Within this financing project, we offer the opportunity to invest in a secured loan used to complete the development project at Pargi Street 10, Tartu, Estonia.The sponsor, EEA Majad OÜ seeks to raise EUR 100,000 for a period of up to 12 months. The funds will be used to finance the construction of Pargi 10 development project. Crowdestate investors have previously funded the project in total amount of EUR 460,000.Pargi Street 10 development includes two buildings with a total of 50 residential and office spaces and divided into two development phases. In the first stage, the historic building was reconstructed with 42 apartments and offices, a total of 1,670 m2 of net area. This phase is complete, the use permits for these apartments are issued and more than 70% of the units are sold.The second stage of development consists of building a new residential building with 786 m2 net area (8 apartments). This stage is 90% complete, 1 apartment is booked.The loan is secured by a 1st. rank mortgage on 6 apartments (NLA 515 m2 in total).In addition to the mortgage, there is a personal guarantee of EUR 230,000 from the Sponsor. The value of 6 apartments (taking into account the cost of the land and construction works actually performed) is EUR 736,000 and loan-to-value (LTV) ratio is 76%. This ratio does not take into account the amount of the personal guarantee. The ratio of Crowdestate's loans to the estimated sale price of collateral excluding VAT is 51.5%.Interest rate for the loan is 11% per annum. The loan will be returned at the end of the loan period or from sales of collateral units. The Sponsor has committed to quarterly interest payments. Calculated internal rate of return (IRR) would be 11.4%.

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

Mortgage secured real estate investment opportunity

Within this financing project, we offer the opportunity to invest in a secured loan used to complete the development project at Pargi Street 10, Tartu, Estonia.The sponsor, EEA Majad OÜ seeks to raise EUR 100,000 for a period of up to 12 months. The funds will be used to finance the construction of Pargi 10 development project. Crowdestate investors have previously funded the project in total amount of EUR 460,000.Pargi Street 10 development includes two buildings with a total of 50 residential and office spaces and divided into two development phases. In the first stage, the historic building was reconstructed with 42 apartments and offices, a total of 1,670 m2 of net area. This phase is complete, the use permits for these apartments are issued and more than 70% of the units are sold.The second stage of development consists of building a new residential building with 786 m2 net area (8 apartments). This stage is 90% complete, 1 apartment is booked.The loan is secured by a 1st. rank mortgage on 6 apartments (NLA 515 m2 in total).In addition to the mortgage, there is a personal guarantee of EUR 230,000 from the Sponsor. The value of 6 apartments (taking into account the cost of the land and construction works actually performed) is EUR 736,000 and loan-to-value (LTV) ratio is 76%. This ratio does not take into account the amount of the personal guarantee. The ratio of Crowdestate's loans to the estimated sale price of collateral excluding VAT is 51.5%.Interest rate for the loan is 11% per annum. The loan will be returned at the end of the loan period or from sales of collateral units. The Sponsor has committed to quarterly interest payments. Calculated internal rate of return (IRR) would be 11.4%.

Käesoleva rahastamisprojekti raames pakume võimalust investeerida tagatud laenu, mida kasutatakse Tartus, Pargi tn 10 asuva arendusprojekti lõpetamiseks. Sponsor soovib kaasata 100,000 eurot kuni 12 kuu pikkuseks perioodiks. Kaasatud vahendid suunatakse Tartus, Pargi tn. 10 arendusprojekti ehituse finantseerimiseks. Tegemist on järjekorras kolmanda rahastamisvooruga Pargi 10, Tartu arendusprojekti. Kahe varasema rahastamisvooruga on Crowdestate investorid finantseerinud arendust kokku summas 460 000 eurot.Pargi tn. 10 arendus hõlmab endas kahte hoonet, milles on kokku 50 elamis- ja büroopinda ning kinnistu arendus on jaotatud kahte etappi. Esimeses etapis rekonstrueeriti ajalooline hoone 42 korteri ja bürooga, kokku 1670 m2 müüdavat netopinda. See etapp on valmis, kasutusluba on väljastatud ja üle 70% ühikutest on müüdud. Teine arendusetapp seisneb kinnistule uue hoonemahu ehitamises kokku 786 m2 müüdava netopinna (8 korterit) ulatuses. Antud etapp on &gt;90% ulatuses valmis, 1 korter on broneeritud. Laen on tagatud 1. järjekoha hüpoteegiga teises arendusetapis valmivale kuuele korterile müüdavas pinnas kokku 515 m2.  Lisaks hüpoteegile on tagatiseks Sponsori isiklikku käendus summas 230 000 eurot. Tagatiseks oleva 6 korteri hetkeväärtus (arvestades maa soetushinna komponenti ja akteeritud ehitustöid) on 736 000 eurot, mis teeb kõikide Crowdestate laenude ja tagatisvara suhteks (LTV) 76%. Antud suhtarv ei arvesta isikliku käenduse summat. Crowdestate laenude suhe tagatisvara eeldatavasse käibemaksuta müügihinda on 51,5%. Laenu intressimäär on 11% aastas. Laenusumma tagastatakse laenu tähtajal või korterite müümisel. Intressimakseid tehakse kvartaalselt.Investeeringu arvutuslik sisemine tasuvusmäär (IRR) on 11,4% aastas.

