Funded
  • Deadline
    18.01.2021
  • Start of investment period
    04.02.2021
  • Start time
    14.01.2021 12:40
  • Asset class
    Industrial
  • Investment type
    Development
  • Investment end date
    18.01.2022
  • Remaining term
    9 months
  • Expected rate of return
    10% p.a.
  • Expected cash yield
    %
  • No of investors
    214
  • Goal
    €45 000

Executive summary

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%.

The senior loan will be secured by the first-lien mortgage on property “Jaunkori” a 7,58 hectares large land plot (part of which is gravel quarry) in Gaiķu parish, Broceni district, Latvia.
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.
Crowdestate

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