This real estate development project available for investing is a two 3 floor-building residential apartment project with 24 units. The project is located in the beautiful resort city Jurmala 300 meters from the coast of the Baltic sea with endless white-sand beaches. Crowdestate investors have previously helped finance the development land plot acquisition. Construction works have started and construction of foundations is currently under works. Also, the construction of modules have started in the off-site factory.  Although this project involves prefabrication technology, Crowdestate is financing only the costs on the construction site, which results in increase of the property value. The goal of this tranche is 70,000 EUR. The fixed interest rate for this funding round is 13% per annum. The loan will be returned and accrued interest will be paid from sales of the built apartment units at the end of 11 month loan period following the sales of the newly built units. The loan will be secured by the 1st. rank mortgage on the Pumpura iela 3A property. The market value of this 4,594 m2 land plot is EUR 811,000, which, together with the 270,000 EUR value of completed construction works, gives the LTV ratio of 53%.

Invest in development in Latvia and earn 13% p.a.

Investment opportunity | 13% return p.a.

This real estate development project available for investing is a two 3 floor-building residential apartment project with 24 units. The project is located in the beautiful resort city Jurmala 300 meters from the coast of the Baltic sea with endless white-sand beaches. Crowdestate investors have previously helped finance the development land plot acquisition. Construction works have started and construction of foundations is currently under works. Also, the construction of modules have started in the off-site factory.  Although this project involves prefabrication technology, Crowdestate is financing only the costs on the construction site, which results in increase of the property value. The goal of this tranche is 70,000 EUR. The fixed interest rate for this funding round is 13% per annum. The loan will be returned and accrued interest will be paid from sales of the built apartment units at the end of 11 month loan period following the sales of the newly built units. The loan will be secured by the 1st. rank mortgage on the Pumpura iela 3A property. The market value of this 4,594 m2 land plot is EUR 811,000, which, together with the 270,000 EUR value of completed construction works, gives the LTV ratio of 53%.

Käesolevaks investeerimisvõimaluseks on kinnisvara arendusprojekt kahe 3-korruselise ning 24 korteriga korterelamu rajamiseks. Projekti Sponsor soovib kaaasata 70,000 eurot ehitustööde jätkamiseks. Projekt asub kaunis kuurortlinnas Jurmalas, 300 meetri kaugusel lõputu valge liivarannaga Läänemere rannikust. Crowdestate'i investorid on varem aidanud rahastada arendusmaa krundi soetamist ning ehitustööde alustamist kokku summas ca. EUR 500,000 Hetkel on kõik ettevalmistustööd lõpetatud ning ehitustööd on alanud. Ca. 50% vundamenditöödest on lõpetatud. Antud rahastamisvooru fikseeritud intressimäär on 13% aastas. Laen tagastatakse ja kogunenud intress tasutakse ehitatud korteri üksuste müügilt 11-kuulise laenuperioodi lõpus või varem pärast vastvalminud korterite müüki. Laenu tagatiseks on 1. järjekoha hüpoteek arendatavale kinnistule aadressiga Pumpura iela 3A kinnistule. 4 594 m2 maatüki turuväärtus on 811 000 eurot ning kinnistul on ehitustöid tehtud EUR 270,000 väärtuses. Vastavalt sellele on käesoleva rahastusvooru LTV 53%.

Latvia

Euro

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Rahastuseesmärk:	€ 70000
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	11 kuud
Riskikategooria:	B Riskihindamise mudel
LTV:	Madal risk %
Capital stack:	Tagatud laen

Villa Astor, Jūrmala (VI)

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