Romanian Village 11, Balotesti, Ilfov, Romania
4 individual houses in Balotesti, Ilfov county
- Chiusura raccolta25.04.2022
- Inizio del periodo di investimento06.05.2022
- Ora di inizio21.03.2022 10:00
- Categoria di immobileResidenziale
- Tipo di investmentoSviluppo immobiliare
- Data di fine dell'investimento30.04.2023
- Orizzonte d'investimento restante8 mesi
- Rendimento annuo13% annuo
- Rendimento in contanti atteso%
- N. di investitori321
- Obiettivo€170 000
Progetto in sintesi
The goal for this opportunity is to finance the construction of 4 individual houses on a total land of 2330 sqm, situated at 11 Zori de zi street, Balotesti, Ilfov county, Romania.
Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - https://blog.crowdestate.eu/en/2020/secured-loan-definition/) in a total amount of EUR 440,000, arranged in 3 tranches, based on the progression of works and the presales. This is the 1st tranche of the investment opportunity for EUR 170,000.
The source of reimbursement will be the sale of the houses when finalized. The houses are expected to be delivered between September 2022 - October 2022. The second possible source of reimbursement can be refinancing from one of the banks operating in Romania.
The investment tenor for this tranche is up to 12 months. The interest rate is 13% p.a. and it will be paid upon the selling of the objective, partially or in whole, together with the principal, but no later than the loan’s maturity. The loan will be secured with a 1st rank mortgage on the land and future buildings. The land & existing structures of the first 4 houses, that are in various stages of development at this moment, have been evaluated for EUR 360,963 by SVN Research & Evaluation Advisors, therefore the LTV for the 1st tranche is 47%.