This real estate investment project is a development project of a beautiful 9 rowhouse apartments in one of the most active real estate micro-markets in Latvia, which is Mārupe. All 9 units are already presold. The Sponsor has designed almost zero energy homes that classify as energy class A++. Units are designed according to the most advanced passive house standards and will be equipped with solar batteries, collectors, and smart home functions.With this project, the Sponsor aims to raise funds for the development of 9 row house units with a gross building area of 1,225 m2 plus partially roofed terraces and closed car parking places plus sheds with a total area of 679 m2.The goal of this tranche is 90,000 Euros. The loan will earn 13% p.a. and will be secured by a 1st rank mortgage on the development land plot. Crowdestate investors will have the possibility to fund a total loan amount of 1.4 million Euros in several tranches. The estimated total costs of the project are 2.3 million Euros and the projected base scenario revenues of the project are 2.6 million Euros.The principal and interest payment will be done as a bullet payment at the end of the 7-month loan or earlier following the sales of the newly built row house units. The total value of the project is currently ca. EUR 1,5 million: land value EUR 252 000 EUR to which we add the value of completed construction works in amount of ca. EUR 1,25 million. Thus the LTV for the loan is 69%. At the end of November 2022, the completion rate of the development was 70%.

Invest in development in Latvia and earn 13% p.a.

Investment opportunity | 13% return p.a.

The project “Kupenas” is a 9 row-house project in Marupe, 10 km away from Riga City center. Currently more than 96% of construction has been completed. However, there is still some additional work to be done, which is financially demanding. The most costly purchases which still need to be done are interior door purchase and installation, installation of pavement, and landscaping - installation of sprinkler system and children's playground. It is expected that the houses will be commissioned and handed over to the new owners by the end of November. The goal of this tranche is 50,000 Euros. The loan will earn 15% p.a. and will be secured by a 1st rank mortgage on the development land plot. Crowdestate investors will have the possibility to fund a total loan amount of 1.77 million Euros in several tranches. The estimated total costs of the project are 2.95 million Euros and the projected base scenario revenues of the project are 3.1 million Euros.The principal and interest payment will be done as a bullet payment at the end of the 4-month loan or earlier following the sales of the newly built row house units. Since the project is very close to being finished, the value of the project is calculated by subtracting unfinished construction costs from the sales price. Therefore, the total value of the project currently is approximately 2.46 million EUR. Thus, the LTV currently stands at 69%. At the end of September 2023, the completion rate of the development was 96%.

Invest in development in Latvia and earn 15% p.a.

Investment opportunity |15% return p.a.

Projekt &#34;Kupenas&#34; on 9 ridaelamu projekt Marupes, 10 km kaugusel Riia kesklinnast. Praegu on üle 96% ehitusest lõpetatud. Siiski tuleb veel teha mõned lisatööd, mis on rahaliselt nõudlikud. Kõige kulukamad hanked, mis tuleb veel teha, on siseuste ostmine ja paigaldamine, kõnnitee paigaldamine ning haljastus - sprinklersüsteemi ja laste mänguväljaku paigaldamine. Eeldatavasti võetakse majad kasutusele ja antakse uutele omanikele üle novembri lõpuks. Selle osamakse eesmärk on 50 000 eurot. Laenu intressimäär on 15% aastas ja selle tagatiseks on 1. järgu hüpoteek arendusmaa krundile. Crowdestate'i investoritel on võimalus rahastada mitmes osas kokku 1,77 miljoni euro suurust laenusummat. Projekti hinnangulised kogukulud on 2,95 miljonit eurot ja projekti prognoositav põhistsenaariumi tulu on 3,1 miljonit eurot. Põhimakse ja intressimakse tehakse 4 kuu pikkuse laenu lõppedes või varem pärast vastvalminud ridaelamuüksuste müüki. Kuna projekt on väga lähedal valmimisele, arvutatakse projekti väärtus, lahutades müügihinnast lõpetamata ehituskulud. Seega on projekti koguväärtus praegu ligikaudu 2,46 miljonit eurot. Seega on LTV praegu 69%. 2023. aasta septembri lõpus oli arenduse valmidusaste 96%.

Investment opportunity | 15% return p.a.

This real estate investment project is a development project of a beautiful 9 rowhouse apartments in one of the most active real estate micro-markets in Latvia, which is Mārupe. All 9 units are already presold. The Sponsor has designed almost zero energy homes that classify as energy class A++. Units are designed according to the most advanced passive house standards and will be equipped with solar batteries, collectors, and smart home functions.With this project, the Sponsor aims to raise funds for the development of 9 row house units with a gross building area of 1,225 m2 plus partially roofed terraces and closed car parking places plus sheds with a total area of 679 m2.The goal of this tranche is 150,716 Euros. The loan will earn 14% p.a. and will be secured by a 1st rank mortgage on the development land plot. Crowdestate investors will have the possibility to fund a total loan amount of 1.425 million Euros in several tranches. The estimated total costs of the project are 3 million Euros and the projected base scenario revenues of the project are 2.85 million Euros.The principal and interest payment will be done as a bullet payment at the end of the 6-month loan or earlier following the sales of the newly built row house units. Since the project is very close to being finished, the value of the project is calculated by subtracting unfinished construction costs from the sales price. Therefore, the total value of the project currently is approximately 2.3 million EUR. Thus, the LTV currently stands at 62%.At the end of March 2023, the completion rate of the development was 90%.

Invest in development in Latvia and earn 14% p.a.

Investment opportunity |14% return p.a.

This real estate investment project is a development project of a beautiful 9 rowhouse apartments in one of the most active real estate micro-markets in Latvia, which is Mārupe. All 9 units are already presold. The Sponsor has designed almost zero energy homes that classify as energy class A++. Units are designed according to the most advanced passive house standards and will be equipped with solar batteries, collectors, and smart home functions.With this project, the Sponsor aims to raise funds for the development of 9 row house units with a gross building area of 1,225 m2 plus partially roofed terraces and closed car parking places plus sheds with a total area of 679 m2.The goal of this tranche is 90,000 Euros. The loan will earn 13% p.a. and will be secured by a 1st rank mortgage on the development land plot. Crowdestate investors will have the possibility to fund a total loan amount of 1.4 million Euros in several tranches. The estimated total costs of the project are 2.3 million Euros and the projected base scenario revenues of the project are 2.6 million Euros.The principal and interest payment will be done as a bullet payment at the end of the 7-month loan or earlier following the sales of the newly built row house units. The total value of the project is currently ca. EUR 1,5 million: land value EUR 252 000 EUR to which we add the value of completed construction works in amount of ca. EUR 1,25 million. Thus the LTV for the loan is 69%. At the end of November 2022, the completion rate of the development was 70%.

Rahastuseesmärk:	€ 50000
Oodatav tootlus:	15 % aastas
Investeerimisperiood:	4 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk 69%
Capital stack:	Tagatud laen

Kupenas, Mārupe (XXXII)

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