Our new funding offer is a residential development project in Tartu at Võru St. 108. Investors have the opportunity to finance the acquisition of the property in the amount of 112,000 euros and later the reconstruction of the building. Võru St. 108 is a residential building with eight apartments in need of reconstruction. The project owner (Estonian company Soinaste Arendus OÜ) has acquired the property and plans to renovate the apartment building and then sell apartments. After the renovation, the building has a total of 287.4 m2 of saleable area. There will be six 2-room and two 3-room apartments. In the current first funding round investors will grant 1st mortgage loan in a total amount of 112,000 euros. 1st rank joint mortgage will be established on eight apartments of Võru st. 108. The assessed market value and purchase price of the property is 225,000 euros. After the first funding round, the LTV of the project is ~50%. During the construction funding, LTV of the project will not exceed 70%. The loan period is 14 months (until 31.10.24), plus a one-time extension option of up to 2 months. Fixed interest rate is 13% p.a. from the loan balance. There will be no periodic interest payments, and the accrued interest is paid either at the end of the loan period or at a signing of apartments’ real right sales contracts. The loan will be repaid from the apartment sales revenue. Investors have previously funded the construction of project owner’s Rattasepa 33 semi-detached house in Tartu. The cooperation went smoothly, construction and loan repayment took place on time.

Real estate investment opportunity in Estonia for property development offering 13% annual interest rate

Real estate investment | Võru St. 108

Our new funding offer is a residential development project in Tartu at Võru St. 108. Investors have the opportunity to finance the acquisition of the property in the amount of 112,000 euros and later the reconstruction of the building. Võru St. 108 is a residential building with eight apartments in need of reconstruction. The project owner (Estonian company Soinaste Arendus OÜ) has acquired the property and plans to renovate the apartment building and then sell apartments. After the renovation, the building has a total of 287.4 m2 of saleable area. There will be six 2-room and two 3-room apartments. In the current first funding round investors will grant 1st mortgage loan in a total amount of 112,000 euros. 1st rank joint mortgage will be established on eight apartments of Võru st. 108. The assessed market value and purchase price of the property is 225,000 euros. After the first funding round, the LTV of the project is ~50%. During the construction funding, LTV of the project will not exceed 70%. The loan period is 14 months (until 31.10.24), plus a one-time extension option of up to 2 months. Fixed interest rate is 13% p.a. from the loan balance. There will be no periodic interest payments, and the accrued interest is paid either at the end of the loan period or at a signing of apartments’ real right sales contracts. The loan will be repaid from the apartment sales revenue. Investors have previously funded the construction of project owner’s Rattasepa 33 semi-detached house in Tartu. The cooperation went smoothly, construction and loan repayment took place on time.

Pakume rahastamiseks uut elamuarenduse projekti asukohaga Võru tn 108, Tartu. Investoritel on võimalus rahastada esmalt hoonestatud kinnistu soetust summas 112 000 eurot ja hiljem hoone ümberehitust. Võru 108 kinnistul asub renoveerimist vajav kaheksa korteriga elamu. Projekti omanik (Soinaste Arendus OÜ) on soetanud kinnistu ja plaanib kortermaja renoveerida ning seejärel korterid müüa. Majas on peale ümberehitust kokku 287,4 m2 müüdavat pinda. Kuus korterit on 2-toalised ja kaks korterit 3-toalised. Praeguse esimese rahastamisvooru raames annavad Investorid Võru tn 108 kaheksa korteriomandi 1. järjekoha hüpoteegi tagatisel laenu summas 112 000 eurot. Vara hinnatud turuväärtus ja soetushind on 225 000 eurot. Esimese rahastamisvooru järgselt on projekti LTV 50%. Lisanduva ehituse rahastamise käigus ei ületa projekti LTV 70%. Laenuperiood on 14 kuud (kuni 31.10.24), millele lisandub ühekordne pikendamise võimalus kuni 2 kuud. Laenult makstakse fikseeritud intressi 13% laenu jäägilt aasta baasil. Perioodilisi intressimakseid ei tehta ja kogunenud intress makstakse kas laenuperioodi lõpus või korteriomandite asjaõiguslike müügilepingute sõlmimisel. Laenusumma tagasimaksmine toimub renoveeritud korteriomandite müügitulust. Investorid on varasemalt rahastanud projektiomaniku Rattasepa tee 33 paarismaja arendust Tartus. Koostöö sujus tõrgeteta, projekti ehitus ja investorite laenu tagasimakse toimusid tähtaegselt.

Kortermaja renoveerimise finantseerimine, Tartu linnas, laenuintress 13% aasta baasil

Rahastuseesmärk:	€ 112000
Oodatav tootlus:	13 % aastas
Investeerimisperiood:	14 kuud
Riskikategooria:	C Riskihindamise mudel
LTV:	Madal risk 50%
Capital stack:	Tagatud laen

Võru tn 108, Tartu

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