The purpose of the current investment opportunity is to continue with the funding of Rae põik 10 terraced house construction. In this stage is planned to build the next terraced house with 9 apartments at Rae põik 10, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise with several investment rounds EUR 803,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 10. The amount of the current fifth investment round is EUR 46,000. The loan will be repaid from the apartment sales revenue. The construction is in progress (about 77% is completed). The construction deadline is Spring 2022.All 9 apartments have been sold with notarised pre-sale agreements. For successful exit has to be sold 6 apartments.Loan term is scheduled up to 1 month and the Sponsor has a unilateral opportunity to extend the loan by 3 months. Fixed interest rate is 10% p.a. (11.5% during an extension period). There is no periodic interest payments. Accrued interest is payable at the signing of apartments' sales contracts or at the end of the loan period latest.The loan is secured by a 1st mortgage on Rae põik 10 property. The value of the collateral is currently 861,000 euros (incl. unbuilt land plot + actual construction works). LTV of the project is currently 72%. The Sponsor has completed the terraced house of neighboring Rae põik 6 and 8 plots and repaid Crowdestate investors' loans on time.

Real estate investment opportunity in Estonia for property development offering 10% annual interest rate.

Investment opportunity | Rae põik 10, Rae parish, Harju country

The purpose of the current investment opportunity is to continue with the funding of Rae põik 10 terraced house construction. In this stage is planned to build the next terraced house with 9 apartments at Rae põik 10, Rae municipality, Harju country, Estonia. While the project is located just outside the Tallinn (capital of Estonia) city limits, it is 10 km away from Tallinn city centre.The Sponsor, Väike-Rae Arenduse OÜ, intends to raise with several investment rounds EUR 803,000 from Crowdestate investors, which will be used for financing the construction costs at Rae põik 10. The amount of the current fifth investment round is EUR 46,000. The loan will be repaid from the apartment sales revenue. The construction is in progress (about 77% is completed). The construction deadline is Spring 2022.All 9 apartments have been sold with notarised pre-sale agreements. For successful exit has to be sold 6 apartments.Loan term is scheduled up to 4 months. Fixed interest rate is 10% p.a. There is no periodic interest payments. Accrued interest is payable at the signing of apartments' sales contracts or at the end of the loan period latest.The loan is secured by a 1st mortgage on Rae põik 10 property. The value of the collateral is currently 861,000 euros (incl. unbuilt land plot + actual construction works). LTV of the project is currently 72%. The Sponsor has completed the terraced house of neighboring Rae põik 6 and 8 plots and repaid Crowdestate investors' loans on time.

Rae põik 10 üheksa korteriga ridamaja arendus asub Rae vallas, Rae külas, u. 10 km kaugusel Tallinna kesklinnast. Projekti Sponsor on naaberkinnistutel sama projekti alusel ehitamas nelja ridamaja, mille rahastamine toimub Crowdestate investorite poolt. Rae põik 10 ehituse maksumus on 803 000 eurot ja Crowdestate investoritele pakutakse võimalust viienda vooruga rahastada ehitust mahus 46 000 eurot. Koos eelnevate rahastamisvoorudega on investorite laen kokku summas 622 000 eurot, mis on ka tänaseks akteeritud ehitustööde maksumus. Ehitusest on valmis u. 77%.Võlaõiguslepingutega on kõik korterid müüdud. Laenuperiood on 4 kuud.  Fikseeritud intressimäär on 10% aasta baasil. Intress makstakse ühekordse maksena perioodi lõpus või korterite asjaõiguslike müügilepingute raames summa laekumisel. Laenu tagastamise allikaks on valminud korterite müük. Projekti valmimise tähtaeg on kevad 2022.a. Laen on tagatud 1. järjekoha hüpoteegiga Rae põik 10 kinnistule.Tagatisvara väärtus on käesoleva kampaania hetkel 861 000 eurot (sh. hoonestamata kinnistu + akteeritud ehitustööd). Projekti LTV on hetkel 72%.Sponsor on Rae põik 6 ja 8 naaberkinnistu ridamajad valmis ehitanud ja Crowdestate investorite laenu tähtaegselt tagasi maksnud.

Rahastuseesmärk:	€ 46000
Oodatav tootlus:	10 % aastas
Investeerimisperiood:	4 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Rae põik 10, Rae (V)

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