Hereby we present 9th. funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia.In previous funding rounds, Crowdestate investors have invested EUR 1,767,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 300,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building.The objective of this investment opportunity is to fund further construction and completion of the development.As we are publishing this project, there are 22 apartments sold based on legal debt agreements, 2 loan applications for apartments are being processed and 10 apartments are booked based on booking agreements. Total number of apartments currently in sales pipeline is therefore 33.To return total senior loan amount in this project, including funds raised by this funding round, Sponsor has to sell 32 apartments.According to building reports, the project is 85% completed. The sponsor is optimistic that it is possible to receive use permit and sell sufficient number of apartments for returning all outstanding loans by the end of August 2019. This tranche will earn a 15% fixed annual interest, loan period is set up to 8 months. Calculated rate of return (IRR) for this tranche is 15,58%.All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 3,000,000. The mortgage will be held in favour of investors by Crowdestate Collateral Agent.

Invest in a real estate development in Estonia and earn 13% p.a.

Mortgage secured real estate investment opportunity

Hereby we present 9th. funding round for apartment building development at Kreutzwaldi 59c, in Võru, Estonia.In previous funding rounds, Crowdestate investors have invested EUR 1,767,000 in this project. In this current tranche the Sponsor, Tamula Kodu OÜ targets funding of EUR 300,000. The Sponsor is developing an apartment building with 68 apartments in Võru (capital of regional district at Southern Estonia, about 260 km south of Tallinn), next to idyllic Lake Tamula. The nature of the project is the reconstruction of a former industrial building and its conversion into a modern residential building.The objective of this investment opportunity is to fund further construction and completion of the development.As we are publishing this project, there are 22 apartments sold based on legal debt agreements, 2 loan applications for apartments are being processed and 10 apartments are booked based on booking agreements. Total number of apartments currently in sales pipeline is therefore 33.To return total senior loan amount in this project, including funds raised by this funding round, Sponsor has to sell 32 apartments.According to building reports, the project is 85% completed. The sponsor is optimistic that it is possible to receive use permit and sell sufficient number of apartments for returning all outstanding loans by the end of August 2019. This tranche will earn a 15% fixed annual interest, loan period is set up to 8 months. Calculated rate of return (IRR) for this tranche is 15,58%.All loans in all tranches have a 1st. lien cross-collateral mortgage in the total amount of EUR 3,000,000. The mortgage will be held in favour of investors by Crowdestate Collateral Agent.

Invest in a real estate development in Estonia and earn 15% p.a.

Käesolev on järjekorras 9. rahastusvoor projekti Sponsori - Tamula Kodu OÜ - poolt Võrus, aadressil Kreutzwaldi 59c asuva korterelamuarenduse rahastamiseks.Seniste rahastusvoorude kaudu on Crowdestate'i investorid paigutanud sellesse arendusse kokku 1 767 000 eurot. Käesoleva vooru maht on kuni 300 000 eurot. Rahastusvooru eesmärk on rahastada projekti edasist ehitustegevust kuni arendusprojekti lõpuni.Arenduses on kokku 68 korterit. Käesoleva rahastusvooru avaldamise hetkeks on 22 korterit notariaalse võlaõigusliku lepingu alusel müüdud, 2 laenutaotlust ootab vastust ja 9 korterit on broneeritud, seega on hetkel protsessis 33 müügitehingut.Olemasolevate ja antud rahastusvooru käigus kaasatavate vahendite tagastamiseks piisab 32 korteri müümisest.Vastavalt ehitusaktidele on arendus valmimisjärgus 85%. Sponsor peab realistlikuks, et kasutusluba hoonele väljastatakse ja laenu tagasimakset võimaldav korterite maht müüakse enne käesoleva aasta augusti lõppu.Finantseerimisvooru fikseeritud intressimäär on 15% aasta baasil. Laenuperioodiks on 8 kuud, s.t. tähatajaks on 31.12.2019. Kuivõrd Sponsor peab võimalikuks tagastada laenusumma oluliselt varem, on arvutustes arvestatud 4 kuu pikkuse perioodiga. Sellest lähtuvalt on prognoositavaks investeeringu sisemiseks tootlusläveks (IRR) on 15,58%. Laen on tagatud 1. järjekoha hüpoteegiga Crowdestate Collateral Agent’i kasuks kogusummas 3 000 000 eurot.

Rahastuseesmärk:	€ 300000
Oodatav tootlus:	15.58 % aastas
Investeerimisperiood:	16 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Kreutzwaldi 59c, Võru (IX)

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