Funded
  • Deadline
    27.04.2021
  • Start of investment period
    19.05.2021
  • Start time
    13.04.2021 13:15
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    27.04.2022
  • Remaining term
    10 months
  • Expected rate of return
    11% p.a.
  • Expected cash yield
    %
  • No of investors
    698
  • Goal
    €290 000

Executive summary

With this project, the Sponsor aims to raise 290 000 Euros of secured loan to refinance existing loans with Bulkestate.

The loan will be secured by a 1st rank mortgage on the real estate with 580 000 Euros market value, this is an apartment located at a prestigious location - Ausekļa iela 4, Rīga, in the Art Nouveau district of Riga.

Since the recent real estate value estimation document from one of the largest and respectable real estate companies in Latvia - LATIO states that the real estate value of the pledged property is 580 000 Euros, it gives Crowdestate investors of this tranche a position with an LTV ratio of 50%.

This is a short-term investment opportunity, the principal and interest payment will be done as a bullet payment at the end of the 12 month loan period.

Crowdestate

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