Concluso
  • Chiusura raccolta
    07.11.2018
  • Inizio del periodo di investimento
    05.11.2018
  • Ora di inizio
    30.10.2018 13:00
  • Categoria di immobile
    Residenziale
  • Tipo di investmento
    Sviluppo immobiliare
  • Data di fine dell'investimento
    26.03.2019
  • Orizzonte d'investimento restante
    Ritardo oltre i 90
  • Rendimento annuo
    11% annuo
  • Rendimento in contanti atteso
    %
  • N. di investitori
    545
  • Obiettivo
    €260 000

Progetto in sintesi

Hereby we present the fourth and final funding round for a residential rental building development in Tallinn Centre, at Juurdeveo 25c.

Juurdeveo 25C OÜ is reconstructing a former office and industrial building of Estonian Railways, located at the edge of Tallinn City Centre, at Juurdeveo 25c. The Sponsor intends to turn the building into the residential rental building with 73 studio apartments.

The project includes reconstruction of the building, furnishing the units and sales of turn-key apartments. The Sponsor sees retail property investors as its main target group and has therefore designed a marketing strategy to guarantee clients a 7% rental yield with free rental management service for 24 month period.

Crowdestate investors have an opportunity to fund the construction works of the residential rental building in Tallinn, Juurdeveo 25c in the total amount of EUR 1,000,000. 

The funding target for this final tranche is EUR 260,000. This 8-month tranche will earn an 11.0% fixed annual interest rate, with an IRR of 11.55%.

All loans in all tranches have a 1st lien cross-collateral mortgage in the total amount of EUR 1,415,000. The mortgage will be held in favor of investors by Crowdestate Collateral Agent. 

According to the financial model, the loans would be returned and interest paid out latest by June 2019. 

Sponsor has committed to monthly interest payments. Sponsor is obliged to return 80% of sales revenues to Crowdestate investors as loan repayments,

Sponsor has already invested EUR 1,100,000 equity into this project, the funds have been used to acquire the property and start construction works.

Crowdestate

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