L. Koidula 32, 10150 Tallinn (VI)
Mortgage-backed short term loan
- Start of investment period23.08.2021
- Start time03.08.2021 07:45
- Asset classResidential
- Investment typeDevelopment
- Investment end date12.08.2022
- Remaining term9 months
- Expected rate of return10% p.a.
- Expected cash yield%
- No of investors480
- Goal€440 000
With this project the Sponsor aims to raise 440,000 euros against the first mortgage on L. Koidula Street 32 immovable in order to release capital for financing other developments. This is a refinancing of a previous loan from Crowdestate investors.
This senior loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 10% annual interest rate. Interest and principal will be paid as a lump sum at the end of the period.
The senior loan is secured by a first mortgage on a prime L. Koidula St. 32 residential property in Tallinn, Estonia.
The market value of the collateral is 669,000 euros and LTV is 60%.