This project provides Crowdestate investors with an opportunity to invest in development of row house development project in Tartu, Aeru 9 and Aeru 11, located in exclusive Kvissental precinct.Kvissental is highly valued and private neighbourhood quite next to River Emajõgi on the northern border of Tartu, the second largest city in Estonia. As the result of this project, two row houses with six apartments in each will be built and sold. Both houses are approx. 40% completed already, financed by Sponsor’s equity. The Sponsor of the project is established construction entrepreneur who functions also as main contractor in this project.Crowdestate investors have an opportunity to finance the construction of Aeru 9 and Aeru 11 in the amount of EUR 570,000 in total. The first funding round has an objective to raise EUR 200,000. The loans are secured by first rank mortgage on the Aeru 9 and Aeru 11 properties as well as personal assurance in the amount of EUR 100,000 by Mr. Enn Mullamaa, a board member of Westwood Invest OÜ, the sponsor of this project.The loan term is 12 months and interest rate is fixed on 11% per annum.There would be quarterly interest payments.The loan will be returned and outstanding interest will be paid out according to sales as 100% of sales revenues will be transferred to payouts to investors, but not later than expiry date.The internal rate of return (IRR) of the first tranche is 11,55%.

Invest in a real estate development in Estonia and earn more than 11% p.a.

Investment opportunity in Tartu, Estonia

This project provides Crowdestate investors with an opportunity to invest in development of row house development project in Tartu, Aeru 9 and Aeru 11, located in exclusive Kvissental precinct.Kvissental is highly valued and private neighbourhood quite next to River Emajõgi on the northern border of Tartu, the second largest city in Estonia. As the result of this project, two row houses with six apartments in each will be built and sold. Both houses are approx. 40% completed already, financed by Sponsor’s equity. The Sponsor of the project is established construction entrepreneur who functions also as main contractor in this project.Crowdestate investors have an opportunity to finance the construction of Aeru 9 and Aeru 11 in the amount of EUR 570,000 in total. The first funding round has an objective to raise EUR 200,000. The loans are secured by first rank mortgage on the Aeru 9 and Aeru 11 properties as well as personal assurance in the amount of EUR 100,000 by Mr. Enn Mullamaa, a board member of Westwood Invest OÜ, the sponsor of this project.The loan term is 12 months and interest rate is fixed on 11% per annum.There would be quarterly interest payments.The loan will be returned and outstanding interest will be paid out according to sales as 100% of sales revenues will be transferred to payouts to investors, but not later than expiry date.The internal rate of return (IRR) of the first tranche is 11,55%.

Käesolev projekt pakub võimalust investeerida Tartus, eksklusiivses Kvissentali elamurajoonis, aadressidel Aeru 9 ja Aeru 11 asuvate ridaelamute arendamisse.Kvissental on hinnatud ja privaatne piirkond, mis asub Emajõe vahetus läheduses. Antud projekti raames arendatakse korraga kahte kuue korteriga ridamaja. Majad on ca. 40% ulatuses valminud.Sponsor on juba paigutanud projekti märkimisväärse hulga omakapitali, kuivõrd senine arendustegevus on läbi viidud omakapitali arvel. Sponsoriks on ehitusettevõtja, kes toimib projektis ka peatöövõtjana.Crowdestate’i investoritel on võimalus projekti paigutada kokku 570000 eurot.Käesoleva, esimese rahastusvooru maht on 200000 eurot.Laen on tagatud esimese järjekoha hüpoteegiga arendatavatele kinnistutele. Lisaks on Sponsori juhatuse liige andnud projektile isikliku käenduse summas kuni 100000 eurot.Laenuperioodiks on kuni 12 kuud ja fikseeritud intressimääraks on 11% aastas.Sponsor teeb kvartaalseid intressimakseid.Laenusumma tagastatakse laenu tähtajal või korterite müümisel.Esimese rahastusvooru arvutuslik tootlus on 11,55%.

This project provides Crowdestate investors with an opportunity to invest in development of row house development project in Tartu, Aeru 9 and Aeru 11, located in exclusive Kvissental precinct.Kvissental is highly valued and private neighbourhood quite next to River Emajõgi on the northern border of Tartu, the second largest city in Estonia. As the result of this project, two row houses with six apartments in each will be built and sold. Both houses are approx. 40% completed already, financed by Sponsor’s equity. The Sponsor of the project is established construction entrepreneur who functions also as main contractor in this project.Crowdestate investors have an opportunity to finance the construction of Aeru 9 and Aeru 11 in the amount of EUR 570,000 in total. The first funding round has an objective to raise EUR 200,000. The loans are secured by first rank mortgage on the Aeru 9 and Aeru 11 properties as well as personal assurance in the amount of EUR 100,000 by Mr. Enn Mullamaa, a board member of Westwood Invest OÜ, the sponsor of this project.The loan term is 12 months and interest rate is fixed on 11% per annum.There would be quarterly interest payments.The loan will be returned and outstanding interest will be paid out according to sales as 100% of sales revenues will be transferred to payouts to investors, but not later than expiry date.The internal rate of return (IRR) of the first tranche is 11,55%.

Этот проект предоставляет инвесторам Crowdestate возможность инвестировать в развитие ряда домов в Тарту, Aeru 9 и Aeru 11, расположенных в эксклюзивном районе Квиссенталь.Квиссенталь это ценный частный район, который находится в непосредственной близости от реки Эмайыги на северной границе Тарту, второго по величине города в Эстонии. В результате этого проекта будут построены и проданы двухрядные дома с шестью квартирами каждый. Оба дома уже завершены примерно на 40% и профинансированные за счет средств Спонсора. Спонсором проекта является строительный предприниматель, который также выполняет функции основного подрядчика в этом проекте.Инвесторы Crowdestate имеют возможность финансировать строительство Aeru 9 и Aeru 11 в сумме 570 000 евро.В ходе первого раунда финансирования планируется привлечь 200 000 евро.Кредиты обеспечены ипотекой первого ранга на Aeru 9 и Aeru 11, а также личной гарантией в размере 100 000 евро г-ном Энн Мулламаа, членом правления Westwood Invest OÜ, спонсором этого проекта.Срок кредита составляет 12 месяцев, а процентная ставка - 11% годовых.Проводится ежеквартальная выплата процентов.Кредит будет возвращен, а оставшиеся проценты будут выплачены в соответствии с продажами, так как 100% выручки от продаж будут переведены на выплаты инвесторам, но не позднее даты истечения срока.Внутренняя норма прибыли (IRR) первого транша составляет 11,55%.

Funding goal:	€ 200000
Expected return:	11.55 % p.a
Investment term:	10 months
Risk category:	C Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Aeru 9/11, Tartu (I)

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