With this investment opportunity, the Crowdestate investors will have the opportunity of investing in a mortgaged secured senior construction loan in a total amount of EUR 450,000 arranged in 3 tranches. This is the 1st tranche of the investment opportunity for EUR 120,000.The purpose of the loan is to finance  the needed capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project, named ‘’The Lake Home”, consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This will be Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed and almost sold completely (more than 85% from the total units) in April 2022. To secure only the 1st tranche of EUR 120,000, the Sponsor is offering the first-rank mortgage over a private penthouse already completed within Phase 1 of the development, penthouse developed on 2 floors, respectively 1 apartment consisting of 4 bedrooms, 2 dressings, 1 living room, 4 bathrooms, 1 kitchen plus dining area, 3 hallways with an usable area of 160,9 sqm plus a terrace of 45,5 sqm. According to the attached appraisal, the minimum market value of this collateral is EUR 257,000 (evaluated by Nai Romania, Appraisal and Valuation). Therefore, the LTV for the 1st tranche is ~47%. For the remaining 2 tranches, the Sponsor will present new collaterals. The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 12% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate is 14%. The principal and interest payments will be made at the end of the loan period.The loan will be repaid from the sale of the apartments when finalized, sale of the mortgaged collateral, respectively the penthouse already completed from 1st phase, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

Real estate investment opportunity in Romania for construction financing offering 12% annual interest rate.

Investment opportunity | The Lake Home 12, Sibiu, Romania

With this investment opportunity, the Crowdestate investors will have the opportunity of investing in a mortgaged secured senior construction loan in a total amount of EUR 450,000 arranged in 3 tranches. This is the 1st tranche of the investment opportunity for EUR 120,000.The purpose of the loan is to finance  the needed capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project, named ‘’The Lake Home”, consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This will be Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed and almost sold completely (more than 85% from the total units) in April 2022. To secure only the 1st tranche of EUR 120,000, the Sponsor is offering the first-rank mortgage over a private penthouse already completed within Phase 1 of the development, penthouse developed on 2 floors, respectively 1 apartment consisting of 4 bedrooms, 2 dressings, 1 living room, 4 bathrooms, 1 kitchen plus dining area, 3 hallways with an usable area of 160,9 sqm plus a terrace of 45,5 sqm. According to the attached appraisal, the minimum market value of this collateral is EUR 257,000 (evaluated by Nai Romania, Appraisal and Valuation). Therefore, the LTV for the 1st tranche is ~47%. For the remaining 2 tranches, the Sponsor will present new collaterals. The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 12% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate is 14%. The principal and interest payments will be made at the end of the loan period.The loan will be repaid from the sale of the apartments when finalized, sale of the mortgaged collateral, respectively the penthouse already completed from 1st phase, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

With this investment opportunity, the Crowdestate investors will have the opportunity of investing in a mortgaged secured senior construction loan in a total amount of EUR 450,000 arranged in 3 tranches. This is the 1st tranche of the investment opportunity for EUR 120,000.The purpose of the loan is to finance  the needed capital for ongoing construction works, completion of the related utilities and landscaping works for the residential project, named ‘’The Lake Home”, consisting of 39 apartments within building B1, located in 12 Tractorului Street, Sibiu City, Sibiu County, Romania. This will be Phase 2 of a larger 494 apartments, 34 villas, 1 kindergarten, 1 sport &amp; spa center and 3 restaurants development on a total land of ~53,000 sqm out of which ~20,000 sqm of green spaces and a park. Phase 1 including 42 apartments was completed and almost sold completely (more than 85% from the total units) in April 2022. To secure only the 1st tranche of EUR 120,000, the Sponsor is offering the first-rank mortgage over a private penthouse already completed within Phase 1 of the development, penthouse developed on 2 floors, respectively 1 apartment consisting of 4 bedrooms, 2 dressings, 1 living room, 4 bathrooms, 1 kitchen plus dining area, 3 hallways with an usable area of 160,9 sqm plus a terrace of 45,5 sqm. According to the attached appraisal, the minimum market value of this collateral is EUR 257,000 (evaluated by Nai Romania, Appraisal and Valuation). Therefore, the LTV for the 1st tranche is ~47%. For the remaining 2 tranches, the Sponsor will present new collaterals. The loan period for this opportunity is 14 months, with a Sponsor's option to extend the loan period by 4 months. The interest rate of the loan is 12% per annum. If the Sponsor uses the right to extend the loan, the interest rate for extension rate is 14%. The principal and interest payments will be made at the end of the loan period.The loan will be repaid from the sale of the apartments when finalized, sale of the mortgaged collateral, respectively the penthouse already completed from 1st phase, sale of other land plots owned by the Sponsor,  refinancing or from  the Sponsor's operating revenues.

