This investment opportunity is a land development project of 15 residential housing development land plots in Juglasciems. The sponsor has acquired a 19002 m2 land plot and intends to split it into 15 residential housing land plots. The plan includes the addition of all required utilities (city water network, electricity grid, gas) to the land plots and construction of access roads - streets with street lights. Land plots will be sold ready for the construction of individual and twin houses. The goal of this tranche is 185 000 Euros. The loan will be secured by a 1st rank mortgage on the land plot with a current market value of 527 000 EUR, which means that even made investments into infrastructure the LTV ratio will be a healthy 35%. The collateral value will increase after making investments into infrastructure. The initial business plans show that the Sponsor will be able to achieve approximately 900 000 EUR gross revenues from the sale of 18 land plots. Crowdestate investors will have the possibility to fund further stages of the development project, which will be proposed after the first infrastructure works are completed.The loan will bear a 13% per annum interest rate and principal plus interest payment will be done as a bullet payment at the end of the 12-month loan.

Invest in development in Latvia and earn 13% p.a

Investment opportunity | 13% return p.a.

Invest in development in Latvia and earn 13% p.a.

Käesolevaks investeerimisvõimaluseks on maa-arenduse projekt Juglaciems’ linnaosas, Läti Vabariigis, Riia äärelinnas.Tegemist on arendusprojetiga, mille tulemusel luuakse 15 eramukrunti kokku 19002 m2 suurusel maa-alal.Arendustegevus seisneb tehnilise kommunikatsioonivõrgustiku (veevarustuse, elektrivarustuse ja gaasivarustuse), tänavate ning ligipääsu rajamises. Kinnistud müüakse faasis, mis võimaldab alustada eramute või paarismajade püstitamist.Käesoleva rahastusvooru mahuks on EUR 185,000. Laen on tagatud 1. jrk. hüpoteegiga arendatavale kinnistule.Tagatisvara praeguseks väärtuseks on EUR 527,000. Vastavalt sellele on laenusumma ja tagatisvara väärtuse suhteks (LTV) 35%. Tagatisvara väärtus kasvab veelgi vastavalt läbiviidud arendustöödele. Äriplaani kohaselt on arenduse lõppedes 20 elamukrundi väärtuseks ca. 900 000 eurot.Crowdestate’ investoritel avaneb võimalus rahastada ka arenduse järgnevaid etappe.FIkseeritud intressimääraks on 13% aasta baasil. Perioodilisi intressimakseid ei tehta. Intress makstakse välja koos leanu põhiosa tagatamisega 12-kuulise laenuperioodi lõpus.

Investment opportunity | 13% p.a return

Funding goal:	€ 185000
Expected return:	13 % p.a
Investment term:	14 months
Risk category:	B Risk assessment model
LTV:	Low risk %
Capital stack:	Secured loan

Ezupes iela, Juglasciems (I)

Funded investments