Funded
  • Deadline
    11.08.2021
  • Start of investment period
    02.08.2021
  • Start time
    26.07.2021 05:30
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    31.07.2022
  • Remaining term
    9 months
  • Expected rate of return
    9.5% p.a.
  • Expected cash yield
    %
  • No of investors
    248
  • Goal
    €80 000

Executive summary

This current investment opportunity is to finance construction costs of one-family house at Maikellukese tn 11, Alliku municipality, Saue parish. Investors will be offered an opportunity to finance the construction of one-family house in total amount of EUR 150,000. Amount of the first round is EUR 80,000. Construction has already started - foundation have been done, the walls and trusses are installed. The construction deadline is the end of year 2021. With each new funding round, the value of the underlying asset will increase until the house is finished.

Loan is secured by a first rank mortgage, fixed interest rate is 9.5% p.a and interest is paid ate the end of period. IRR of the project is 9.61%. Investment period is 12 months. 

The house living area is 160,9 square meters. Planned sales price is EUR 456,000 (including VAT).

Maikellukese tn 11 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. 

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