Mortgage-backed 12 month loan
- Start of investment period04.02.2021
- Start time14.01.2021 12:40
- Asset classIndustrial
- Investment typeDevelopment
- Investment end date28.03.2022
- Remaining termOverdue 1-90 days
- Expected rate of return10% p.a.
- Expected cash yield%
- No of investors212
- Goal€45 000
With this project the Sponsor aims to raise 45,000 euros against first lien mortgage on real estate property - 7,58 hectares large gravel quarry, located in Broceni district, Latvia.
The aim of the loan is to partially finance the purchase and setup of new gravel quarry machines to fulfil deliveries to existing customers who require gravel and sand of certain fractions.
The real estate value estimation document states that the real estate value of the property is 80,000 euros which gives Crowdestate investors a position with an adequate and healthy LTV ratio of 56.25%.
This senior loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 10% annual interest rate. Interest payment will be done on a quarterly basis.