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 150,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 1,288,500. The source of loan repayment is sales of completed apartments. Sponsor plans to complete the construction by the end of Summer 2020.As we publish this project, the construction, according to the Sponsor, is 78% completed and 8 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.The investment earns a fixed interest rate at 12% p.a. and the loan term is scheduled up to 6 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 2,22 million. Accordingly, the ratio of total amount of liabilities and collateral value (LTV) is 71,5%.

Invest in a real estate development in Estonia and earn 12% p.a.

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

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 150,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 1,288,500. The source of loan repayment is sales of completed apartments. Sponsor plans to complete the construction by the end of Summer 2020.As we publish this project, the construction, according to the Sponsor, is 78% completed and 8 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.The investment earns a fixed interest rate at 12% p.a. and the loan term is scheduled up to 6 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 2,22 million. Accordingly, the ratio of total amount of liabilities and collateral value (LTV) is 71,5%.

Invest in a real estate development in Estonia and earn 12%  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 1,288,500 euro ulatuses.Projekti Sponsor, Paepanga Rivimajad OÜ soovib Crowdestate’i investoritelt kaasata 150,000 eurot, mida kasutatakse edasise ehitustegevuse finatseerimiseks. Laenu tagastamise allikaks on valminud korterite müük.Projekti avaldamise ajaks on arenduse ehitusjärguks Sponsori hinnangul 78%. 8 korterit on võlaõiguslike lepingute alusel müüdud. Selline müügimaht on piisav, et peale korterite valmimist tagastada peale käesolevat rahastusvooru moodustuv laenukohustus ja maksta välja intressid.Laenuperioodiks on 6 kuud. Fikseeritud intressimääraks 12% 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 2,22 milj. eurot. Vastavalt sellele moodustab laenukohusutuste summa vara väärtusest (LTV) 71,5%.

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

L’obiettivo dell'attuale opportunità di investimento è quello di finanziare la costruzione di tre edifici residenziali di 12 appartamenti in Estonia, nella città di Viimsi all’indirizzo Paevalja Road 6, 8 e 10. L'importo di questa campagna di raccolta fondi è di 150.000 euro. Gli investitori dil Crowdestate hanno già investito in questo progetto per un importo di 1,288,500 euro. Il prestito verrà rimborsato tramite la vendita degli appartamenti completati. La società Sponsor prevede di completare la costruzione entro la fine dell'estate 2020.Al momento della presentazione del progetto, la costruzione è completata al 78% e 8 appartamenti sono già stati venduti. Una volta completata la costruzione, le attuali vendite saranno sufficienti per restituire interamente il prestito e gli interessi.Sulla base di una consulenza effettuata tramite una società specializzata, nonostante l’attuale situazione di emergenza, chi ha già confermato un acquisto nei mesi scorsi non avrà problemi ad avere il prestito bancario confermato per l’acquisto della nuova casa.Il tasso di rendimento del prestito è del 12% annuo e la durata prevista del prestito è di 6 mesi. Il prestito è garantito da un'ipoteca di 1° grado su 11 appartamenti del progetto in Paevalja Road 6, 8 e 10. Il restante appartamento è invece ipotecato dal comune a garanzia del pagamento degli oneri comunali.Il valore della garanzia è pari a 2,22 milioni di Euro. Di conseguenza, il rapporto tra il prestito totale e il valore dell’immobile (LTV) è pari al 71,5%.

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 150,000. Crowdestate’ investors have previously invested in this project in the amount of EUR 1,288,500. The source of loan repayment is sales of completed apartments. Sponsor plans to complete the construction by the end of Summer 2020.As we publish this project, the construction, according to the Sponsor, is 78% completed and 8 apartments are sold. As apartments will be completed, this current sales rate is sufficient to return the loan principal and pay out interest.The investment earns a fixed interest rate at 12% p.a. and the loan term is scheduled up to 6 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 2,22 million. Accordingly, the ratio of total amount of liabilities and collateral value (LTV) is 71,5%.

Rahastuseesmärk:	€ 150000
Oodatav tootlus:	12 % aastas
Investeerimisperiood:	6 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Paevälja tee 6, 8, 10, Lubja (VII)

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