Il progetto offre l'opportunità di conferire un prestito garantito per il completamento del progetto &#34;Pargi Street 10&#34; a Tartu, in Estonia. <div>Lo sponsor, &#34;EEA Majad&#34; mira a raccogliere 100.000 euro per un periodo di 12 mesi. I fondi raccolti saranno utilizzati per finalizzare la costruzione del progetto &#34;Pargi 10&#34;. Ad oggi, gli investitori di Crowdestate hanno già finanziato il progetto per un importo totale di 460.000 euro.<div> Lo sviluppo di &#34;Pargi Street 10&#34; comprende due edifici per un totale di 50 unità residenziali e uffici. Nella prima fase del progetto, l'edificio storico è stato ricostruito con 42 unità tra appartamenti e uffici, per un totale di 1.670 m2 di superficie. Questa fase è attualmente completata terminata, i permessi abitativi sono stati rilasciati e più del 70% delle unità sono state vendute. La seconda fase del progetto consiste nella costruzione di un nuovo edificio residenziale con una superficie di 786 m2 (8 appartamenti). Questa fase è completa al 90%. Un appartamento è già stato prenotato. Il prestito è garantito da un'ipoteca di 1° grado su 6 appartamenti, oltre all'ipoteca, c'è una garanzia personale di EUR 230.000 da parte dello Sponsor dell'iniziativa. Il valore dei 6 appartamenti ipotecati (tenendo conto del costo del terreno e dei lavori di costruzione effettivamente eseguiti) è di EUR 736.000 e il rapporto prestito/valore (LTV) è del 76%. Tale rapporto non tiene conto dell'importo della garanzia personale. Il tasso di interesse che riceveranno gli investitori di Crowdestate è pari all''11% annuo. Il capitale sarà restituito alla fine del periodo. La quota di interesse sarà invece pagata su base trimestrale. Il tasso interno di rendimento (IRR) è quindi pari all'11,4%.</div></div>

В рамках этого проекта финансирования мы предлагаем возможность инвестировать в обеспеченный кредит, используемый для завершения строительства на улице Парги 10, Тарту, Эстония.Спонсор EEA Majad OÜ стремится привлечь 100 000 евро на срок до 12 месяцев. Привлеченные средства будут использованы для финансирования затрат на строительство последнего этапа. Инвесторы Crowdestate ранее финансировали проект Парги 10 на сумму 460 000 евро.Комплекс Парги 10 включает в себя два здания, в общей сложности с 50 жилыми и офисными помещениями, которые разделены на два этапа строительства. На первом этапе было реконструировано историческое здание с 42 квартирами и офисами, общей площадью 1670 м2. Этот этап завершен, разрешения на использование этих квартир выдаются и боле 70% единиц продано.Второй этап застройки состоит из строительства нового жилого дома общей площадью 786 м2 (8 квартир). Этот этап выполнен на 90%, 1 квартира забронирована.Кредит обеспечен ипотекой 1-го ранга на 6 квартир (в общей сложности 515 м2 NLA), а также личной гарантией Спонсора в размере 230 000 евро. Стоимость 6 квартир (с учетом стоимости фактически выполненных работ по землеустройству и строительству) составляет 736,000 евро, а соотношение кредитов к стоимости (LTV) - 76%. Это соотношение не учитывает размер персональной гарантии. Отношение кредитов Crowdestate к предполагаемой цене реализации обеспечения без учета НДС составляет 51,5%.Процентная ставка по кредиту составляет 11% годовых. Кредит будет возвращен в конце срока кредита или в соответствии с продажей. Спонсор обязался ежеквартально выплачивать проценты.Расчетная внутренняя норма доходности (IRR) составит 11,4%.

Rahastuseesmärk:	€ 100000
Oodatav tootlus:	11.4 % aastas
Investeerimisperiood:	8 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Pargi 10, Tartu (III)

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