Pending settlement
  • Deadline
  • Start of investment period
  • Start time
    07.03.2023 17:05
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    11 months
  • Expected rate of return
    13.5% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €78 000

Executive summary

With this project, the Crowdestate investors will have the opportunity to invest in a mortgage loan in a total amount of EUR 78,000 arranged in 1 tranche.

The Project Owner intends to finance his other projects and to secure the loan offers the first-rank mortgage over a 3-bedroom apartment with 2 parking spaces located in Felicity Residence, very close to Baneasa forest, Stejarii Country Club and Baneasa Shopping Mall, District 1, Bucharest Nord. The property has a total useful area of 108,94 sqm, including 11,26 useful sqm of terrace. The property's total market value is EUR 155,000 and LTV is ~50%. 

The loan interest rate is 13,5% p.a. and the loan period is up to 12 months. The principal and interest payments will be made at the end of the loan period.

The loan will be repaid from the sales revenue of the Project Owner's other projects, the sale of the mortgaged property and/or other assets, or refinancing.


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