Published
  • Deadline
    24.05.2021
  • Start of investment period
    01.01.1970
  • Start time
    03.05.2021 12:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    24.05.2022
  • Remaining term
    12 months
  • Expected rate of return
    12% p.a.
  • Expected cash yield
    %
  • No of investors
    623
  • Goal
    €390 000

Executive summary

With this project, the Sponsor aims to raise 390 000 Euros of secured loan. 

The loan will be secured by a 1st rank mortgage on the real estate property – a spacious 5 room 225m2 apartment with an estimated market value 780 000 Euros, this is an apartment located at a prestige location - Ausekļa iela 4, Rīga (apartment number 16), in the Art Nouveau district of Riga. 

Since the recent real estate value estimation document from one of the largest and respectable real estate companies in Latvia - LATIO states that the real estate value of the pledged property is 780 000 Euros, it gives Crowdestate investors of this tranche a position with an LTV ratio of 50%

This is a short-term investment opportunity. The principal and interest payment will be done as a bullet payment at the end of the 12-month loan period.

Crowdestate

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