<div dir="ltr" style="text-align: left;"><table><colgroup><col/><col/></colgroup><tbody><tr><td>Käesolevaks investeerimisvõimaluseks on hüpoteegiga tagatud seeniorlaen kokku summas EUR 450,000. Laenu otstarbeks on ehituskulude finantseerimine. Rahastus on korraldatud 3-s voorus. Käesoleva, esimese rahastusvooru eesmärgiks on EUR 120,000.Kaasatud vahendeid kasutatakse juba alustatud ehituse edasiseks finantseerimiseks. Tegemist on elukondliku arendusprojektiga aadressil 12 Tractorului tn., Sibiu, Rumeenia. Projekti turundatakse nimtusega The Lake Home (e.k. vaste Järvekodu). Arenduses on kokku 39 korterit. Tegemist on järjekorras 2.  etapiga suuremahulisest arendusest, milles on kokku 494 korterit, 34 eramut, lasteaed, spordikeskus ja 3 restorani. Arendatava kinnistu suuruseks on 53,000 m2, millest ca. 20,000 m2 jääb rohealaks. Projekti esimene faas hõlmas endas 42 korterit, mis valmisid 2022. a. aprillis ning millest 85% anti kohe peale valmimist uutele omanikele üle.Käesoleva rahastusvooru summaks on EUR 120,000. Laenu tagatiseks pakub Sponsor hüpoteeki juba valminud korterile sama arenduse 1. etapist. Korteri suuruseks on 160.9 m2 ning tegemist on kahel korrusel paikneva katusekorteriga. Korteris on 4 magamistuba, 4 vannituba, elutuba, avatud köögiga söögituba. Korteri juurde kuulub ka 45 m2 suurune terrass.Vastavalt hindamisaktile on korteri turuväärtuseks EUR 257,000. Sellest lähtuvalt on käesoleva rahastusvooru laenu ja tagatisvara suhteks (LTV) ca. 47%. Järgnevate voorude rahastamisel kasutatakse teisi tagatisvarasid.Laenuperioodiks on 14 kuud, kusjuures Sponsoril on õigus laenu kuni 4 kuu ulatuses pikendada.Fikseeritud intressimääraks on 12% aasta baasil. Perioodilisi intressimakseid ei tehta. Laenusumma tagastatakse ja intressid makstakse välja laenuperioodi lõpus. Pikendusperioodi vältel on intressimäär 2% võrra kõrgem.Laenu tagastamise allikateks on arendatavate korterite müügist tekkiv rahavoog, tagatisvara müük, Sponsori muu vara müük või refinantseerimine.</td></tr></tbody></table></div>

Prin intermediul acestei oportunitati de investitie, investitorii Crowdestate vor avea oportunitatea de a investi intr-un imprumut senior pentru constructie in suma totala de 450.000 EUR acordat in 3 transe. Aceasta este prima transa in suma de 120.000 EUR.Scopul imprumutului este finantarea capitalului necesar pentru lucrarile de constructie aflate deja in derulare, finalizarea lucrarilor aferente utilitatilor si a lucrarilor de amenajare si peisagistica pentru faza a doua a proiectului, denumit ‘’The Lake Home”, compus din 39 apartamente aferente blocului B1 situat in Mun. Sibiu, Str. Tractorului, nr. 12, Jud. Sibiu, Romania. Aceasta va fi faza 2 a proiectului, proiect care cuprinde un numar total de 494 apartamente, 34 vile, 1 gradinita, 1 centru sport &amp; spa si 3 restaurante pe o suprafata totala de teren ~53.000 mp din care ~20,000 mp de parc si zona verde. Faza 1 a cuprins 42 apartamente care au fost finalizate si aproape vandute ( &gt;85% din totalul apartamentelor) in Aprilie 2022.Pentru a garanta exclusiv prima trasa in valoare de 120.000 EUR, Sponsorul ofera ipoteca de rangul 1 asupra unui penthouse deja finalizat din cadrul aceluiasi proiect, respectiv Faza 1 (penthouse dezvoltat pe 2 etaje), respectiv 1 apartament compus din 4 dormitoare, 2 dressinguri, 1 living room, 4 bai, 1 bucatarie cu zona de dining, 3 holuri cu o suprafata utila de 160.9 mp si o terasa de 45.5 mp. Conform raportului de evaluare atasat, valoarea de piata minima a penthouse-ului este de 257.000 EUR (raport intocmit de catre Nai Romania, Appraisal and Valuation). Prin urmare, LTV-ul pentru aceasta prima transa este de ~47%. Pentru urmatoarele 2 transe, Sponsorul va prezenta ca si garantie, ipoteca de rang 1 pe alte active.Durata investitiei pentru aceasta transa este de 14 luni, Sponsorul avand optiunea de a prelungi perioada cu alte 4 luni, daca va fi cazul.  Rata dobanzii este de 12% pe an. Daca Sponsorul isi foloseste dreptul de a prelungi perioada imprumutului, rata dobanzii pentru perioada prelungita va fi de 14% pe an.  Plata principalului si a dobanzii se va face la finalul perioadei imprumutului. Platile se vor face din vanzarea apartamentelor in curs de dezvoltare din Faza 2, la finalizarea acestora, vanzarea apartamentului de tip penthouse deja finalizat din cadrul Fazei 1 adus în garantie de catre dezvoltator,  vanzarea altor active/terenuri detinute de companie,  refinantare de la o banca locala sau alt creditor sau din profitul aferent activitatii operationale ale companiei.

Romania

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The Lake Home 12, Sibiu (I)

Raul-Nicusor Tarnaru

Rahastuseesmärk:	€ 120000
Oodatav tootlus:	12 % aastas
Investeerimisperiood:	18 kuud
Riskikategooria:	A Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

The Lake Home 12, Sibiu (I)

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