Exited
  • Deadline
    30.09.2016
  • Start of investment period
    23.08.2016
  • Start time
    19.08.2016 07:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    22.08.2018
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    15% p.a.
  • Expected cash yield
    %
  • No of investors
    422
  • Goal
    €750 000

Executive summary

The construction of Briezu 7A apartment building started at the peak of the real-estate boom in 2006. 2008 market crash stopped the construction activities and eventually the project changed ownership. The Sponsor acquired this development project from Swedbank’s Latvia real-estate unit 3 years ago. Crowdestate investors have the opportunity to fund the construction of this building in the amount of 750 000 EUR.

The investment term of the project is up to 24 months with the expected interest rate of 15% per annum.

Crowdestate

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