Published
  • Deadline
    31.01.2022
  • Start of investment period
    01.01.1970
  • Start time
    24.12.2021 08:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    31.07.2023
  • Remaining term
    18 months
  • Expected rate of return
    13.8% p.a.
  • Expected cash yield
    %
  • No of investors
    456
  • Goal
    €500 000

Executive summary

The goal for this opportunity is to finance the construction of 5 apartment buildings, with a total of 135 apartments, developed on a land of 5,278 sqm, situated at 82W Bucuresti-Magurele road, Bucharest, District 5, Romania. 

Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan (for more information regarding senior debt, please check out this blog post - https://blog.crowdestate.eu/en/2020/secured-loan-definition/) in a total amount of EUR 3,200,000, arranged in ~10 tranches, based on the progression of works and the presales. This is the 1st tranche in the amount of EUR 500,000, with a minimum goal of EUR 350,000.

The source of reimbursement will be the sale of the units when finalized. 

The investment tenor for this tranche is up to 18 months. The interest rate is 13,8% p.a. and it will be paid in quarterly installments. The loan will be secured with a 1st rank mortgage on the land and existing constructions, evaluated for EUR 1,103,700 (out of which the land is EUR 627,000 and existing constructions EUR 476,700).  Therefore, the maximum LTV for the 1st tranche is 45%.

Crowdestate

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