L. Koidula 32, 10150 Tallinn (III)
Mortgage-backed short term loan
Exited
- Deadline15.07.2018
- Start of investment period15.07.2018
- Start time09.07.2018 10:30
- Asset classResidential
- Investment typeDevelopment
- Investment end date15.07.2019
- Remaining termOverdue 90+ days
- Expected rate of return11% p.a.
- Expected cash yield%
- No of investors521
- Goal€415 000
Executive summary
This investment opportunity is about crowdfunding a senior loan to finance experienced developer's other current real estate development projects. The raised funds will be used to refinance previous crowdfunded senior loan.
This senior loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 11% annual interest rate
The senior loan is secured by a first lien mortgage on a prime 32 L. Koidula Street residential property in Tallinn, Estonia.
