Funded
  • Deadline
    22.12.2022
  • Start of investment period
    23.12.2022
  • Start time
    28.11.2022 09:55
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    29.12.2023
  • Remaining term
    10 months
  • Expected rate of return
    14.5% p.a.
  • Expected cash yield
    %
  • No of investors
    154
  • Goal
    €325 000

Executive summary

The goal of this opportunity is to finance the construction of 5 apartment buildings, with a total of 135 units. The project is located at 82W Bucuresti-Magurele road, Bucharest, District 5, Romania. 

Crowdestate investors will have the opportunity to invest in a mortgaged secured senior construction loan in a total amount of EUR 3,200,000, which is arranged in about 10 tranches based on the progression of works and the presales. In the first tranche, EUR 421,100 was raised. This will be the second tranche of the investment opportunity in the amount of EUR 325,000.

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

The investment period for this tranche is up to 12 months. The interest rate is 14,5% p.a., which will be paid quarterly. The loan will be secured with a 2nd rank mortgage on the land and existing constructions, evaluated in October 2022 for EUR 1,499,000. The first rank mortgage is held by Crowdestate investors from the first funding round. Therefore, the maximum LTV after the 2nd tranche will be 49,77%.

Crowdestate

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