceiling have been built, construction of second floor walls has started. Expected construction deadline is December 2023. The attached pictures are as at April 20, 2023.The loan is secured by a 1st mortgage on Kiriku St. 4 property. Market value of the plot + unfinished building is 327,000 euros and project's LTV 43% after the current funding round. There will be 8 apartments at an average size of 68.4 m2 and 3 commercial premises at a total size of 118.6 m2. Average sales price of an apartment is 180,000 euros (or 2,640 eur/m2).2 apartments have been pre-sold and 2 apartments booked.Fixed interest rate of the loan is 13% p.a. and accrued interest is payable at the end of the period. Investment period is up to March 31, 2024 (approx. 10 months) + 2 months extension option (extension period interest rate 15% p.a.). Kiriku St. 4 apartments' sales revenue will be the source for loan principal and interest payments. Crowdestate investors have also financed the following projects of the same project owner in Kohila: Ristiku St. 1, 2 and 3 town-houses and Ristiku St. 4 semi-detached house. The projects have been successful and contractual obligations fulfilled correctly.

Real estate investment opportunity in Estonia for property development offering 12.5% annual interest rate

Investment opportunity | Kiriku St. 4, Kohila

The development of an apartment building located at <a href="https://arendused.lvm.ee/kohilakodud/" target="">Kiriku St. 4 in Kohila</a> small town is our new project. It is a development that includes 8 apartments and 3 commercial premises with a total sales area of 667 m2. Investors are offered an opportunity to finance Kiriku St. 4 construction in the total amount of up to 923,000 euros. The amount to be raised in the current first round is 150,000 euros. The property is located at Kiriku St. 4, Urge village, Kohila parish, Rapla county, Estonia. It is located 30-minute drive from Tallinn city center and is at the border of Kohila - a small town with well-developed infrastructure. Construction of Kiriku St. 4 apartment building has started: first floor walls and ceiling have been built, construction of second floor walls has started. Expected construction deadline is December 2023. The attached pictures are as at April 20, 2023.The loan is secured by a 1st mortgage on Kiriku St. 4 property. Market value of the plot + unfinished building is 327,000 euros and project's LTV 43% after the current funding round. There will be 8 apartments at an average size of 68.4 m2 and 3 commercial premises at a total size of 118.6 m2. Average sales price of an apartment is 180,000 euros (or 2,640 eur/m2).2 apartments have been pre-sold and 2 apartments booked.Fixed interest rate of the loan is 13% p.a. and accrued interest is payable at the end of the period. Investment period is up to March 31, 2024 (approx. 10 months) + 2 months extension option (extension period interest rate 15% p.a.). Kiriku St. 4 apartments' sales revenue will be the source for loan principal and interest payments. Crowdestate investors have also financed the following projects of the same project owner in Kohila: Ristiku St. 1, 2 and 3 town-houses and Ristiku St. 4 semi-detached house. The projects have been successful and contractual obligations fulfilled correctly.

Real estate investment opportunity in Estonia for property development offering 13% annual interest rate

Kohilas <a href="https://arendused.lvm.ee/kohilakodud/" target="">Kiriku tee 4</a> asuva kortermaja arendus on meie uus rahastamiseks pakutav projekt. Tegemist on arendusega, mis hõlmab 8 korterit ja 3 äripinda müüdava pinnaga kokku 667 m2. Investoritele pakutakse võimalust rahastada 1. järjekoha hüpoteegi tagatisel hoone ehitust mahus kuni 923 000 eurot. Praeguse esimese vooru maht on 150 000 eurot.Projekt asub Kiriku tee 4, Urge külas, Kohila vallas, Rapla maakonnas. 30 minutilise autosõidu kaugusel Tallinna kesklinnast ja arenenud infrastruktuuriga Kohila alevi piiril. Elamu ehitus käib: esimese korruse seinad ja vahelagi on valmis, alustatud on teise korruse seinte ladumisega. Ehituse eeldatav valmimise tähtaeg on detsember 2023. Lisatud pildid on 20.04.23 seisuga.Laen on tagatud 1. järjekoha hüpoteegiga Kiriku tee 4  kinnistule. Kinnistu turuväärtus on 327 000 eurot ja projekti LTV peale käimasolevat vooru on 43%. Hoones saab olema 8 korterit keskmise suurusega 68,4 m2 ja kolm äripinda kokku 118,6 m2. Korterite keskmine müügihind on 180 000 eurot (e. 2640 eur/m2).  Kahe korteri müügiks on sõlmitud notariaalne võlaõiguslik müügileping ning ühe korteri ja ühe äripinna müügiks on sõlmitud broneerimislepingud.Laenu fikseeritud intressimäär on 13% aasta baasil ja see makstakse välja perioodi lõpus. Laenutähtaeg on 31.03.2024 (u. 10 kuud), millele lisandub kuni 2-kuuline ühekordne pikendamise võimalus (pikendamisperioodi intress 15% p.a.). Laenu põhisumma ja intressi tagasimakse allikas on tulu Kiriku tee 4 korteriomandite müügist.Crowdestate investorid on rahastanud sama projektiomaniku varasemaid projekte Kohilas: Ristiku tn 1, 2 ja 3 ridamajad ning Ristiku tn 4 paarismaja. Projektid on olnud edukad  ja kohustused investorite ees täidetud korrektselt.

Rahastuseesmärk:	€ 150000
Oodatav tootlus:	13.1 % aastas
Investeerimisperiood:	10 kuud
Riskikategooria:	D Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Kiriku tee 4, Kohila (I)

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