Tammelehe 6, 76901 Tabasalu (IV)
6-apartment row house in Tabasalu, Estonia
- Chiusura raccolta31.01.2019
- Inizio del periodo di investimento28.01.2019
- Ora di inizio25.01.2019 10:00
- Categoria di immobileResidenziale
- Tipo di investmentoSviluppo immobiliare
- Data di fine dell'investimento31.10.2019
- Orizzonte d'investimento restante2 mesi
- Rendimento annuo11.59%
- Rendimento in contanti atteso%
- N. di investitori335
- Obiettivo€150 000
|30/07/2019||Investment opportunity overview, July 2019|
|28/06/2019||Extending the loan agreement|
|03/05/2019||Investment opportunity overview, May 2019|
Progetto in sintesi
This investment opportunity is part of development project at Tammelehe street (Tabasalu, Harku county, Harjumaa) which includes building 3 row houses. The first phase of the development - building a row house with 6 apartments at Tammelehe 2 which involved also Crowdestate investors, has been successful as house is completed, all the apartments are sold and ownership transfer will be done immediately after formalisation of apartment ownerships. Tammelehe 4 - also funded by Crowdestate - house elements are completed and assembled on the plot, 50% of apartments (3 units) are sold. Tammelehe 6 project is planned as a copy of previous two houses, enabling much shorter production time. Foundation works on site have completed and production of house elements have started.
The Sponsor, Tammelehe Arenduse OÜ intends to fund Tammelehe 6 development with Crowdestate investors. The project offers possibility to fund the development in the total amount of EUR 720 000. Financing is arranged in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is completed.
The fourth funding round of Tammelehe 6 development requires funding in the amount of EUR 150,000. The investment period of this tranche is up to 5 months and is paying a 11.0% interest rate p.a. Additionally, Sponsor has an option to unilaterally extend the loan period for up to 4 months with commitment to pay additional 2% interest for the extended period. The loan is secured by a first rank mortgage.