Attractively priced apartment building in Riga

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

Internal Rate of Return (IRR): 15.77% Final interest rate: 15% € 987 187 Returned to Investors

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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.

Briezu iela 7a, Riga, LV-1034 Latvia