Funded
  • Deadline
    12.08.2021
  • Start of investment period
    11.08.2021
  • Start time
    05.08.2021 11:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    12.08.2022
  • Remaining term
    9 months
  • Expected rate of return
    14% p.a.
  • Expected cash yield
    %
  • No of investors
    195
  • Goal
    €112 000

Executive summary

With this project, the Sponsor aims to raise 112 000 Euros of secured loan to finance full completion of interior finishing of a spacious 202,9 m2 luxury apartment in Quiet Center of Riga also called Art Nouveau District.

The loan will be secured by a 3rd rank mortgage on the real estate - apartment with 580 000 Euros current and 740 000 EUR future market value (after completion of interior finishing). The apartment is located at a prestigious location - Ausekļa iela 4, Rīga, in the Art Nouveau district of Riga.

The loan will be disbursed in stages following documentation that proves completion of interior finishing works, this approach will give Crowdestate investors of this tranche a position with an LTV ratio of 70%, behind the first two tranche layers of Crowdestate loan.

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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