• Deadline
  • Start of investment period
  • Start time
    19.11.2021 11:40
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    11 months
  • Expected rate of return
    11.2% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €185 000

Executive summary

This investment opportunity is a land development project of 15 residential housing development land plots in Juglasciems. The sponsor has acquired a 19002 m2 land plot and intends to split it into 15 residential housing land plots. The plan includes the addition of all required utilities (city water network, electricity grid, gas) to the land plots and construction of access roads - streets with street lights. Land plots will be sold ready for the construction of individual and twin houses. 

The goal of this tranche is 185 000 Euros. The loan will be secured by a 1st rank mortgage on the land plot with a current market value of 527 000 EUR, which means that even made investments into infrastructure the LTV ratio will be a healthy 35%. The collateral value will increase after making investments into infrastructure. The initial business plans show that the Sponsor will be able to achieve approximately 900 000 EUR gross revenues from the sale of 18 land plots. Crowdestate investors will have the possibility to fund further stages of the development project, which will be proposed after the first infrastructure works are completed.

The loan will bear a 11,2% per annum interest rate and principal plus interest payment will be done as a bullet payment at the end of the 12-month loan.


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