The purpose of current investment opportunity is to finance construction of terraced house project with 12 apartments in 3 separate buildings at Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10, Viimsi, Estonia. The amount of this funding round is EUR 230,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 1,558,400. The source of loan repayment is sales of completed apartments.As we publish this project, the construction, according to the valuation document is 85% completed and  8 apartments are sold. To return the loan principal and pay out interest, Sponsor has to sell 9 apartments.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 12 months. The loan is secured by a 1st rank mortgage on 11 apartments of Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10 properties. One of the apartments is mortgaged to local municipality to secure investments in infrastructure related to Paevälja Road development.The value of the collateral is EUR 2,47 million. Accordingly, the ratio of total amount of liabilities and collateral value (LTV) is 80%.

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

Real estate investment | Paevälja tee 6, 8, 10 (IX)

The purpose of current investment opportunity is to finance construction of terraced house project with 12 apartments in 3 separate buildings at Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10, Viimsi, Estonia. The amount of this funding round is EUR 230,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 1,558,400. The source of loan repayment is sales of completed apartments.As we publish this project, the construction, according to the valuation document is 85% completed and  8 apartments are sold. To return the loan principal and pay out interest, Sponsor has to sell 9 apartments.The investment earns a fixed interest rate at 11% p.a. and the loan term is scheduled up to 12 months. The loan is secured by a 1st rank mortgage on 11 apartments of Paevälja Road 6, Paevälja Road 8 and Paevälja Road 10 properties. One of the apartments is mortgaged to local municipality to secure investments in infrastructure related to Paevälja Road development.The value of the collateral is EUR 2,47 million. Accordingly, the ratio of total amount of liabilities and collateral value (LTV) is 80%.

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

Käesolevaks investeerimisvõimaluseks on 12 korteriga ridaelamuarenduse ehituskulude finantseerimine. Projekti objektiks olev arendus koosneb kolmest 4 korteriga ridamajast Viimsis, aadressidel Paevälja tee 6, Paevälja tee 8 ja Paevälja tee 10. Crowdestate’i investorid on varem seda projekti rahastanud 1,558,400 euro ulatuses.Projekti Sponsor, Paepanga Rivimajad OÜ soovib Crowdestate’i investoritelt kaasata 230,000 eurot, mida kasutatakse edasise ehitustegevuse finatseerimiseks. Laenu tagastamise allikaks on valminud korterite müük.Projekti avaldamise ajaks on arenduse ehitusjärguks 85%. 8 korterit on võlaõiguslike lepingute alusel müüdud.Laenuperioodiks on 12 kuud. Fikseeritud intressimääraks 11% aasta baasil. Laen on tagatud 1. järjekoha hüpoteekidega 11-le korteriomandile selles arendusprojektis. Üks korteritest on hüpoteegitud Viimsi vallale, tagamaks ehitusloa eelduseks olnud infrastruktuuri rajamist. Tagatisvara väärtuseks on 2,47 milj. eurot. Vastavalt sellele moodustab laenukohusutuste summa vara väärtusest (LTV) 80%.

Real estate investment | Paevälja 6, 8, 10 (IX)

Paevalja Road 6, 8 e 10 è un'operazione immobiliare - situata in Estonia a Viimsi - che prevede la realizzazione di 12 villette a schiera in 3 complessi residenziali separati.L'ammontare di questa tranche di raccolta è pari a EUR 230,000. Gli investitori di Crowdestate hanno già finanziato questo progetto dal valore complessivo di EUR  1,558,400. Il ripagamento dei prestiti avverrà una volta finalizzata la vendita degli appartamenti.Come già menzionato dallo Sponsor, i lavori di costruzione sono completati per l'85% e 8 appartamenti sono già stati enduti. Per restituire il capitale del prestito e pagare gli interessi, lo Sponsor deve vendere 9 appartamenti.L'investimento guadagna un tasso di interesse fisso all' 11% e il termine del prestito è previsto tra 12 mesi. Il prestito è garantito da un'ipoteca di primo grado sugli 11 appartamenti presenti a Paevälja Road 6, 8 e 10. Uno degli appartamenti è ipotecato dal Comune e l'obiettivo è quello di investire in un progetto di riqualificazione e sviluppo residenziale.Il valore della garanzia corrisponde a 2,47 milioni di euro. Di conseguenza, la percentuale tra l'ammontare totale delle passività e il valore della garanzia (LTV) è del 80%.

Rahastuseesmärk:	€ 230000
Oodatav tootlus:	11 % aastas
Investeerimisperiood:	6 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Paevälja tee 6, 8, 10, Lubja (IX)

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