In our next financing project, we are offering the opportunity to invest in a secured bridge loan used to refinance current liabilities of a terraced house development company.The Sponsor would like to raise EUR 390,000 for a period of up to 12 months. The funds will be used to return equity loan to Crowdestate KK3 OÜ, a financing body, funded by Crowdestate investors and which in 2018 provided equity loan for developing a row house at the address <a href="https://crowdestate.eu/et/opportunity/Kaokella-tee-3-ridaelamud" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Käokella Road 3, Järveküla, Rae Parish, Harju County, Estonia by Energiamaja Kaks OÜ</a>. Energiamaja Kaks OÜ and the Sponsor share overlapping ownership structures. The bridge loan is secured by a 1st-rank mortgage on development property in Järveküla, Rae Parish, Harju County, Estonia, as well as 1st-rank mortgage on the Käeokella Road 3-7 , the furnished apartment used as a showroom for Käokella Road 3 row house development. The Käokella Road 3 development is completed and ca. 85% of the apartments are sold. The total mortgage amount is EUR 545,000.According to valuation documents concerning development properties and information about sales transactions values of Käokella Road 3 apartments, the total value of the collateral is EUR 600,000.The loan period is up to 12 months. Ca. 50% of the loan, ca. EUR 200,000 will be returned and first interest payment is made in 3 months, by 30.11.2019. The rest of the loan amount will be returned and accrued interest is paid by 31.08.2020 the latest.The loan has an annual interest rate of 11%. No periodic interest payments will be made.The loan-to-value ratio (LTV) in this project is 65%. After the partial repayment, LTV remains 50%.Calculated internal rate of return (IRR) for this project is 11,2% per year.

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

Mortgage secured real estate investment opportunity

In our next financing project, we are offering the opportunity to invest in a secured bridge loan used to refinance current liabilities of a terraced house development company.The Sponsor would like to raise EUR 390,000 for a period of up to 12 months. The funds will be used to return equity loan to Crowdestate KK3 OÜ, a financing body, funded by Crowdestate investors and which in 2018 provided equity loan for developing a row house at the address <a href="https://crowdestate.eu/et/opportunity/Kaokella-tee-3-ridaelamud" target="">Käokella Road 3, Järveküla, Rae Parish, Harju County, Estonia by Energiamaja Kaks OÜ</a>. Energiamaja Kaks OÜ and the Sponsor share overlapping ownership structures. The bridge loan is secured by a 1st-rank mortgage on development property in Järveküla, Rae Parish, Harju County, Estonia, as well as 1st-rank mortgage on the Käeokella Road 3-7 , the furnished apartment used as a showroom for Käokella Road 3 row house development. The Käokella Road 3 development is completed and ca. 85% of the apartments are sold. The total mortgage amount is EUR 545,000.According to valuation documents concerning development properties and information about sales transactions values of Käokella Road 3 apartments, the total value of the collateral is EUR 600,000.The loan period is up to 12 months. Ca. 50% of the loan, ca. EUR 200,000 will be returned and first interest payment is made in 3 months, by 30.11.2019. The rest of the loan amount will be returned and accrued interest is paid by 31.08.2020 the latest.The loan has an annual interest rate of 11%. No periodic interest payments will be made.The loan-to-value ratio (LTV) in this project is 65%. After the partial repayment, LTV remains 50%.Calculated internal rate of return (IRR) for this project is 11,2% per year.

