This investment opportunity allows investors to funds the construction of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ.This is the 2nd Crowdestate funding round of the development project launched in the summer of 2017.The Sponsor of the project, Starelement OÜ and its sole owner, Mr Jaanus Jässi (hereinafter: Sponsor) is looking to crowdfund EUR 170,000  for financing construction costs, planning to use less than the originally estimated amount of senior bank loans.The Sponsor has issued 100% share pledge in favor of Crowdestate Collateral Agent OÜ for the loan period. This investment opportunity offers investors a set fixed interest rate of 14% p.a. for a loan term of up to 7 months. In case the sales speed exceeds expectations, The Sponsor intends to repay the raised capital as fast as possible.The development stage of the project is currently at 75%, and notarized purchase agreements are concluded for 55% of the available units. Additionally, reservation agreements have been signed for two apartments and there are negotiations underway to sell commercial premises.

Ground-up residential development in regional centre of Estonia, investment opportunity volume 170 000 Euros with an annual interest rate of 14%

Real estate investment opportunity

This investment opportunity allows investors to fund a bridge loan for sales period of a small apartment building with 11 apartments and 2 business premises in Kohila parish, Vabaduse 16, Kohila, Estonia by the developer Starelement OÜ.The Sponsor of the project, Starelement OÜ and its sole owner, Mr Jaanus Jässi (hereinafter: Sponsor) is looking to crowdfund EUR 335,000  for refinancing development loan during sales period of apartments in Vabaduse 16 development.The Sponsor has issued 100% share pledge in favor of Crowdestate Collateral Agent OÜ for the loan period. The loan will be secured also by 2nd tier mortgage on the same property. Amount of claims which are secured by 1st tier mortgage do not exceed EUR 40 000. Market value for available apartments in Vabaduse 16 building is approx EUR 630 000. This investment opportunity offers investors a set fixed interest rate of 12% p.a. for a loan term of 4 months.The building is completed, 40% of apartments are already sold. The project has been previously funded by Crowdstate's investors with a sum of EUR 320 000, used as subordinated capital in addition to the equity and senior loan.

Bridge loan for a residential development in regional centre of Estonia, investment opportunity volume 335 000 Euros with an annual interest rate of 12%

Käesoleva investeerimisprojekti raames on Crowdestate'i investoritel võimalik rahastada Starelement OÜ poolt Kohila alevi keskuses, Vabaduse tn 16 asuva 11 korteriga ja 2 äripinnaga hoone müügiperioodi. Tegemist on 2017. aasta suvel alustatud arendusprojekti 3. ühisrahastusvooruga.Projekti sponsor, Starelement OÜ ainuosanik Jaanus Jässi (edaspidi “Sponsor”) soovib ühisrahastuse kaudu kaasata 335 000 euro suuruses summas rahastajate kapitali, mida kasutatakse arenduslaenu refinantseerimiseks müügiperioodi vältel.Projekti Sponsor on seadnud projekti tagatiseks Starelement OÜ osadele pandi tagatisagendi, Crowdestate Collateral Agent OÜ kasuks. Lisaks sellele tagatakse laen 2. järjekoha hüpoteegiga seni müümata korteritele. 1. järjekoha hüpoteegiga tagatud nõudeid on kokku summas 40 000 eurot. Seni müümata korterite turuväärtus on kokku 630 000 eurot.Investeerimisvõimalus on pikkusega 4 kuud ning intressimääraga 12% aasta baasil. Arendus on valminud, 40% korteritest on müüdud. Projekti Sponsor on samasse projekti varem Crowdestate'i investorite poolt kaasanud 320 000 euro suuruse summas, mida on kasutatud lisaks omakapitalile ja pangalaenule projekti täiendava, allutatud kapitali allikana.

В рамках данного проекта развития Starelement OÜ построит в центре поселка Кохила дом на 11 квартир с двумя коммерческими помещениями.Спонсор проекта привлекает капитал инвесторов в сумме 170 000 евро для финансирования строительства в дополнение к банковскому кредиту.Спонсор проекта предлагает в качестве обеспечения залог паев Star Element OÜ в пользу Агента по обеспечению Crowdestate Collateral Agent OÜ.Ожидаемая продолжительность инвестиционного проекта составляет до 7 месяцев и фиксированной нормой доходности 14% годовых.

Rahastuseesmärk:	€ 335000
Oodatav tootlus:	12 % aastas
Investeerimisperiood:	4 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Vabaduse 16, Kohila (III)

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