Secured fix and flip loan

Exited

Deadline
16.12.2016
Start of investment period
15.12.2016
Start time
09.12.2016 09:10
Asset class
Residential
Investment type
Development
Investment end date
26.02.2021
Remaining term
Overdue 90+ days
Expected rate of return
12% p.a.
Expected cash yield
%
No of investors
168
Goal
€210 000

Internal Rate of Return (IRR): 2.68% Final interest rate: 12% € 227 893 Returned to Investors

Log in for more information

Executive summary

Project' Sponsor is Korterivahetus OÜ, represented by Mr. Virko Ojamaa, an experienced realtor, acquiring an apartment and a parking lot at A. Adamsoni 6 / Kevade 9, Tallinn, Estonia. The apartment totals 122.50 sq.m, ownership is governed by a notarial deed concluded between the co-owners of the building.

The purpose of the development loan is to acquire the apartment for fix and flip, selling it with within next 12 months. The scope of fix and flip includes redesigning the apartment's internal layout.

Current demand for premium apartments in highly valued areas remains high.

Kevade 9, 10137 Tallinn