Käesoleva rahastusprojekti raames pakume võimalust investeerida tagatud sildlaenu, mida kasutatakse Järvekülas, Rae vallas, Harju maakonnas, aadressil Käokella tee 3 asuva ja juba valminud ridaelamu kohustuste refinantseerimiseks.Sponsor soovib kaasata 390,000 eurot kuni 12 kuu pikkuseks perioodiks. Kaasatud vahendid suunatakse kinnisvaraarendusettevõtte Energiamaja Kaks OÜ tegevust finantseerinud osaniku, <a href="https://crowdestate.eu/et/opportunity/Kaokella-tee-3-ridaelamud" target="">Crowdestate’i investorite poolt rahastatud Crowdestate KK3 OÜ omanikulaenu tagastamiseks</a> ja osade omandamiseks ülejäänud osanike poolt. Käesoleva projekti Sponsor, Energiamaja OÜ ja Energiamaja Kaks OÜ omanikestruktuur kattub. Crowdestate KK3 OÜ finantseeris 2018. aastal Energiamajad Kaks OÜ poolt arendatud ridaelamuarendust aadressga Käokella tee 3, Järveküla, Rae vald, Harjumaa. Sildlaen on tagatud 1. järjekoha hüpoteegiga Järvekülas, Rae vallas asuvate ehitusõigusega arenduskinnistutele. Samuti kasutatakse tagatisena 1. järjekoha hüpoteeki Käokella tee 3 -7 korteriomandile (arenduse näidiskorter). Hüpoteegi summaks on 545,000 eurot.Tagatisvara väärtuseks vastavalt hindamisaktidele ja korteriomanditega seni tehtud tehingutele on 600,000 eurot. Laenuperioodi pikkuseks on kuni 12 kuud. Ca. 50% laenusummast e. ca. 200,000 eurot tagastatakse ja kogunenud intressid makstakse välja 3 kuu jooksul, hiljemalt 30.11.2019. Ülejäänud laenusumma koos kogunenud intressidega makstakse hiljemalt 31.08.2020.Laenu intressimääraks on 11% aastas. Perioodilisi intressimakseid ei tehta. Laenusumma tagastatakse laenu tähtajal või tagatisvara müümisel. Laenu ja tagatisvara suhteks (LTV) on 65%. Peale laenusumma osalist tagastust jääb laenu-tagatisvara suhteks 50%.Arvestuslikuks tootluseks on 11,2% aastas.

Invest in a real estate development in Estonia and earn 11,2% p.a.

In our next financing project, we are offering the opportunity to invest in a secured bridge loan used to refinance current liabilities of a terraced house development company.The Sponsor would like to raise EUR 390,000 for a period of up to 12 months. The funds will be used to return equity loan to Crowdestate KK3 OÜ, a financing body, funded by Crowdestate investors and which in 2018 provided equity loan for developing a row house at the address <a href="https://crowdestate.eu/et/opportunity/Kaokella-tee-3-ridaelamud" target="" style="background-color: transparent;color: rgb(73, 131, 195);">Käokella Road 3, Järveküla, Rae Parish, Harju County, Estonia by Energiamaja Kaks OÜ</a>. Energiamaja Kaks OÜ and the Sponsor share overlapping ownership structures. The bridge loan is secured by a 1st-rank mortgage on development property in Järveküla, Rae Parish, Harju County, Estonia, as well as 1st-rank mortgage on the Käeokella Road 3-7 , the furnished apartment used as a showroom for Käokella Road 3 row house development. The Käokella Road 3 development is completed and ca. 85% of the apartments are sold. The total mortgage amount is EUR 545,000.According to valuation documents concerning development properties and information about sales transactions values of Käokella Road 3 apartments, the total value of the collateral is EUR 600,000.The loan period is up to 12 months. Ca. 50% of the loan, ca. EUR 200,000 will be returned and first interest payment is made in 3 months, by 30.11.2019. The rest of the loan amount will be returned and accrued interest is paid by 31.08.2020 the latest.The loan has an annual interest rate of 11%. No periodic interest payments will be made.The loan-to-value ratio (LTV) in this project is 65%. After the partial repayment, LTV remains 50%.Calculated internal rate of return (IRR) for this project is 11,2% per year.

Rahastuseesmärk:	€ 390000
Oodatav tootlus:	11.2 % aastas
Investeerimisperiood:	8 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Sinika tee 2, 4, 6, 8, 10 ,12, 14 , 16, Järveküla

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