Koru põik 5 (VII), Saue vald, Alliku küla
6-apartment row house near Tallinn, Estonia
- Start of investment period12.11.2021
- Start time12.11.2021 08:15
- Asset classResidential
- Investment typeDevelopment
- Investment end date06.01.2022
- Remaining termOverdue 1-90 days
- Expected rate of return8.8% p.a.
- Expected cash yield%
- No of investors115
- Goal€96 000
Koru põik 5 row-house is the Sponsor's fourth house of the same type. Investors will be offered an opportunity to finance the construction of 6-apartment row-house in total amount of EUR 816,000. Amount of the seventh and the last round is EUR 96,000. Construction is in final stage and interior works are in progress. The construction deadline is December 2021. With each new funding round, the value of the underlying asset will increase until the row house is finished.
All six apartments are pre-sold!
Loan is secured by a first rank mortgage, fixed interest rate is 8.5% p.a and interest is paid monthly. IRR of the project is 8.8%. Investment period is up to 3 months.
Apartment sizes are 130 m2 (4 apartments) and 115 m2 (2 apartments).
Koru poik 5 property is located in Veskimöldre-2 residential area - new and developing area between Nõmme Pääsküla, Laagri small town and Harku forest, about 20 minutes drive from the center of Tallinn. Crowdestate investors have financed Sponsor's similar row-house developments at Koru poik 1, 3 and 9. Sale of all previous projects has been succesfull and investors' loans returned.
The Sponsor is building two row-houses at the same time (Koru põik 5 and 7) and Crowdestate investors are financing the construction of both houses in parallel. All apartments of Koru põik 7 have been sold (real right contracts signed) and investors' capital has been repaid earlier.